In a surprising turn of events, American rapper 50 Cent caused a significant stir in the cryptocurrency market with a tweet about GUNIT tokens. The tweet, which included a link to a pump fun scheme, resulted in a dramatic surge in the market value of GUNIT tokens. Within just half an hour, the market value skyrocketed to over $8 million.
The Tweet and Its Immediate Impact
50 Cent, known for his influential presence on social media, posted a tweet promoting GUNIT tokens. The tweet quickly gained traction, leading to a frenzy among his followers and the wider crypto community. The rapid increase in demand caused the market value of GUNIT tokens to soar, hitting an impressive $8 million mark in a very short span of time.
The Retraction and Hack Claim
However, the excitement was short-lived. 50 Cent soon deleted the tweet and took to Instagram to clarify the situation. In his Instagram post, he claimed that his Twitter account had been hacked and that the hacker was responsible for the promotion of the GUNIT tokens. He assured his followers that he had no involvement in the token promotion and apologized for any confusion caused.
Instagram Statement: 50 Cent’s Instagram Post
Market Reactions and Implications
The incident had significant implications for the GUNIT token market. Following the deletion of the tweet and 50 Cent’s clarification, the market value of GUNIT tokens experienced a sharp decline as investors rushed to sell off their holdings. This incident underscores the volatile nature of the cryptocurrency market and the impact that influential figures can have on market dynamics.
The episode serves as a reminder of the unpredictable nature of the cryptocurrency market and the profound influence that celebrities can exert through social media. As the crypto space continues to evolve, both investors and influencers must exercise caution to avoid unintended consequences.