Widespread rapper American rapper Gazzy Garcia, also referred to as Lil Pump, has tattooed the phrase “Solana” on his brow. Garcia took to Instagram and requested his 14 million followers in the event that they preferred his new “tats.” The submit’s caption highlights that the rapper has offered his SOL tokens.
It’s unclear why the rapper acquired the “Solana” tattoo after promoting his SOL holdings. The rapper could have booked earnings and determined to unload his SOL tokens. The token took a tough beating in November 2022 when the FTX crypto change went bankrupt. SOL’s worth fell beneath $10 by 2022 finish. The token has made fairly a restoration within the time since FTX’s fall.
Lil Pump, most well-known for his music “Gucci Gang,” additionally spoke at Donald Trump’s rally in 2020. Trump has been very vocal about his assist for the crypto trade. The previous president of the USA has additionally enabled crypto donations for his marketing campaign.
Will Solana (SOL) face a correction?
Garcia could have offered his SOL tokens to ebook earnings, or the rapper could also be anticipating a worth correction. SOL has been one of many best-performing cryptocurrencies of the previous two years, rising from as little as $9.77 in December 2022 to surpassing the $200 mark earlier this 12 months.
CoinCodex information highlights that Solana’s (SOL) worth could stay at present ranges for the rest of the month. The platform, nevertheless, predicts SOL to reclaim the $170 mark in early July, hitting $172.66 on July 8, 2024.
There have additionally been plenty of rumors on-line a couple of potential Solana (SOL) ETF. If the SEC approves an SOL ETF, the asset’s worth could witness a sudden spike.
