On December 20, 2024, Vivek Ramaswamy’s hacked account spread false news claiming a partnership between DOGE and USUAL. This led to USUAL’s price peak at 1.62 USD before falling to 1.42 USD, demonstrating the volatile nature of cryptocurrency markets.
After reporting of the account hack, Ramaswamy clarified the false claims. Following his statement, USUAL still maintained a 23.4% increase over 24 hours. This incident reveals significant vulnerabilities in the cryptocurrency market and the effect of misinformation.