Cuba's Ministry of Foreign Affairs X account locked following accusations of promoting and rug-pulling multiple Solana-based memecoins

Speculation spread on Monday after the account appeared to promote a token called “CUBA,” leading some to believe the Cuban government was involved in the

Cuba’s Ministry of Foreign Affairs had its X account locked after allegedly promoting and rug-pulling several Solana-based memecoins.

On Monday, speculation began to swirl after the account seemingly promoted a token named “CUBA,” prompting some to believe the Cuban government was involved in the memecoin craze. Lately, there has been a lot of hype surrounding memecoins, particularly those related to Donald Trump.

The CUBA token apparently reached a market cap of $30 million before crashing. Two more tokens — called “Cuba Coin 2.0” and “Justice for Cuba Coin” — also reportedly launched and failed within 24 hours.

Screenshots circulating online also showed a token named “CUBA 4.0,” further fueling speculation that there may have been a hack involved.

Sorry from $CUBA

The Ministry’s X account briefly acknowledged “difficulties” with its page before being deleted. An X Space titled “Sorry from $CUBA,” hosted by the account, featured an apology from someone claiming to represent the Cuban government.

The host initially denied any wrongdoing but later reportedly exclaimed “Here we gooo, come on let’s go, a million MC!” before the Space was deleted, according to Protos.

DEX Screener data shows the initial CUBA token saw $158.7 million in trading volume and currently has a market cap of $2.1 million.

While the Cuban government has yet to issue an official statement, the Ministry’s X account remains disabled, leaving the situation largely unresolved.