Suspected auction of Musk's old Instagram account, bids have reached $6,000

According to Protos, an Instagram account with the name Elon Musk is being auctioned off in a trading group on Telegram, with the highest bid currently at $6,000. The account's username has been changed eight times, and it now appears in its profile as "Tekk". The sale of the account has raised concerns that it could be used by the new owner to promote dubious meme coins.