Typo in bounty tattoo sparks $600,000 Solana memecoin

A misspelled token ticker tattooed on a user's forehead has turned into a tradable Solana memecoin worth more than $600,000. The incident stems from a new bounty feature on the Pump.fun platform.

A user posting as Arivu completed a Pump.fun GO bounty last week by tattooing the misspelled ticker “$boutywork” on his forehead and sharing video proof. He stated that he followed the instructions exactly as posted and wrote on X that he had given his life for the task. The typo itself became a market asset. A Solana token with the ticker BOUTYWORK launched on PumpSwap and reached a market cap above $600,000, with more than $3.5 million in 24-hour trading volume, 2,630 holders and roughly $43,000 in liquidity. Arivu later said he received $20,000 from trading fees tied to a related token. Pump.fun GO, announced last week, lets users create bounties for almost any task. Other active bounties included challenges such as eating watermelon in under 60 seconds, interviewing homeless people on camera in Los Angeles and shaving one's head while shouting a token name. The platform said it maintains an active moderation team that removes dark or malicious content.

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Illustration of a hacked Polymarket wallet showing $520,000 being drained on the Polygon blockchain.
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Polymarket internal wallet drained of over $500,000

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A private key compromise led to a drain of more than $520,000 from a Polymarket-linked wallet on the Polygon blockchain on May 22. The prediction market platform confirmed that user funds and core contracts remained unaffected.

Pump.fun generated $124.7 million in revenue during the first quarter, representing more than a third of Solana's total app revenue. This performance came even as memecoin trading declined across the network.

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South Korean prosecutors have arrested the creators of the Solana-based meme coin CatFi over allegations of a rug pull that caused around $599,000 in investor losses. The arrests mark the first application of the country's new Virtual Asset User Protection Act. The coin surged 6,000 percent following the detentions.

Solana-based decentralized exchange Orca has rolled out permissioned pools that let approved investors trade regulated tokenized assets onchain. The first asset to use the system is Streamex's gold-linked security GLDY.

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Hyperliquid's HYPE token has gained 101 percent year to date while decoupling from Bitcoin. The platform's revenue has expanded across multiple sectors. Bitwise's Matt Hougan described HYPE as the most mispriced cryptocurrency.

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