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In a recent development, the creators of Solana-based (CRYPTO: SOL) CAT memecoin have been implicated in a hack of a crypto influencer’s account. The coin tumbled sharply in response to the controversy. What Happened: In a long thread, prominent on-chain sleuth, ZachXBT, accused the team behind the newly-launched memecoin of hacking the X account of Gigantic-Cassocked-Rebirth, popularly known as GCR, on May 26. The team allegedly manipulated its own coin launch on May 24 to gain control of over 63% of the CAT supply. They then reportedly sold over $5 million worth of the coin, with profits dis…

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