American rapper Lil Pump, also known as Gazzy Garcia, recently took to Instagram to showcase what appears to be a tattoo of the Solana blockchain platform. In his post, Garcia revealed that he had already sold his SOL tokens and asked his 14 million followers if they liked his new ink. “Like my new tats? I sold my SOL,” he captioned the post.
Garcia, famous for his hit single “Gucci Gang” in 2017, received mixed reactions from fans regarding his tattoo. Some expressed nostalgia for the “old pump,” while others criticized the decision to replace existing tattoos with new ones.
Despite the controversy, some fans speculated on the authenticity of the tattoo and its potential to boost SOL’s price. One enthusiastic supporter exclaimed, “To the moon! Gucci Gang, Gucci Gang, Gucci Gang!”
However, not everyone was impressed with Garcia’s venture into the crypto world. Community member Trader Mayne took a swipe at Garcia’s crypto pursuits, questioning his abilities to succeed in both music and cryptocurrency.
This tattoo reveal comes at a time when many celebrity-backed crypto projects are facing a decline. Tokens associated with Caitlyn Jenner, Rich the Kid, and Davido have all seen significant drops in value. Similarly, coins linked to Floyd Mayweather, Moneybagg Yo, and Trippie Red have experienced substantial losses.
Despite the setbacks, celebrities continue to launch new tokens. Andrew Tate recently promoted a Solana-based memecoin named Daddy Tate, which surpassed Iggy Azalea’s project despite allegations of insider trading.
In contrast, Ethereum co-founder Vitalik Buterin expressed concerns over the celebrity memecoin trend, emphasizing the importance of bringing value to society through financialization. He believes that initiatives should focus on improving healthcare and promoting art and creativity.
As the world of celebrity tokens faces challenges, it is clear that the crypto market remains unpredictable and volatile.