Man in Custody After Climbing Hollywood Sign for Cryptocurrency Promotion
A man is currently in custody after climbing on top of the iconic Hollywood sign as part of a promotional stunt. The person was waving a flag to shill a cryptocurrency called Vigilante Token (VIGI).
The Hollywood sign, located on the southern side of Mount Lee at an elevation of 181 meters, is one of the most iconic tourist attractions in California. Protected by barriers and a sophisticated security system, any suspicious movements trigger notifications to the police.
The man, dressed in dark clothes and a ski mask, was reported to the LAPD earlier today, causing a stir in the local media.
Cryptocurrency’s Market Impact
The Vigilante Token briefly soared to a peak market cap of $5.5 million, experiencing a 63,140% price increase due to the daring promotional stunt. However, the token’s price has since plummeted by over 40% from its peak.
Marketing Gimmick Backlash
The Vigilante project had teased the marketing stunt, claiming that the VIGI token would be launched in a viral manner. The stunt was meant to demonstrate the project’s “commitment” to their cause.
Following the backlash, the project now hints at an even bigger marketing stunt in their recent social media posts, signaling the lengths some projects go to in order to gain attention in the competitive token market.
Future Plans
Vigilante is now teasing the possibility of locking the token supply with a new X poll, hinting at potential developments in the project’s future.
As the cryptocurrency market continues to evolve, it is clear that projects are willing to push boundaries to make a mark, even if it means scaling new heights – quite literally in this case.