American rapper and actor 50 factors Just lately on the middle of a meme coin saga Solana Community. 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 submit 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 via the frilly 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 in regards to the GUNIT meme coin, which was created by way of Pump.enjoyable. The cryptocurrency’s buying and selling quantity hits thousands and thousands of {dollars} and rises to new all-time highs (ATH) Market worth 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 as if an actual chance, contemplating Hosts from different celebrities Just 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 had been additionally rigorously curated and appeared convincing, with some mentioning 50 Cent’s cognac model. Others have additionally talked about current 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 development
50 Cent isn’t the primary superstar to have his X account hacked to be able to promote meme cash. Earlier this month, wrestling legend Hulk Hogan suffered an analogous destiny. declare He didn’t submit promotional posts via his X account, which promoted the HULK meme coin.
Scammers are capitalizing on the superstar meme coin development by creating meme cash and giving the misunderstanding that the cash had been truly created by a celeb. Though Donald Trump’s account was not hacked, one thing comparable occurred in DJT similar angle. It based mostly its propaganda on unconfirmed studies trump card It was created and ultimately 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 development of superstar meme cash, stating that they lack innovation and are simply cash grabs.
Featured picture from SecurityMadeSimple, chart from TradingView
