The “WIZ” memecoin, promoted after Wiz Khalifa‘s X account was hacked, was launched on the Solana-based memecoin platform pump.fun. Within the first 15 minutes after launch, the value of WIZ coin surged to $3.4 million, only to plummet within an hour, dropping its market cap below $28,000. According to DEX Screener data, WIZ coin is currently trading at a value of $8,400.

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Solscan data shows that the top two wallets bought approximately 155 million WIZ coins at launch for around $19,100 and sold them for a combined profit of $160,000.

While the identity of the individual responsible for hacking Khalifa‘s account or the method used remains unconfirmed, independent blockchain investigator ZachXBT claims that the same hacker took over the account of Truth Terminal developer Andy Ayrey on October 29.

In a public Telegram group message on November 3, Zach warned, “Do not buy Wiz Khalifa’s Pump Fun [token]; it’s the same hacker who recently compromised Andy Ayrey’s account.”

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