Wall Street Memes Plummets 35% as Hacker Sells Over 368M Tokens

• WSM hacker responsible for token’s massive drop in the past 24 hours. 
• The hacker has sold over 368 million WSM worth around $3.3 million since the attack. 
• Wallet addresses linked to the hacker still hold 396.2 million tokens.

Blockchain analytics platform Spot On Chain has linked the recent drop in Wall Street Memes’ (WSM) price to the activities of the hacker who made away with a significant amount of the tokens following an attack on Thursday. 

In a recent post on X (formerly Twitter), the analytics platform noted that the hacker had started selling the tokens for Ether on Uniswap and MEXC. So far, the hacker has sold over 368 million WSM worth around $3.3 million in the hours since the exploit. 

As a result of the massive dump, the token fell nearly 35% in the last 24 hours, as at the time Spot On Chain’s report was made. At the time of press, the WSM had made a slight recovery but was still down 22.96% in the past 24 hours, according to data from CoinMarketCap.

Following yesterday’s attack, the WSM project team disclosed they had moved to block the hacker’s activities. In an update posted on X yesterday, the team said it had withdrawn the …

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