American rapper and actor 50 points Lately on the heart of a meme coin saga Solana Network. The rapper refuted claims of selling the GUNIT meme coin, claiming that his X (previously Twitter) account was hacked by a person selling the cryptocurrency.
Hackers Goal 50 Cent’s Account to Promote Pretend Cryptocurrencies
50 factors disclose In a publish on Instagram, his X account was hacked whereas denying any connection to the GUNIT meme coin promoted on his X account. He added that the hackers made $300 million by the flowery rip-off. Nevertheless, given this, it appears unlikely that Meme coin liquidity and market capitalization, and was rapidly found to be a rip-off.
Earlier than 50 Cent’s publicity, many individuals traded the GUNIT Meme coin as a result of they believed it was owned by the rapper. The rapper’s X account made a number of promotional posts concerning the GUNIT meme coin, which was created through Pump.enjoyable. The cryptocurrency’s buying and selling quantity hits tens of millions of {dollars} and rises to new all-time highs (ATH) Market value Scammed out of $6.5 million in lower than an hour earlier than it was revealed to be a rip-off.
50 Cent creating the meme coin and selling it on his account looks like an actual chance, contemplating Hosts from other celebrities Lately created their meme cash and actively promote them on their X account. This consists of Rapper Iggy Azaleahe created the MOTHER meme coin, which presently has a market worth of roughly $57 million.
The hacker’s posts have been additionally rigorously curated and regarded convincing, with some mentioning 50 Cent’s cognac model. Others have additionally talked about latest happenings within the Solana meme coin area, together with Martin Shkreli allegedly created the DJT meme coin, which is believed to be owned by former US President Donald Trump.
A worrying new pattern
50 Cent shouldn’t be the primary celeb to have his X account hacked so as to promote meme cash. Earlier this month, wrestling legend Hulk Hogan suffered an analogous destiny. claim He didn’t publish promotional posts by his X account, which promoted the HULK meme coin.
Scammers are capitalizing on the celeb meme coin pattern by creating meme cash and giving the misunderstanding that the cash have been truly created by a celeb. Though Donald Trump’s account was not hacked, one thing related occurred in DJT same angle. It primarily based its propaganda on unconfirmed experiences trump card It was created and finally deserted after it was confirmed that it had no connection to the previous US president.
Usually talking, there are some, together with Vitalik Buterin, co-founder of Ethereumcriticized the pattern of celeb meme cash, stating that they lack innovation and are simply cash grabs.
Featured picture from SecurityMadeSimple, chart from TradingView
