Solana Meme Coin Advertisement Posted via 50 Cent’s Hacked Twitter

Solana Meme Coin Promoted Through 50 Cent’s Compromised Twitter Account

Solana Meme Coin– Recently, it seemed plausible that rapper 50 Cent, also known as Curtis Jackson, would use Twitter to promote his own Solana token, GUNIT, with a flurry of posts on Friday afternoon. However, the truth quickly emerged: His account had been hacked as part of a pump-and-dump scam, where millions of dollars’ worth of cryptocurrency were already spent.

In a rapid succession of tweets, 50 Cent’s hacked Twitter account began promoting GUNIT, a new Solana token launched through Pump.fun. The tweets were elaborate, referencing his cognac brand and touching on recent celebrity-driven crypto stories, such as Martin Shkreli’s purported creation of an official Donald Trump Solana token and influencer Andrew Tate’s endorsement of DADDY coin. One tweet even featured a Solana-themed meme with 50 Cent prominently featured.

While some cryptocurrency users approached the posts with cautious suspicion, the authenticity of the tweets promoting GUNIT wasn’t immediately clear either.

During this period, significant funds flowed into GUNIT. The token saw a staggering $18.6 million in trading volume, most of which occurred in just 40 minutes, causing its value to spike by 8,000% before swiftly plummeting as liquidity dried up.

Despite warning signs, the rush to invest seemed somewhat logical. Recently, celebrity-backed meme coins launched through platforms like Pump.fun have surged in value, often based primarily on the endorsement of well-known personalities. For instance, the DADDY token promoted by Andrew Tate surged from obscurity to a market capitalization of $340 million last week, while Iggy Azalea’s MOTHER token surpassed $200 million around the same time.

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