Unknown Person Climbs Hollywood Sign to Promote Meme Coin
Date: 2025-02-18 Author: Henry Casey Categories: IN WORLD
The action attracted the attention of social media users, especially after the post was published in X, which led to a sharp increase in the token's capitalization to $3.82 million. However, an hour later, the coin's value fell by 71%, according to DEX Screener data.
Eyewitnesses noticed that the unknown person was holding a flag with the token's symbols and illegible text. An hour later, it was removed from the letter "D", after which the police detained the man. The information about the arrest was confirmed by the KTLA news channel.
The creators of Vigilante presented their project on the Pump.fun platform on the day of the incident, announcing the launch of a "viral marketing campaign". The token team announced on social media that this is just the beginning, and that they are planning an event that will be “ten times bigger than the previous one.”
Such cases are not uncommon in the world of meme coins. For example, when Binance founder Changpeng Zhao revealed the name of his dog Broccoli, the market immediately responded with the appearance of many tokens with the same name, one of which reached a capitalization of over $150 million.
Another case occurred when Elon Musk temporarily changed his name in X to Harry Bōlz. This provoked a rapid increase in the price of the HARRYBOLZ token — its value increased 400 times. However, after Musk returned to his real name, the quotes fell sharply by 94%.
