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⚠️ 50 Cent's Twitter Hacked to Promote Solana Meme Coin
With so celebrities launching their own meme coins in recent weeks, it seemed absolutely plausible that rapper 50 Cent (aka Curtis Jackson) would take to Twitter to shill his own Solana token with a flurry of posts Friday afternoon.
But within minutes, after millions of dollars’ worth of crypto was already spent, the truth emerged: His account had been hacked for a pump-and-dump scam.
In a rapid-fire string of tweets, 50 Cent’s Twitter account began making promotional posts on Friday for a new Solana token called GUNIT, launched via Pump.fun.
The posts were elaborate. Some referenced the rap icon’s cognac brand; others called out recent celebrity-related crypto narratives including Martin Shkreli’s creation of an allegedly official Donald Trump Solana token, and controversial influencer Andrew Tate’s promotion of the DADDY coin. One even featured a Solana-themed meme with 50 Cent at center.
💬 If you bought $GUNIT, then your $5,000 investment just turned into 50 cent — SphynxLabs
While some crypto users were cautiously suspicious of the posts, it wasn’t immediately certain the posts were a fake, either.
In the meantime, money poured into GUNIT’s coffers. Most of the token’s $18.6 million in total trading volume came within barely 40 minutes as it rocketed upwards some 8,000%, then plunged just as rapidly as liquidity disappeared.
Despite warning signs, the rush of investment sadly made some sense. Recently, celebrity meme coins created via Pump.fun have skyrocketed in value with little more to them than a prominent personality’s endorsement. The Tate-promoted DADDY token rose from worthlessness to a $340 million market capitalization last week; Iggy Azalea’s earlier MOTHER token crossed $200 million around the same time.
50 Cent’s Twitter account was also locked by the platform; all posts on the account are inaccessible at writing.
GUNIT continued to plummet on the revelation—though not yet to worthlessness.
$SOL #meme #sol #50cent
With so celebrities launching their own meme coins in recent weeks, it seemed absolutely plausible that rapper 50 Cent (aka Curtis Jackson) would take to Twitter to shill his own Solana token with a flurry of posts Friday afternoon.
But within minutes, after millions of dollars’ worth of crypto was already spent, the truth emerged: His account had been hacked for a pump-and-dump scam.
In a rapid-fire string of tweets, 50 Cent’s Twitter account began making promotional posts on Friday for a new Solana token called GUNIT, launched via Pump.fun.
The posts were elaborate. Some referenced the rap icon’s cognac brand; others called out recent celebrity-related crypto narratives including Martin Shkreli’s creation of an allegedly official Donald Trump Solana token, and controversial influencer Andrew Tate’s promotion of the DADDY coin. One even featured a Solana-themed meme with 50 Cent at center.
💬 If you bought $GUNIT, then your $5,000 investment just turned into 50 cent — SphynxLabs
While some crypto users were cautiously suspicious of the posts, it wasn’t immediately certain the posts were a fake, either.
In the meantime, money poured into GUNIT’s coffers. Most of the token’s $18.6 million in total trading volume came within barely 40 minutes as it rocketed upwards some 8,000%, then plunged just as rapidly as liquidity disappeared.
Despite warning signs, the rush of investment sadly made some sense. Recently, celebrity meme coins created via Pump.fun have skyrocketed in value with little more to them than a prominent personality’s endorsement. The Tate-promoted DADDY token rose from worthlessness to a $340 million market capitalization last week; Iggy Azalea’s earlier MOTHER token crossed $200 million around the same time.
50 Cent’s Twitter account was also locked by the platform; all posts on the account are inaccessible at writing.
GUNIT continued to plummet on the revelation—though not yet to worthlessness.
$SOL #meme #sol #50cent
50 Cent Denies Involvement in Alleged $300 Million Crypto Scam
Rapper 50 Cent, whose real name is Curtis James Jackson III, is facing accusations of involvement in a cryptocurrency scam that allegedly defrauded users of $300 million in just 30 minutes.
Hacked Account, Promoted Scam Coin?
50 Cent took to his Instagram account on Friday, June 21st, to vehemently deny any association with the scam. He claims his social media platform, including his website Thisis50.com, was hacked. The hackers then allegedly used his accounts to promote a cryptocurrency called GUNIT.
Rapid Rug Pull
According to reports, shortly after the promotion, the price of GUNIT skyrocketed, attracting new investors. However, in a classic "rug pull" maneuver, the scammers quickly withdrew all the liquidity from the project, leaving investors with worthless tokens.
50 Cent Fights Back
50 Cent maintains his innocence and insists he had no knowledge of the GUNIT promotion. He claims to have regained control of his accounts and is cooperating with the authorities to investigate the hacking incident.
Unanswered Questions
While 50 Cent denies involvement, some questions remain unanswered. The ease with which the hackers allegedly accessed his accounts raises concerns about his cybersecurity measures. Additionally, the swiftness of the scam suggests a level of planning that may be difficult to reconcile with a random hacking event.
Authorities Investigate
Law enforcement is likely to play a crucial role in determining the truth behind the allegations. Authorities will need to investigate the hacking claims and trace the movement of funds associated with the GUNIT token.
A Cautionary Tale
This incident serves as a stark reminder of the dangers associated with investing in unregulated cryptocurrency projects, especially those promoted by celebrities. It's crucial to conduct thorough research before investing in any cryptocurrency and to be wary of sudden price surges or endorsements from unknown sources.
#GUNIT #50cent #Scamalert #Rugpull #writetoearn
Hacked Account, Promoted Scam Coin?
50 Cent took to his Instagram account on Friday, June 21st, to vehemently deny any association with the scam. He claims his social media platform, including his website Thisis50.com, was hacked. The hackers then allegedly used his accounts to promote a cryptocurrency called GUNIT.
Rapid Rug Pull
According to reports, shortly after the promotion, the price of GUNIT skyrocketed, attracting new investors. However, in a classic "rug pull" maneuver, the scammers quickly withdrew all the liquidity from the project, leaving investors with worthless tokens.
50 Cent Fights Back
50 Cent maintains his innocence and insists he had no knowledge of the GUNIT promotion. He claims to have regained control of his accounts and is cooperating with the authorities to investigate the hacking incident.
Unanswered Questions
While 50 Cent denies involvement, some questions remain unanswered. The ease with which the hackers allegedly accessed his accounts raises concerns about his cybersecurity measures. Additionally, the swiftness of the scam suggests a level of planning that may be difficult to reconcile with a random hacking event.
Authorities Investigate
Law enforcement is likely to play a crucial role in determining the truth behind the allegations. Authorities will need to investigate the hacking claims and trace the movement of funds associated with the GUNIT token.
A Cautionary Tale
This incident serves as a stark reminder of the dangers associated with investing in unregulated cryptocurrency projects, especially those promoted by celebrities. It's crucial to conduct thorough research before investing in any cryptocurrency and to be wary of sudden price surges or endorsements from unknown sources.
#GUNIT #50cent #Scamalert #Rugpull #writetoearn
