NewsBriefs - Speculation of Cuban government involvement in Solana meme coin incidents

Jan 20, 6:45 PM The Block

Speculation of Cuban government involvement in Solana meme coin incidents

Allegations arose on the social media platform X about the Cuban government's potential engagement in pumping and dumping a memecoin on Solana, leading to multiple iterations of the token being released and 'rugged'. The X account of Cuba's Ministry of Foreign Affairs, which was thought to have promoted the a crypto, became inaccessible, fueling further speculation. The incident occurred amid a general uptick in the crypto market. The initial Cuba token recorded substantial trade volumes, yet the ministry has not provided comments on these events.

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