Lil Pump Gets Solana Tattooed on Forehead as Part of Promotional Campaign

Lil Pump Makes Bold Move with ‘Solana’ Forehead Tattoo to Promote LILPUMP Coin
American rapper Gazzy Garcia, known as Lil Pump, has caused a stir by unveiling a new tattoo on his forehead featuring the blockchain platform Solana, in an effort to promote the meme coin LILPUMP.
On June 13th, Lil Pump took to Twitter to showcase his latest tattoo, showcasing the cryptocurrency “Solana” along with its logo. He went on to announce that he had sold all his Solana holdings, adding a touch of absurdity to the whole situation.
In the tweet, Lil Pump included a token address associated with the newly created Lil Pump token ($LILPUMP), which saw a remarkable 700% surge in value following the announcement, as per data from Dex Screener.
In addition, he reached out to the cryptocurrency exchange Binance, inquiring “When Binance?” This move has been seen as a strategic move to secure a listing for the coin on major exchanges.
Controversy Surrounding Lil Pump’s Tattoo
Fans took to Instagram to express their discontent with Lil Pump’s latest tattoo. Some fans lamented the change, missing the “old Pump,” while others criticized the idea of replacing existing tattoos with what they considered to be “dumber” ones.
Reactions varied, with some questioning the authenticity of the tattoo, while others speculated on its potential to drive up the price of Solana. One enthusiastic commenter even exclaimed, “To the moon! Gucci gain, Gucci gain, Gucci gain!”
Many community members view Lil Pump’s actions as an attempt to capitalize on the growing trend of celebrity-backed cryptocurrencies, despite the challenges this trend has faced, including accusations of rug pulls and insider trading.
Lil Pump’s promotional efforts come at a time when most celebrity-backed crypto projects are facing a downturn.
On June 6, several tokens associated with celebrities experienced significant drops in value, with some plunging by at least 66%. Tokens tied to celebrities like Caitlyn Jenner, rapper Rich the Kid, and Nigerian singer David Adedeji Adeleke Oon all suffered losses after initial gains.
Moreover, cryptocurrencies linked to boxing legend Floyd Mayweather, rappers Moneybagg Yo and Trippie Redd, among others, saw steep declines of around 90%.
Meanwhile, Ethereum co-founder Vitalik Buterin has been vocal in criticizing the trend of celebrity-backed memecoins, emphasizing the need for more meaningful and impactful projects in the cryptocurrency space.
Despite the string of failed attempts to establish lasting memecoins, celebrities continue to release more tokens.
Insider Allegations Surround Celebrity-Backed Memecoins
On June 11, controversial social media personality Andrew Tate promoted a Solana-based memecoin named Daddy Tate (DADDY). The token surpassed Iggy Azalea’s project, despite facing insider trading accusations.
Crypto analytics firm Bubblemaps raised concerns about Tate’s promoted token, claiming to have detected significant insider activity on June 12th.
The firm revealed that 11 wallets purchased 20% of the DADDY token supply on June 9th, prior to Tate’s initial post, which would now be valued at approximately $61.4 million.
All these wallets were funded through Binance and had received “nearly identical amounts at the same time.” Bubblemaps stated that it couldn’t confirm if the wallets were linked, but noted that the timing and amounts strongly suggested a connection.
In May, the analytics firm made similar insider trading allegations against MOTHER, suggesting that insiders had acquired 20% of its supply at launch before Azalea promoted the token.
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