An individual developed the Vigilante cryptocurrency within the Solana network, which led to a bold promotion when he climbed the Hollywood sign to market VIGI tokens. Los Angeles police detained the man who spent weekend hours with a white flag while standing on the “D” letter of Mount Lee.
Local sources stated the incident lasted an hour as the man stayed on the Hollywood sign until authorities in park ranger uniforms and police officers assisted his descent. No official statement regarding the identity of the sign climber has emerged yet, though Vigilante team members posted his stunt pictures through social media, claiming this stunt is part of their marketing plan.
Solana Meme Coins Use Risky Promotions
Meme coin developers demonstrate their willingness to take extreme measures for attracting public attention during this incident. The VIGI meme coin launched through Pump.fun, which provides quick token development, launched on February 15 with a guarantee of becoming the most viral token promotional event ever recorded.
The stunt received a brief payoff when the token reached a market capitalization level of almost $4 million after various media outlets covered it. The excitement surrounding VIGI collapsed when it plummeted more than 70% then stabilized at a value of $1.3 million.
The Solana meme coin domain features an excessive number of unsafe promotional styles that many developers resort to for system growth. Platforms such as Pump.fun offer developers an easy opportunity to enter the market and compete for speculative investors among rapidly expanding developer competition.
The creator of the “Dare” meme coin intentionally started himself on fire to advertise his project during 2023 before continuing his marketing efforts from a hospital room sustaining severe burns. Users took advantage of the Twitch streaming platform from Pump.fun before its shutdown to conduct dangerous actions, including sexual exploits and self-harming potentially perilous deeds, to achieve online fame.
The short-term price increases from these promotional stunts draw regulatory and community attention, leading to additional oversight. Pump.fun eliminated its streaming plugin because it wanted to reduce dangerous promotional activities.
The scene at the Hollywood sign provoked fresh discussions about the decisional and regulatory issues surrounding intense meme coin advertising. The decentralized and unregulated nature of cryptocurrency continues, but authorities pay attention when cryptocurrency projects cross promotional boundaries into public safety violations.
The outlook regarding the Vigilante (VIGI) token becomes less clear. The team behind the project has provided indications of upcoming marketing stunts, but investors still worry about the typical market fluctuations that result from these promotional events. The detained developer now faces potential trespassing penalties and public property endangerment violations, along with various regulatory questions about meme coin sustainability.
Currently, Solana meme coins continue functioning within an atmosphere characterized by high risk through high rewards leading to instant wealth but also rapid financial failure.
