• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
50 cent

Celebs In Crypto: 50 Cent Says X Account Was Hacked To Promote Rugged Solana Meme Coin

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

American rapper and actor 50 Cent was recently at the center of a meme coin saga on the Solana network. The rapper refuted promoting the GUNIT meme coin, claiming his X (formerly Twitter) account was hacked by individuals pushing the cryptocurrency.

Related Reading: Japanese Crypto Market Shakeup: BitFlyer Eyes Dominance With FTX Japan Buyout

Hackers Target 50 Cent’s Account To Promote Fake Crypto

50 Cent revealed in an Instagram post that his X account was hacked while denying any ties to the GUNIT meme coin, which was promoted on his X account. He added that the hacker made $300 million from this elaborate scam. However, that looks unlikely, considering the meme coin’s liquidity and market cap before it was quickly discovered as a scam. 

Before 50 Cent’s revelation, many traded the GUNIT meme coin based on the belief that it was owned by the rapper. The rapper’s X account made several promotional posts about the GUNIT meme coin, which was created through Pump.fun. The crypto token witnessed millions of dollars in trading volume and rose to an all-time high (ATH) market capitalization of $6.5 million in just under an hour before it was revealed to be a scam.

50 Cent creating the meme coin and promoting it on his account seemed like a real possibility, considering that a host of other celebrities have recently created their meme coins and actively promoted them on their X account. This includes Rapper Iggy Azalea, who created the MOTHER meme coin, which currently has a market capitalization of around $57 million. 

Total crypto market cap currently at $2.2 trillion. Chart: TradingView

The posts made by the hacker were also well-planned and looked convincing, as some referenced 50 Cent’s cognac brand. Others also alluded to the recent happenings in the Solana meme coin space, including Martin Shkreli’s alleged creation of the DJT meme coin, which was believed to have been owned by former US President Donald Trump. 

A New And Worrisome Trend

50 Cent isn’t the first celebrity to have had his X account hacked in order to promote a meme coin. Earlier this month, wrestling legend Hulk Hogan also suffered a similar fate as he claimed he didn’t make the promotional posts from his X account, which promoted the HULK meme coin. 

Related Reading: Trump Campaign Gets A Crypto Kick: $1 Million Bitcoin From Winklevoss Twins

Scammers are taking advantage of the celeb meme coin trend to create meme coins and give the false impression that a particular celebrity indeed created them. Although Donald Trump’s account wasn’t hacked, something similar happened with the DJT meme coin. It pumped on unconfirmed reports that Trump created it and eventually dumped after it was confirmed that it had no ties with the former US president. 

Generally, some, including Ethereum’s co-founder Vitalik Buterin, have criticized the celeb meme coin trend, noting how they lack innovation and are simply cash grabs. 

Featured image from SecurityMadeSimple, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

crypto

Japanese Crypto Firm SBI Loses $21 Million In Suspected North Korean Cyberattack

2 hours ago
$XRP Price Prediction: Next Crypto to Explode as Uptober Key Levels Emerge

$XRP Price Prediction: Next Crypto to Explode as Uptober Key Levels Emerge

13 hours ago
BlackRock

BlackRock’s Bitcoin Premium ETF Heads To Nasdaq In SEC Filing

16 hours ago
Best Crypto Presale Alert: Bitcoin Hyper Nears $20M as Whales Buy $365K in 4 Days

Best Crypto Presale Alert: Bitcoin Hyper Nears $20M as Whales Buy $500K in 4 Days

18 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 2)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 2)

14 hours ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (October 2)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (October 2)

14 hours ago

Premium Sponsors

Press Releases

  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    18 hours ago
  • Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As One of 2025’s Best New Crypto.

    Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As...

    23 hours ago
  • най-добрите криптовалути

    Най-добрите криптовалути за...

    2 days ago
  • As the Tapzi Fundraiser Continues to Generate Buzz, Could It Be One of This Year’s Best Crypto Presales?

    As the Tapzi Fundraiser Continues to Generate Buzz, Could...

    2 days ago
  • 距離上線僅剩3周:Snorter代幣ICO融資突破 415...

    3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.