American rapper Lil Pump recently shared an Instagram post featuring a tattoo of the blockchain platform Solana. The tattoo appears on his forehead, with the caption "Like my new tats? I sold my SOL." This move sparked mixed reactions from his 14 million followers.

Some fans expressed disappointment, longing for the "old Pump," while others questioned the authenticity of the tattoo. A few enthusiasts speculated that the tattoo could boost Solana's price, with one user exclaiming, "To the moon Gucci gain, Gucci gain, Gucci gain!"

On the platform X, a community member named Trader Mayne criticized Lil Pump's involvement in cryptocurrency, stating, "Your crypto grifts are as bad as your music. The good news is you are so bad at both you can’t make money doing either."

This tattoo comes amid a broader decline in celebrity-backed crypto projects. Many tokens launched by celebrities, such as Caitlyn Jenner and rapper Rich the Kid, have fallen by at least 66%. Despite these downturns, celebrities continue to promote new tokens, including Solana-based memecoins like Daddy Tate (DADDY), which outperformed a project by Iggy Azalea despite allegations of insider trading.

Ethereum co-founder Vitalik Buterin has voiced his disapproval of the celebrity-driven memecoin trend, emphasizing that financial ventures should only be justified if they contribute positively to society.