GTA 6 leaker cashes out of his own memecoin hours before Rockstar's gameplay reveal
The individual responsible for leaking GTA 6 footage cashed out over $146,000 from a related Solana-based memecoin shortly before Rockstar Games' official gameplay reveal. The token's value plummeted following the sale, leaving thousands of investors with significant losses as the project's credibility collapsed.
Why it matters
This incident illustrates the high-risk nature of memecoin speculation and the potential for bad actors to exploit anticipation surrounding major entertainment releases.
The leaks of GTA 6 — one of the most highly anticipated games, which has spent more than a decade in development — broke the internet with the release date finally set for the end of this year. The leaked footages were watermarked with a Solana memecoin called $CYBERLEEK and overlay text reading "higher market cap = more leeks."
The token went from nothing to a market cap of roughly $25 million on Aug. 23.
On Thursday, however, the hacker appears to be jumping ship, with onchain data showing that the contract owner claimed roughly $146,000 in wrapped SOL in addition to 15.4 million tokens in creator fees, then dumped the entire allocation for about $125,000 in SOL tokens , just hours before Rockstar’s official GTA gameplay reveal .
The game is expected to be the largest in entertainment history.
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