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2025-01-20 21:34:00
The X account of Cuba’s Ministry of International Affairs has been locked following accusations of selling and rug-pulling a number of Solana-based memecoins.
Hypothesis unfold on Monday after the account appeared to advertise a token known as “CUBA,” main some to imagine the Cuban authorities was concerned within the memecoin frenzy. The hype round memecoins has gained traction just lately, particularly after Donald Trump-related tokens surged.
The CUBA token reportedly reached a $30 million market cap earlier than collapsing. Moreover, two different tokens—dubbed “Cuba Coin 2.0” and “Justice for Cuba Coin”—allegedly launched and failed inside 24 hours.
Screenshots circulating on-line additionally present a token known as “CUBA 4.0,” additional fueling hypothesis about potential hacking involvement.
Sorry from $CUBA
The Ministry’s X account briefly acknowledged “difficulties” with its web page earlier than being deleted. An X Area titled “Sorry from $CUBA,” hosted by the account, featured an apology from somebody claiming to signify the Cuban authorities.
The host initially denied any wrongdoing however reportedly later exclaimed, “Right here we gooo, come on let’s go, 1,000,000 MC!” earlier than the Area was deleted, in accordance to Protos.
DEX Screener knowledge reveals the preliminary CUBA token noticed $158.7 million in buying and selling quantity and at present holds a $2.1 million market cap.
Whereas the Cuban authorities has not issued an official assertion, the Ministry’s X account stays disabled, leaving the scenario unresolved.