SLINK plunges 97% from peak after Musk-linked surge fades

Buying piled into SLINK after Elon Musk replied to a post about the token from the hacked X account of Shivon Zilis, a Neuralink executive and former OpenAI board member, but the price later tumbled sharply, Onchain Lens reported. SLINK’s market capitalization briefly surged to around $80 million before falling to about $2 million, down more than 97% from its peak. Onchain Lens added tracked losses for four traders were about $807,000.