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Hollywood Sign Stunt Ignites Solana Meme Coin Frenzy

Harrison BrooksMonday, Feb 17, 2025 5:08 pm ET
3min read



On February 16, 2025, an unidentified individual scaled the iconic Hollywood sign, waving a flag advertising the Solana meme coin Vigilante (VIGI). This daring stunt resulted in a significant surge in the token's market cap, which shot up to $3.85 million, only to crash 69% to approximately $1 million. The flag featured the name and logo of the Vigilante token, and the stunt was part of a larger marketing campaign, with the team hinting at a future stunt that would be ten times bigger.

The stunt generated significant media attention and sparked interest in the Solana meme coin ecosystem. Following the stunt, the token pumped to a market cap of $3.82 million but fell 71% to $1.2 million within an hour of reaching its peak, according to DEX Screener. This event marks yet another instance of meme coin team members resorting to dangerous antics to boost their token's value.

Past incidents have included developers setting themselves on fire, live streaming drug overdoses, and animal abuse. Vigilante has stated that the Hollywood sign stunt is merely the start of a larger marketing campaign, suggesting a future stunt that will be ten times bigger. The team has yet to respond to Decrypt's request for comment.

SLNH Market Cap QoQ growth value
Name
Date
Market Cap QoQ growth value
Soluna HoldingsSLNH
20250214
0


The Hollywood sign stunt is just one example of the growing trend of meme coin team members resorting to dangerous antics to boost their token's value. This trend highlights the need for greater regulation and oversight in the cryptocurrency industry, particularly in the meme coin sector. As the industry continues to grow and attract more investors, it is crucial to ensure that these antics do not lead to further harm or damage to the reputation of the industry as a whole.

In conclusion, the Hollywood sign stunt has ignited a frenzy in the Solana meme coin ecosystem, with Vigilante's market cap surging and crashing within a short period. This event highlights the growing trend of meme coin team members resorting to dangerous antics to boost their token's value. As the industry continues to grow, it is essential to address the regulatory challenges and ensure the safety and security of investors.
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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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