According to Crypto Rover, last month the official Nasdaq Twitter account posted about the meme coin $STONKS, causing initial interest. However, after Nasdaq deleted the tweet, the token's value plummeted to zero. The $STONKS community, led by @Stonks_DM, is now taking over the token to potentially revive its value. Traders should watch community actions for any positive impact on the token's price.

According to Ai 姨, $STONKS confirmed a Twitter account hack which led to its market value plummeting from $84.25 million to around $100. However, buying activity resumed in the afternoon, marking the beginning of the CTO's second phase. The market value climbed back to $19.5 million, with significant purchases made by top three whales at a low of $0.01473 in the past three hours.