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The recent emergence and subsequent disappearance of the 'CUBA' memecoin has sparked controversy and speculation regarding potential involvement from the Cuban government. Initially launched by an official account, the memecoin reached a market cap of $30 million and recorded trading volume of $158.7 million before vanishing. Reports indicate that the token followed a pump-and-dump pattern similar to other memecoins, leading to significant financial losses for investors. The Cuban Ministry of Foreign Affairs' account, which is believed to be linked to the memecoin, has since become inactive, raising further questions about the state's role in this incident. The country's GDP is approximately $147 billion.
Cuba launches memecoin, then rug pulls and deletes tweet. Cuba, with a $147B GDP, launched an official memecoin that pumped to $30M before rug pulling. The country has since deleted its tweet. Imagine being rug pulled by an actual country 💀 https://t.co/lu4jNyllAu
CUBA MEMECOIN RUGGED — GOV INVOLVEMENT? The ‘CUBA’ meme coin hit a $30M cap—with $158.7M in volume—before disappearing; some reports hint at state-linked actors behind multiple rug pulls—but no confirmations yet. Cuba’s Ministry of Foreign Affairs’ X account—allegedly tied to… https://t.co/RnArGk3ohy
CUBA MEMECOIN DISAPPEARS AMID STATE INVOLVEMENT RUMORS The sudden rise and fall of the ‘CUBA’ meme coin has raised questions about potential Cuban government links; reports suggest multiple tokens followed the same pump-and-dump pattern, with millions lost. The Cuban Ministry… https://t.co/UvvJyhr6o6
