Eric Semler’s X Account Hacked, Promotes New Solana Token SMLR

The X account of Semler Scientific chairman Eric Semler has been compromised. Key points include:

  • Posts indicate the creation of a Solana-based token using the same trading symbol as Semler at Nasdaq.
  • The token aims to provide "institutional-grade Bitcoin exposure" on Solana.
  • A significant amount of the token's supply has been transferred to major cryptocurrency exchanges.
  • The newly launched token, SMLR, initially surged 300% after launch but has since dropped 77% from its peak.

Current data shows a substantial decline in the token's value, according to DEXScreener.