Dec 2024 - BasedBrett Solana Brett Token Rug Pulls Via Twitter/X - $18k (Global)
"Brett is the legendary character from Matt Furie’s Boys' club comic. He is a dancer and loves video games. Now he is living on the BASE blockchain as a Fan tribute. He has become blue mascot of the blue chain, BASE."
"Incoming Transmission... We're thrilled to announce that $BRETT has officially landed on the Solana Blockchain! Our long-term vision is for $BRETT to evolve into the ultimate crypto trend compass--an ETF-like token reflecting the emotions and trends shaping the crypto landscape. Solana, with its speed, scalability, and growing ecosystem, is the perfect home for this innocation."
"According to community feedback, the official X account of the Meme token Brett on the Base chain has reportedly been compromised and used to post false information. Please stay vigilant against related risks."
"$BRETT dev or someone from the team is now rogue @BasedBrett Be careful!! They are posting from their official X account for $BRETT coin launche on solana and rugging it for 18k profit. Within seconds launched a second coin as well in the same pattern. Check attached video for proof."
"The Twitter account of @BasedBrett, the blue mascot of the Base blockchain, appears to have been hacked. Users have reported suspicious activity, including unauthorized tweets and potential phishing links. The account's management is investigating the breach and advises followers to avoid interacting with recent posts until the issue is resolved."
The price of the BRETT meme coin dropped by over 10% within 24 hours, triggered by a hacking incident involving its official Twitter account, which posted suspicious airdrop links. This caused panic among investors and led to a sharp decline in BRETT’s price.
"BRETT price tumbles 10% in 24 hours, triggered by a hacking incident involving its official Twitter account and suspicious airdrop links."
Despite the downturn, BRETT remains the leading meme coin in the Base ecosystem, suggesting potential for recovery. Technical indicators show a weakening trend, with the Average Directional Index (ADX) dropping to 30.8, signaling a less intense market direction. Additionally, the Relative Strength Index (RSI) fell from nearly 90 to around 55, suggesting that BRETT is moving toward a neutral position after previously being considered overbought.
Although the coin faces challenges from the recent hack and the resulting negative sentiment, it still has strong market dominance, which may help it recover. If the price continues to fall, support could be found at $0.158, but if the market stabilizes, BRETT might see a rebound and test the resistance level of $0.236.
"Technical indicators show moderation, with ADX weakening to 30.8 and RSI cooling to 55, signaling reduced trend strength. Potential for recovery exists, with market dominance in the Base ecosystem offering resilience to test $0.236 level."
Further Analysis
Brett, a token based on the mascot of the BASE blockchain and a character from Matt Furie’s Boys' Club comic, has gained popularity as a meme coin within the ecosystem. However, its official Twitter account was recently hacked, with the attacker posting suspicious airdrop links. Although the hack sparked investor panic, leading to reduced market confidence and a 10% price drop, Brett's position in the ecosystem may support a rebound if the price stabilizes. The breach is under investigation and it does not appear that any recovery for victims has occurred.
How Could This Have Been Prevented?
More Cryptocurrency Exchange Hacks/Scams/Frauds
GAGAW Contract Flawed Token Transfer Logic Exploited > > < < DeBox Social External EOA Wallet Private Key Leak
Sources/Further Reading
Base链上Meme币Brett X账户疑似被盗并发布虚假消息，请当心风险_快讯-odaily (Dec 31)
@0xTHANKS Twitter (Dec 31)
@basedbrett Twitter (Dec 31)
@brypto93 Twitter (Dec 31)
@Cryptocraze777 Twitter (Dec 31)
@sroobie3 Twitter (Dec 31)
@notvedgpt Twitter (Dec 31)
@0xTHANKS Twitter (Dec 31)
@foochinator Twitter (Dec 31)
@foochinator Twitter (Dec 31)
@DCBA247 Twitter (Dec 31)
@foochinator Twitter (Dec 31)
@MangoToni11 Twitter (Dec 31)
@0xTHANKS Twitter (Dec 31)
@GDirschedl Twitter (Dec 31)
@And__F1 Twitter (Dec 31)
@FigManFlex Twitter (Dec 31)
@assyr1an Twitter (Dec 31)
@DrocksAlex2 Twitter (Dec 31)
@ProTheDoge Twitter (Dec 31)
@freddyfl0ater Twitter (Dec 31)
@Bigballa336501 Twitter (Dec 31)
@furieboysclub Twitter (Dec 31)
@stekisteks Twitter (Dec 31)
@JfoxCrypto_ Twitter (Dec 31)
@cryptosanthoshK Twitter (Dec 31)
@HopiumPapi Twitter (Dec 31)
@BurtsBased Twitter (Dec 31)
@bikramsmann Twitter (Dec 31)
@Polkasol Twitter (Dec 31)
@BasedBrett Twitter (Dec 31)
@hodlh1 Twitter (Dec 31)
@citurna Twitter (Dec 31)
@BurtsBased Twitter (Dec 31)
@jibleeno Twitter (Dec 31)
@lfgnftsopensea Twitter (Dec 31)
@Cryptonomnomz Twitter (Dec 31)
@DragonnSlayerr9 Twitter (Dec 31)
BASED BRETT (Dec 31)
@Bayc364 Twitter (Dec 31)
BRETT Crashes 10% After Twitter Profile Hacking Incident (Dec 31)
@BRETTSPACEs Twitter (Dec 31)
https://www.reddit.com/r/BrettOnBase/comments/1h4p4mr/brett_is_hacked_on_twitterx_follow_crashs/ (Dec 31)
@ragzyart Twitter (Dec 31)
@MattAsh520336 Twitter (Dec 31)
@dethective Twitter (Dec 31)
@EXVULSEC Twitter (Dec 31)
@NewsSenseSol Twitter (Dec 31)
@dethective Twitter (Dec 31)
@harpieio Twitter (Dec 31)
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