Title: 50 Cent’s Altcoin Launch on X Sparks Controversy – He Clarifies the Situation
Renowned American rapper 50 Cent recently found himself at the center of attention when his Twitter account was hacked and used to promote a cryptocurrency called GUNIT. Within just 30 minutes of the promotional tweet being sent, the market cap of GUNIT tokens skyrocketed to over $8 million. However, 50 Cent was quick to distance himself from the situation, clarifying on Instagram that he had no involvement with the GUNIT token and that his Twitter account had been compromised.
In recent times, numerous US celebrities have been venturing into the world of cryptocurrencies, launching their own tokens and reaping substantial profits from these meme coins. While 50 Cent claimed that the hacker made $300 million in just half an hour, it is unlikely that such earnings materialized. The token’s market value reached a maximum of $8 million, and since the hacker probably couldn’t sell all the tokens at the peak price, their actual gain would be significantly lower.
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