Lil Pump Tattoos Solana on Forehead

He revealed a tattoo of the blockchain platform Solana (SOL) on his forehead. Alongside the image, he said that he had sold his Solana tokens, asking his 14 million followers for their opinions on his new ink. “Like my new tats? I sold my SOL,” he wrote.

Lil Pump gained fame in 2017 with his hit single “Gucci Gang,” which peaked at number three on Billboard’s Hot 100 list. This latest stunt has drawn mixed reactions from both his fans and the wider crypto community.

Mixed Reactions from Fans

As you can imagine, the Instagram community and his fans went wild. Some fans expressed disappointment, asking for the “old Pump” to be back. One user commented that they couldn’t imagine removing tattoos only to replace them with “dumber ones.”

Others were skeptical, questioning if the tattoo was even real. Part of his followers saw a potential upside, hoping the publicity might boost SOL’s price. One enthusiastic commenter wrote, “To the moon! Gucci gain, Gucci gain, Gucci gain!”

Criticism from the Crypto Community

Not everyone in the crypto world was impressed. On X (formerly Twitter), community member Trader Mayne harshly criticized Garcia’s involvement in crypto. He tweeted, “Your crypto grifts are as shitty as the music you make. The good news is you are so bad at both that you can’t make money doing either.”

The Trend of Celebrity Tokens

Garcia’s tattoo comes at a time when celebrity-backed crypto projects are facing significant downturns. As of June 6, many tokens promoted by celebrities had plummeted by at least 66%. Tokens associated with personalities like Caitlyn Jenner, rapper Rich the Kid, and Nigerian singer David Adedeji Adeleke Oon have seen substantial declines after initial success.

Even projects backed by big names like boxing legend Floyd Mayweather and rappers Moneybagg Yo (SPEAK) and Trippie Red (BANDO) are among those that have dropped by about 90%. Despite these downturns, the trend of celebrities launching their own tokens continues.

Continued Celebrity Engagement in Crypto

Another controversial social media figure, Andrew Tate, drew attention after his token release. On June 11, he promoted a Solana-based memecoin called Daddy Tate (DADDY). This token managed to surpass Iggy Azalea’s project MOTHER, despite facing accusations of insider trading. What we can conclude from this is that the celebrity influence in the crypto space remains strong.

Vitalik Buterin’s Perspective

Ethereum co-founder Vitalik Buterin has voiced his concerns regarding the rise of celebrity memecoins. He believes that financialization in the crypto world should be justified by its potential to bring real value to society. According to Buterin, this includes improving areas like healthcare or promoting art and creativity, rather than just serving as a speculative tool.

Lil Pump’s new Solana tattoo has certainly grabbed attention, sparking a debate about the role of celebrities in the crypto market. While some see it as a clever marketing move that might influence SOL’s price, others view it as another example of misguided celebrity endorsement.

This incident highlights the broader trend of celebrities entering the crypto space, often with mixed results. As the market continues to evolve, it remains to be seen whether these high-profile endorsements will bring lasting value or simply add to the hype.