$SLINK’s market capitalization surged to $80 million after Shivon Zilis reposted a post containing the token’s contract address and Musk replied to it, according to monitoring cited by Lookonchain. Zilis later deleted the post, and $SLINK plunged more than 80%. More than 30 insider wallets reportedly bought in advance and quickly sold, generating over $4.7 million in profit with returns exceeding 1,200x. Many other traders suffered losses during the sharp reversal.