GTA VI leaker's crypto jumps 1,300% after strip club stunt and $1M burn

CYBERLEEK, the Solana memecoin tied to the anonymous GTA VI leaker known as CyberLeek, surged more than 1,300% in 24 hours on Sunday, Aug. 23, as its market cap soared from roughly $3 million to nearly $14 million.

CYBERLEEK weekly price. Source: CoinGecko

• The token traded around $0.018 at one point on Sunday, up roughly 1,300% over the previous 24 hours, while its market capitalization reached about $13.8 million, according to CoinGecko data.

Around $60 million worth of CYBERLEEK changed hands over the same period, more than four times the token's entire market cap.

The move is another sharp leg higher for a token that barely existed a week ago.

• CyberLeek deployed CYBERLEEK on Solana on Aug. 15, three days before the anonymous person or group began publicly releasing what appear to be clips from a playable GTA VI build, The Coinformer verified.
• By Aug. 20, PC Gamer put its market cap at only around $1.1 million.
• On Saturday morning, when CyberLeek began teasing the next leak, its market cap surged to roughly $1.5 million.

Then CyberLeek gave traders a new target.

First $3 million, then the strip club

CyberLeek's seventh apparent GTA VI leak showed protagonist Jason robbing gas stations, refueling a car and eventually walking into a strip club.

But the clip stopped there. "$3MIL MARKETCAP = STRIPCLUB," a watermark across the footage said.

The token crossed that mark later on Saturday, Aug. 22, and CyberLeek followed through by releasing another roughly two-minute video from inside the club.

The rally also pushed CYBERLEEK to a fresh all-time high of roughly $0.0197, according to CoinGecko. Its 24-hour trading volume jumped by several thousand percent from the previous day.

And unlike most memecoin marketing campaigns, this one has something traders actually seem desperate to see.

• CyberLeek has been turning unreleased GTA VI material into a kind of token-driven content machine.
• Its website lets users vote on which footage comes next by sending CYBERLEEK to dedicated wallets, with the tokens transferred for votes considered final.
• The site is now even displaying an upcoming poll labeled "Next GTA 6 Trial Build?", with options suggesting either free access or a $50 charge.
• CyberLeek hasn't explained publicly what exactly such a "trial build" would contain or whether it will actually be distributed.

Then CyberLeek burned 27% of the supply

The price frenzy came with another twist as CyberLeek burned roughly 270 million CYBERLEEK, or about 27% of the token's original 1 billion supply, in a Solana transaction on Saturday.

The burned tokens had a mark-to-market value of roughly $1 million when they were destroyed. At the current market price, the burned tokens are valued at roughly $4.5 million.

A transaction burning 270 million CYBERLEEK tokens. Source: Solscan

• CoinGecko now shows only about 730 million CYBERLEEK remaining in circulating and total supply, which lines up almost exactly with 270 million tokens being permanently removed.
• The move immediately became part of CyberLeek's growing mythology among GTA fans.

Before the burn, the roughly 270 million-token allocation was the biggest obvious concern around the coin. An earlier DeFade scan found a single wallet controlling 27% of supply, while Le Monde, citing Bubblemaps, reported that the token's deployer appeared to control roughly a quarter of the available coins.

Dumping a position that large into the market could have crushed the price. CyberLeek instead destroyed it.

That fits neatly with the group's insistence that its crypto operation is meant to fund a broader campaign against what it calls anti-consumer practices in gaming.

"This is not a cash grab," CyberLeek says on its website, claiming that funds are going toward a still-secret project. But burning $1 million worth of tokens isn't quite the same thing as setting $1 million in cash on fire.

A $1 million burn isn't $1 million in cash

The thing is that the reported $1 million figure was simply the number of tokens burned multiplied by the market price at the time. Had CyberLeek actually tried to sell 270 million tokens, there was nowhere near enough liquidity available to convert all of them at that price.

The selling itself would have driven CYBERLEEK sharply lower.

CoinGecko, for example, shows only roughly $31,000 of sell-side depth within 2% of the quoted price on CYBERLEEK's dominant Raydium market even while the token was carrying a market cap above $13 million, which makes CYBERLEEK capable of moving violently in both directions.

There is no evidence, however, that CyberLeek currently controls another similarly large hidden allocation.

Can it still rug?

Some of the more dramatic warnings around CYBERLEEK also deserve qualification. CoinGecko currently carries a RugCheck warning saying the contract creator may have powers including changing fees, disabling sells or minting additional tokens.

But other current on-chain data doesn't cleanly support all of those warnings. Trackers show that the token's mint authority and freeze authority are disabled, meaning the creator should not be able to simply print another giant batch of CYBERLEEK or freeze ordinary holders through those standard SPL-token authorities.

On-chain scanners also found that over 90% of the tracked liquidity locked at the time, although that scan is now several days old and doesn't establish that every liquidity position across every market is permanently inaccessible.

The bigger risk may be much simpler.

CYBERLEEK is a week-old memecoin whose price is being driven by attention around stolen or otherwise unauthorized footage from perhaps the most anticipated video game in years. Even without anyone deliberately pulling the rug, that demand can disappear just as quickly as it arrived.