An unknown hacker hacked the official X-account of the Nasdaq exchange to promote the fraudulent STONKS meme token, which copies the name of the original Solana-based coin. This is reported by The Block.

First, the attacker renamed the fake page to a branch of Nasdaq, posted an advertisement for the meme coin he had just released, and retweeted it to the real exchange account.

According to DEXscreener, the market capitalization of the fake STONKS coin rose to $80 million, but soon after it collapsed.

At the time of writing, the tweet has been deleted and fake accounts have been blocked.

Recall that since the beginning of 2025, a number of cryptocurrency and venture projects have already been hacked from hacking X-accounts to promote fake memecoins. These include the pages of Litecoin, the Foresight Ventures foundation, and LayerZero Labs CTO Ryan Zarik.