The X account of Cuba’s Ministry of Foreign Affairs has been locked following accusations of promoting and rug-pulling multiple Solana-based memecoins.
Speculation spread on Monday after the account appeared to promote a token called “CUBA,” leading some to believe the Cuban government was involved in the memecoin frenzy. The hype around memecoins has gained traction recently, especially after Donald Trump-related tokens surged.
The CUBA token reportedly reached a $30 million market cap before collapsing. Additionally, two other tokens—dubbed “Cuba Coin 2.0” and “Justice for Cuba Coin”—allegedly launched and failed within 24 hours.
Screenshots circulating online also show a token called “CUBA 4.0,” further fueling speculation about potential hacking involvement.
Sorry from $CUBA
The Ministry’s X account briefly acknowledged “difficulties” with its page before being deleted. An X Space titled “Sorry from $CUBA,” hosted by the account, featured an apology from someone claiming to represent the Cuban government.
The host initially denied any wrongdoing but reportedly later exclaimed, “Here we gooo, come on let’s go, a million MC!” before the Space was deleted, according to Protos.
DEX Screener data shows the initial CUBA token saw $158.7 million in trading volume and currently holds a $2.1 million market cap.
While the Cuban government has not issued an official statement, the Ministry’s X account remains disabled, leaving the situation unresolved.
Read the full article here