Lil Pump Tattoos ‘Solana’ on Forehead in Token Promotion Efforts

Harvey Hunter

Last updated:

June 14, 2024 at 15:33 GMT+3

| 2 min read

American rapper Gazzy Garcia, aka Lil Pump, has sparked controversy after sharing a new tattoo of the blockchain platform Solana to promote the meme coin LILPUMP.

On June 13th, Lil Pump took to Twitter to reveal a new forehead tattoo, branding himself with the cryptocurrency “Solana” and its logo. He claimed to have sold all his Solana, adding to the absurdity of the move.

Within the tweet, Lil Pump referenced a token address linked to the recently minted token Lil Pump ($LILPUMP), which surged over 700% following the announcement, according to Dex Screener data.

He also called on the cryptocurrency exchange Binance, asking “When Binance?” This move has been interpreted as an attempt to secure a listing for the coin on major exchanges.

Lil Pump Tattoo Sparks Controversy.

On Instagram, fans expressed discontent with Lil Pump’s new tattoo. One user lamented the change, longing for the “old Pump,” while another criticized the idea of replacing existing tattoos with what they deemed “dumber ones.”

Amidst the reactions, some questioned the authenticity of the tattoo, while others speculated on its potential to boost the price of Solana. One enthusiastic commenter exclaimed, “To the moon! Gucci gain, Gucci gain, Gucci gain!”

Most notably, community members are interpreting Lil Pump’s actions as an attempt to capitalize on the current trend of celebrity-backed cryptocurrencies. This trend has faced significant issues, including allegations of rug pulls and insider trading.

Lil Pump’s promotion efforts come as most celebrity-backed crypto projects have experienced a downturn.

On June 6, many tokens released by celebrities were down by at least 66%. Tokens linked to celebrities such as Caitlyn Jenner, American rapper Rich the Kid, and Nigerian singer David Adedeji Adeleke Oon all saw decreases following initial gains.

Additionally, cryptocurrencies tied to boxing legend Floyd Mayweather, and American rappers Moneybagg Yo and Trippie Redd, among others, plummeted by approximately 90%.

Meanwhile, Ethereum co-founder Vitalik Buterin has voiced strong criticism against the celebrity-backed memecoin trend, emphasizing the need for more meaningful and impactful projects in the cryptocurrency space.

Despite these numerous failed attempts to establish memecoins...

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