Solana-Related Token Promoted After Eric Semler’s X Account Hack.

Semler Scientific Chairman’s X Account Hacked, Promotes New Solana Token Amid Price Surge and Collapse

Eric Semler, chairman of Semler Scientific, appears to have experienced a hack of his X account, which was used to promote the launch of a new token on the Solana blockchain, under the ticker symbol SMLR—matching the Nasdaq listing for the company.

The compromised account shared posts claiming that the token was designed to offer “institutional-grade Bitcoin exposure” while benefiting from the “high-performance ecosystem, deep liquidity, and low fees” of Solana. Other posts indicated that a large portion of the token’s supply had been moved to leading cryptocurrency exchanges.

The newly launched token, trading on the Solana-based decentralized exchange Raydium under the symbol SMLR, saw a massive initial surge of 300%. However, its price rapidly plummeted, falling 77% from its peak, according to DEXScreener data.

CoinDesk has contacted Semler Scientific for a comment on the situation.