In a recent Instagram post, American rapper Gazzy Garcia, better known as Lil Pump, revealed his new forehead tattoo featuring Solana.
The rapper, known for his hit 2017 single "Gucci Gang," shared with his 14 million followers that he has sold his Solana tokens, captioning the post with, "Like my new tats? I sold my SOL."
The post quickly received over 147,000 likes and more than 2,000 comments, with fans expressing mixed reactions to the rapper's new stunt.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
5 Best Crypto Portfolio Diversification Strategies (Animated Explanation)
Most comments on the Instagram post were negative, with users questioning the authenticity of the tattoo and expressing disappointment. One follower said, "We need the old Pump back."
Meanwhile, a few members of the community speculated that the tattoo could potentially boost Solana's price, with one user commenting, "To the moon! Gucci gain, Gucci gain, Gucci gain!"
On X, the reactions were similarly harsh. Dylan Loomer, founder of crypto prop firm Breakout Prop, said:
Your crypto grifts are as bad as the music you make. The good news is you are so bad at both you can't make money doing either. [REDACTED]
This incident emerges during a trend of declining value in celebrity-endorsed crypto projects. Tokens associated with former Olympian Caitlyn Jenner (JENNER) and rappers Rich the Kid (RICH) and Iggy Azalea (MOTHER) have recently seen price drops, falling by 4.69%, 9.11%, and 14.23%, respectively, in the last 24 hours.
Adding to the frenzy, controversial internet personality Andrew Tate promoted a new Solana-based memecoin called Daddy Tate (DADDY) on June 11, which has increased by nearly 13% despite facing insider trading allegations.
The rise and fall of celebrity-backed tokens have drawn criticism from prominent figures in the crypto community. Ethereum co-founder Vitalik Buterin has voiced concerns over the craze, emphasizing that financial projects should provide societal value rather than purely speculative ventures.
Overall, Lil Pump's latest stunt reflects the influence of celebrities in the crypto market, where hype often leads to declines.
