So GIGA just had an absolutely wild day. The meme coin's market cap literally tanked from around $614 million down to $92 million in what looked like a single massive dump. Everyone in the community immediately started asking—is this a rug pull? Pump and dump? Honestly the timing was suspicious enough that people had every right to be paranoid.

Then this trader calling himself 'Still In the Game' came out and said his wallets got compromised through a fake Zoom link. He claimed that's what caused the huge GIGA selloff, not some coordinated scheme. The guy's been pretty consistent about supporting the project before, and even Murad apparently vouched for him at some point (though let's be real, Murad's own credibility is... questionable after his own drama). Whether you believe him or not, the numbers don't really add up either way—whoever sold those 85 million tokens only got $2.09 million instead of the $6 million they could've gotten if they'd been smarter about it. They basically market-dumped themselves into a loss.

The whole thing shook confidence in GIGA pretty hard. The coin recovered to around $545 million after the initial crash, but yeah, that kind of volatility is exactly why people stay paranoid about meme coins. Current market cap is sitting way lower now at $18.44M, so whatever confidence came back didn't really stick. The community's still skeptical as hell, and honestly, can you blame them?