He revealed a tattoo of the blockchain platform Solana (SOL) on his brow. Alongside the picture, he mentioned that he had bought his Solana tokens, asking his 14 million followers for his or her opinions on his new ink. “Like my new tats? I bought my SOL,” he wrote.
Lil Pump gained fame in 2017 along with his hit single “Gucci Gang,” which peaked at quantity three on Billboard’s Sizzling 100 checklist. This newest stunt has drawn combined reactions from each his followers and the broader crypto neighborhood.
Combined Reactions from Followers
As you possibly can think about, the Instagram neighborhood and his followers went wild. Some followers expressed disappointment, asking for the “previous Pump” to be again. One person commented that they couldn’t think about eradicating tattoos solely to switch them with “dumber ones.”
Others had been skeptical, questioning if the tattoo was even actual. A part of his followers noticed a possible upside, hoping the publicity may increase SOL’s value. One enthusiastic commenter wrote, “To the moon! Gucci achieve, Gucci achieve, Gucci achieve!”
Criticism from the Crypto Neighborhood
Not everybody within the crypto world was impressed. On X (previously Twitter), neighborhood member Dealer Mayne harshly criticized Garcia’s involvement in crypto. He tweeted, “Your crypto grifts are as shitty because the music you make. The excellent news is you might be so dangerous at each you can’t earn money doing both.”
The Pattern of Superstar Tokens
Garcia’s tattoo comes at a time when celebrity-backed crypto tasks are going through vital downturns. As of June 6, many tokens promoted by celebrities had plummeted by at the very least 66%. Tokens related to personalities like Caitlyn Jenner, rapper Wealthy the Child, and Nigerian singer David Adedeji Adeleke Oon have seen substantial declines after preliminary success.
Even tasks backed by huge names like boxing legend Floyd Mayweather and rappers Moneybagg Yo (SPEAK) and Trippie Pink (BANDO) are amongst those who have dropped by about 90%. Regardless of these downturns, the pattern of celebrities launching their very own tokens continues.
Continued Superstar Engagement in Crypto
One other controversial social media determine, Andrew Tate, drew consideration after his token launch. On June 11, he promoted a Solana-based memecoin known as Daddy Tate (DADDY). This token managed to surpass Iggy Azalea’s undertaking MOTHER, regardless of going through accusations of insider buying and selling. What we are able to conclude from that is that the celeb affect within the crypto house stays sturdy.
Vitalik Buterin’s Perspective
Ethereum co-founder Vitalik Buterin has voiced his considerations concerning the rise of celeb memecoins. He believes that financialization within the crypto world must be justified by its potential to carry actual worth to society. In accordance with Buterin, this contains bettering areas like healthcare or selling artwork and creativity, quite than simply serving as a speculative software.
Lil Pump’s new Solana tattoo has definitely grabbed consideration, sparking a debate in regards to the position of celebrities within the crypto market. Whereas some see it as a intelligent advertising and marketing transfer that may affect SOL’s value, others view it as one other instance of misguided celeb endorsement.
This incident highlights the broader pattern of celebrities coming into the crypto house, usually with combined outcomes. Because the market continues to evolve, it stays to be seen whether or not these high-profile endorsements will carry lasting worth or just add to the hype.