Solana Meme Coin Pumps—Then Dumps—After Promotor Climbs Hollywood Mark

On Saturday, a man waving a flag in support of the Solana meme coin Vigilante (VIGI ) climbed the iconic Hollywood sign. Following his action, the token pumped to a$ 3.85 million market cap, before tumbling 69 % to approximately$ 1 million.

The unidentified man waved a white flag atop the D of the signal for about an hour before being coaxed down by area soldiers and law enforcement, according to . Later, authorities later confirmed to the local media stop that the person had been detained.

The Vigilante token’s name and logo are obviously visible on the flag that the man was holding, as well as a line of text that cannot be read from photos and videos that has examined.

VIGI launched on Pump. enjoyment on Saturday, ahead of the prank while teasing the “most zoonotic” marketing campaign “you’ve always seen”. As the news circulated, it pumped to a market cap of$ 3.82 million before falling 71 % in the hour following its all time high to$ 1.2 million, according to DEX Screener.

Not the first time we’ve seen post gold team members perform risky moves in an effort to motor their token is this. One creator burned himself to death last year after setting himself on fire for his key, and he was taken to a hospital with third-degree burns the following year. Countless other image gold projects followed in his feet, including developers live streaming overdosing on drugs, aggressively shooting weapons, and abusing animals.

Vigilante claims that the Hollywood sign was just the start of a larger advertising plan, and that the upcoming stunt will become ten times as large as the one above. The joke gold group did not respond to ‘s request for comment.

Meme coins ‘ ridiculous trip

After the President of Argentina, Javier Milei, promoted the Solana key LIBRA on Friday, the Hollywood sign prank was largely forgotten amid a mad trip in post gold property.

Over the weekend, all hell broke soft as LIBRA crashed 89 %, Milei was charged with fraud, and a creator of the key revealed details regarding insider trading, payments to friends who lost income, as well as links up to the MELANIA gift.

Some investors have speculated that the LIBRA release is an “FTX stage occasion for the trenches,” casting doubt on the validity of many of the biggest joke penny launches.

This belief is likely overblown, however, as Solana plummeted 41 % in a week amid the FTX collapse—while its SOL token has fallen just 9.1 % over the past week, per data from CoinGecko.

That said,” the trenches” usually refers to key rocket Pump. Fun, where you can find the riskiest resources, saw the least number of key creations on Saturday, according to Dune data.

Some believe the LIBRA scandal will mark the end of the meme-coin game, but others have urged the industry to change, promoting greater transparency and fairer launch.