Bad actors have strengthened their penetration in crypto with the involvement of social media as their marketing tool. Most recently, it has been reported that a Solana-based memecoin was promoted from the official Instagram account of DIOR.
As per DIOR’s website, it is a French brand that sells cosmetic clothing and other beauty and non-beauty products, on February 19, 2025, the official Instagram handle of DIOR made a post promoting a memecoin named a ‘DIOR COIN.’
Is the DIOR account still with hackers?
When writing, there were no such posts available on the DIOR account, which indicates that with the help of experts, the company has succeeded in recovering its Instagram account.
The majority of the time, it has been noted that social media accounts of known personalities, companies, or others are hacked to promote a scam to fool millions of people in minutes.
According to available data after the promotional post from DIOR’s account, the prices of the reported fake DIOR coin grew to an impressive height with around $1 million in trading volume.
When writing, a DIOR coin was trading at $0.056688 with a decline of 89 percent, which used Pump(dot)fun for its development and deployment. Several reports note that an unusual spike has been observed in the launch of memecoin projects.
After the sudden decline of prices following the deletion of the post and account recovery by the DIOR team, the fake DIOR token fell more than 900 percent; it is worth noting that there are still over 800 traders holding this memecoin.
The information provided by the developer of DIOR Coin states “DiorCoin is here to shake up the crypto world! This exclusive token launched on Pumpfun, brings a touch of luxury to the digital space. It’s not about shopping for Dior, but about owning a piece of the future in style.”
Crypto market price update
The crypto market capitalization has reached $3.15 trillion with a decline of 0.95% and the trading volume was $103.26 billion with a growth of 28%. The prices of Bitcoin continued to depreciate, and when writing it was exchanging hands at $96,302.
Every year 1000s of projects debut on the market but very few stay for the long term; in the past 24 hours Berachain, Aptos, Sonic, Litecoin, and Bittensor are at the top of the loser list.
USDT stands at the top of the list among all stablecoins; it has a market capitalization of $141.71 billion, followed by USDC, DAI, Usual USD, and a few others. Basic Cash has the lowest market cap of $81,900, followed by IDRX, Empty Set Dollar, Prisma mkUSD, and Edelcoin.
Memecoin’s market cap is $67.14 billion, which grew over 10% over the past 24 hours and official Trump with Doge, SHIB, Pepe, and Bonk.
