The Cuban Foreign Ministry’s X account has been locked following accusations of promoting and distributing multiple Solana-based memecoins.
The 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 surrounding memecoins has been gaining popularity lately, especially after Donald Trump-related tokens have skyrocketed.
The CUBA token reportedly reached a market cap of $30 million before collapsing. In addition, two other tokens, called “Cuba Coin 2.0” and “Justice for Cuba Coin,” were said to have launched within 24 hours and failed.
Screenshots circulating online also show a token called “CUBA 4.0,” further fueling speculation about possible hacker involvement.
Sorry about $CUBA
The ministry’s X account briefly acknowledged “issues” with the page before removing it. An X Space titled “Sorry from $CUBA” hosted by the account contained an apology from someone claiming to represent the Cuban government.
The host initially denied any wrongdoing, but later reportedly exclaimed, “Here we go, come on, let’s go, a million MC!” before the Space was removed, according to Protos.
DEX Screener data shows that the original CUBA token had a trading volume of $158.7 million and currently has a market cap of $2.1 million.
Although the Cuban government has not issued an official statement, the ministry’s X account remains disabled, leaving the situation unresolved.
