American rapper and actor 50 Cent Not too long ago, it has been on the heart of a meme coin saga. Solana CommunityThe rapper denied selling the GUNIT meme coin and claimed that his X (previously Twitter) account was hacked by people who promote the cryptocurrency.
Hackers goal 50 Cent’s accounts selling faux cryptocurrency
50 Cent Revealed In an Instagram put up, he stated that the X account had been hacked, however denied any connection to the GUNIT meme coin that was being promoted on the X account. He added that the hacker made $300 million from the flowery rip-off. Nevertheless, Memecoin Liquidity Its market capitalization rose, nevertheless it was quickly found to be a rip-off.
Previous to 50 Cent’s revelation, many individuals had been buying and selling the GUNIT meme coin underneath the assumption that the rapper owned it. 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 crypto token noticed tens of millions of {dollars} in buying and selling quantity and rose to an all-time excessive (ATH). Market capitalization It took slightly below an hour for the rip-off to be revealed, with $6.5 million stolen.
50 Cent making a meme coin and selling it on his account A bunch of different celebrities Not too long ago, I created a meme coin and am actively selling it with X accounts, which embody: Rapper Iggy Azaleais the creator of the MOTHER meme coin, which at present has a market cap of round $57 million.
The hacker’s posts additionally appeared well-planned and convincing, with some even referencing 50 Cent’s Cognac model and others referencing latest occasions within the Solana meme coin neighborhood. Martin Shkreli’s He claims to have created the DJT meme coin, which was allegedly owned by former US President Donald Trump.
Worrying new tendencies
50 Cent is not the primary movie star to have their X-account hacked for selling a meme coin: earlier this month, wrestling legend Hulk Hogan suffered the same destiny. Claimed He didn’t make any promotional posts from his X account selling the Hulk meme coin.
Scammers are making the most of the movie star meme coin pattern by creating meme cash and falsely implying {that a} specific movie star truly created them. Whereas Donald Trump’s account was not hacked, comparable incidents have occurred. DJT Meme CoinInciting unconfirmed studies, Trump The corporate created the corporate however in the end scrapped it after it was decided that it had no ties to the previous U.S. president.
Usually, Ethereum co-founder Vitalik Buterinhas criticized the movie star meme coin pattern, calling it missing innovation and easily geared toward being profitable.
Featured picture from SecurityMadeSimple, chart from TradingView