Rapper Lil Pump's latest move has left the crypto community buzzing - and skeptical. The Gucci Gang artist has launched his own Solana-based token, aptly named "Lil Pump," and flaunted a fresh "Solana" tattoo on his forehead. While some fans are eager to jump on the bandwagon, others are sounding the alarm, warning of another pump-and-dump scheme in the making.

The trend of celebrity-backed crypto projects has been gaining traction, with influencers like Caitlyn Jenner and Iggy Azalea already making their mark. However, the legitimacy of these projects is often called into question, with many ending in financial ruin for investors.

Lil Pump's move has sparked a heated debate, with some criticizing his involvement in the crypto space. Ethereum co-founder Vitalik Buterin has expressed his distaste for the celebrity memecoin trend, and many are warning investors to exercise caution when considering such projects.

As the crypto community continues to navigate this controversial trend, one thing is clear - the involvement of social figures like Lil Pump will only add fuel to the fire. Will his token be a success, or will it follow in the footsteps of other failed celebrity-backed projects? Only time will tell.