Aubrey Drake Graham, the Canadian rapper, singer, and songwriter widely known as Drake, encountered a breach of his X account over the weekend. The attacker seized the opportunity to pitch the newly minted meme coin to Drake’s 39 million followers on the platform. Dubbed $ANITA, the coin draws inspiration from Drake’s Anita Max Wynn Tour, tying its name to Drake’s recent ventures.

The rapper’s X account posted a message from the Anita X account claiming the coin was created by “Drake and Stake.” Stake refers to the cryptocurrency betting platform Drake partnered with back in 2022. Initially, the coin saw a quick spike in value before crashing just as fast, once people realized neither Drake nor Stake were actually connected to the $ANITA token.

Despite the fallout, the token still managed to generate $4.9 million in trading volume and over 7,000 buy orders. By Sunday, Dec. 15, 2024, $ANITA’s market cap had dropped to a paltry $12,000. The posts on Drake’s X account were taken down after onchain detectives like Zachxbt and others revealed the posts were likely fraudulent, calling out $ANITA as a scam. Drake’s situation isn’t unique—his is just the latest in a string of celebrity hacks this year, where compromised X accounts are used to hype up newly launched meme coins.

Famous X accounts belonging to Hulk Hogan, 50 Cent, Doja Cat, and Caitlyn Jenner have also been breached to promote questionable meme coins. These incidents, including Drake’s hack, reflect an ongoing pattern where hackers hijack celebrity accounts to lend credibility to shady schemes, often causing temporary price spikes for the coins they push.

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