According to The Block, the official X account of the iconic heavy metal band Metallica in the United States appears to have been hacked to promote a Solana token named METAL. The token was deployed through pump.fun and claimed to be in partnership with Ticketmaster, although Ticketmaster has not made any official statements. All posts mentioning the token have been deleted.
Keith A. Grossman, the CEO of MoonPay, posted on Metallica's X account to alert users and stated that MoonPay does not support the $METAL token on Solana. This incident led to a brief surge followed by a sharp drop of approximately 90% in the price of the METAL token, reducing its market value to around 43 thousand dollars. The specific reasons for this event are currently unclear.