Typo in bounty tattoo sparks $600,000 Solana memecoin

A misspelled token ticker tattooed on a user's forehead has turned into a tradable Solana memecoin worth more than $600,000. The incident stems from a new bounty feature on the Pump.fun platform.

A user posting as Arivu completed a Pump.fun GO bounty last week by tattooing the misspelled ticker “$boutywork” on his forehead and sharing video proof. He stated that he followed the instructions exactly as posted and wrote on X that he had given his life for the task. The typo itself became a market asset. A Solana token with the ticker BOUTYWORK launched on PumpSwap and reached a market cap above $600,000, with more than $3.5 million in 24-hour trading volume, 2,630 holders and roughly $43,000 in liquidity. Arivu later said he received $20,000 from trading fees tied to a related token. Pump.fun GO, announced last week, lets users create bounties for almost any task. Other active bounties included challenges such as eating watermelon in under 60 seconds, interviewing homeless people on camera in Los Angeles and shaving one's head while shouting a token name. The platform said it maintains an active moderation team that removes dark or malicious content.

Makala yanayohusiana

Illustration of a hacked Polymarket wallet showing $520,000 being drained on the Polygon blockchain.
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Polymarket internal wallet drained of over $500,000

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A private key compromise led to a drain of more than $520,000 from a Polymarket-linked wallet on the Polygon blockchain on May 22. The prediction market platform confirmed that user funds and core contracts remained unaffected.

Pump.fun generated $124.7 million in revenue during the first quarter, representing more than a third of Solana's total app revenue. This performance came even as memecoin trading declined across the network.

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The Bonk DAO wallet on Solana was drained of roughly 20 million dollars worth of tokens in a malicious governance attack. The price of BONK fell about 7 percent following the incident.

Hyperliquid's token price crossed $50 this week, driven by early inflows into new spot HYPE exchange-traded funds that outpaced Bitcoin products on an adjusted basis.

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Ondo’s Short-Term US Treasuries Fund has grown to 407.24 million dollars in assets. The product offers a 3.45 percent APY and operates across multiple blockchains. It remains restricted to accredited investors.

Thorchain suspended trading for about 12 hours after blockchain researcher ZachXBT flagged a suspected $10 million exploit across multiple networks. The liquidity protocol took the action following the alert on a potential breach. Its native RUNE token fell by double digits in response.

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Solana-based decentralized exchange Orca has rolled out permissioned pools that let approved investors trade regulated tokenized assets onchain. The first asset to use the system is Streamex's gold-linked security GLDY.

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