In a stunning twist that captured the eye of each the music and cryptocurrency world, SoundCloud rapper Lil Pump added a brand new piece of ink to his iconic assortment. Pump’s latest physique artwork options the Solana (SOL) brand together with “Solana” printed throughout his brow. Identified for his hit “Gucci Gang” and in depth social media affect, Lil Pump has sparked widespread hypothesis about potential ventures into the crypto area, together with rumors of a Solana-based meme coin.
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Solana is a layer-1 blockchain, usually lauded for its excessive transaction pace and low charges, making it a positive platform for launching meme cash.
Lil Pump introduced his tattoo in a now-deleted Instagram submit captioned, “Acquired a brand new face tat what do u suppose?” Reactions from his followers have been blended. One critic commented, “I imply he cannot get any worse-looking at this level. Why do not these guys truly rent good artists for his or her face tats?”
Though Pump’s longtime followers weren’t keen on his Solana tattoo, the crypto group’s take was completely different — they have been ready to leap at any celebrity-promoted cryptocurrency. The meme coin trade, particularly, carefully follows updates surrounding potential token launches from Pump.
Lil Pump’s viral Solana tattoo stunt aligns together with his flamboyant fashion and the rising pattern of celebrity-endorsed cryptocurrencies. Excessive-profile people with “cultlike” followings have large potential on this area.
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Many celebrities have had multimillion greenback token launches by integrating their model with the meme coin narrative. Whereas the thought of a Lil Pump-endorsed meme coin is fascinating, a meme coin launched with minimal utility faces its personal set of challenges. Earlier movie star tokens have confirmed to be risky with a monumental long-term danger.
Latest, common celebrity-launched tokens embrace:
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“JENNER” by Caitlyn Jenner (rallied to a $43 million market cap earlier than plummeting to $7 million)
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“MOTHER” by Iggy Azalea (exploded to a $300 million market cap, subsequently declining to $187 million)
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“RICH” by Wealthy The Child (reached a $5.3 million market cap, later dropping to a few hundred thousand)
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“TOPG” by Andrew Tate (climbed to a $6.5 million market cap, falling to $550,000)
Almost all of those tokens exhibited spectacular rallies adopted by sharp sell-offs, which made folks extra hesitant about celebrity-backed tokens.
Well-known influencers have an simple potential for manipulating crypto market costs. Most notably, Tesla CEO Elon Musk showcased movie star affect on crypto. Musk largely contributed to the success of Dogecoin (DOGE) — catalyzing one of the vital iconic pumps in crypto historical past.
As an alternative of launching a meme coin like different celebs, Pump is publicizing his dedication to Solana, the third-largest blockchain behind Bitcoin (BTC) and Ethereum (ETH). This dedication is extra carefully associated to Musk’s promotion of DOGE, on a a lot smaller viewers scale. Pump’s public show of help for Solana may expedite the popularity and adoption of Solana in mainstream tradition.
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This text Ink And Innovation: Lil Pump’s Solana Tattoo Highlights Celebrities’ Rising Affect In Crypto initially appeared on Benzinga.com
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