In a latest Instagram submit, American rapper Gazzy Garcia, higher referred to as Lil Pump, revealed his new brow tattoo that includes Solana.
The rapper, identified for his hit 2017 single “Gucci Gang,” shared together with his 14 million followers that he has offered his Solana tokens, captioning the submit with, “Like my new tats? I offered my SOL.”
The submit rapidly obtained over 147,000 likes and greater than 2,000 feedback, with followers expressing combined reactions to the rapper’s new stunt.
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Most feedback on the Instagram submit have been damaging, with customers questioning the authenticity of the tattoo and expressing disappointment. One follower stated, “We’d like the outdated Pump again.”
In the meantime, just a few members of the group speculated that the tattoo may doubtlessly increase Solana’s value, with one person commenting, “To the moon! Gucci achieve, Gucci achieve, Gucci achieve!”
On X, the reactions have been equally harsh. Dylan Loomer, founder of crypto prop agency Breakout Prop, stated:
Your crypto grifts are as unhealthy because the music you make. The excellent news is you might be so unhealthy at each you may’t generate income doing both. [REDACTED]
This incident emerges throughout a development of declining worth in celebrity-endorsed crypto tasks. Tokens related to former Olympian Caitlyn Jenner (JENNER) and rappers Wealthy the Child (RICH) and Iggy Azalea (MOTHER) have just lately seen value drops, falling by 4.69%, 9.11%, and 14.23%, respectively, within the final 24 hours.
Including to the frenzy, controversial web persona Andrew Tate promoted a brand new Solana-based memecoin known as Daddy Tate (DADDY) on June 11, which has elevated by practically 13% regardless of going through insider buying and selling allegations.
The rise and fall of celebrity-backed tokens have drawn criticism from distinguished figures within the crypto group. Ethereum co-founder Vitalik Buterin has voiced considerations over the craze, emphasizing that monetary tasks ought to present societal worth slightly than purely speculative ventures.
Total, Lil Pump’s newest stunt displays the affect of celebrities within the crypto market, the place hype typically results in declines.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Battle II period.With near a decade of expertise within the FinTech trade, Aaron understands all the greatest points and struggles that crypto lovers face. He’s a passionate analyst who is worried with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and trade newcomers.Aaron is the go-to individual for every thing and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to rework the house as we all know it, and make it extra approachable to finish newcomers.Aaron has been quoted by a number of established retailers, and is a broadcast creator himself. Even throughout his free time, he enjoys researching the market tendencies, and searching for the following supernova.
