Summary: An official Facebook account of Visa was hacked on Jan 27, 2025, and used to promote a suspicious Solana-based token named $VISA, resulting in a pump and dump scam. In a separate incident, President Donald Trump's promotion of a Solana-based meme coin named FAFO Barron led to a 250% price surge within hours. However, the price quickly plummeted afterward. The Pump.fun platform on Solana has been criticized for allowing the creation of meme coins that often result in rug-pull scams, leading to investor losses.



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