The cryptocurrency market has witnessed some strange occurrences, yet even it seems hard-pressed to find an episode as genuinely surreal as the one involving the meme coin STONKS in January 2025. A shout-out from the official X (formerly Twitter) account of the Nasdaq stock exchange sent the token’s market value rocketing to a staggering $80 million. But this weirdness was just getting started, as it turned out that the Nasdaq’s X account had been hacked. After this calamitous event, STONKS plummeted to earth and very nearly suffered a total loss of its market value. The STONKS community wouldn’t let the
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