Asking 'Ethereum or Solana?', former NBA star Pippen, who has been involved in the issuance of Non-fungible Tokens, is returning to the encryption field to do something.

Author: Zen, PANews

In today’s (July 23rd) NBA Summer League Finals, the Heat narrowly defeated the Grizzlies in overtime with a buzzer-beater. Grizzlies player Scotty Pippen Jr. performed outstandingly in this game, scoring 29 points, 5 rebounds, 11 assists, 4 steals, and 2 blocks.

The all-around performance of Paxson reminds people of his father Scottie Pippen, the versatile small forward who assisted Michael Jordan in building the Bulls dynasty. And the retired NBA legend, who has been retired for twenty years, seems to be considering investing in Cryptocurrency.

“Ethereum or Solana?” On July 21, Pippen posted a question on the X platform, which attracted a large number of onlookers and comments from people in the encryption industry. DOGE co-founder Billy · Marcus, for example, explicitly replied that he supports DOGE as his first choice. Others joked, “Liar, you don’t tip at all” (Pippen was widely ridiculed for not tipping in restaurants, and earned the nickname “Pippen who doesn’t tip”).

This refreshing tweet, in stark contrast to a large amount of “nostalgic”, “retro”, “family” and other themed graphic and textual content previously posted by Pippen on social media. In the following two tweets, Pippen first continued to ask whether it was “MEME token or utility token?” and then this morning announced “Blockon-chain will have a big event! It’s still a secret.”

Two years ago, a NFT series themed on virtual sneakers was released

Three consecutive tweets related to blockchain and cryptocurrency indicate that this middle-aged retired basketball star is getting involved in the encryption industry. In fact, this is not the first time Pippen has mentioned cryptocurrency-related content on X (or Twitter). His first foray into the digital asset field dates back to two years ago.

In December 2022, Pippen collaborated with Non-fungible Token startup Orange Comet to launch his own Non-fungible Token sneaker collection, ‘Scottie Pippen SP33’. At that time, the Non-fungible Token craze had not yet subsided, and the collection was hugely successful with Pippen’s celebrity endorsement, selling out all 1,000 Non-fungible Tokens in less than two minutes. Pippen immediately tweeted his gratitude and expressed his ‘humility’ at the rapid sellout. According to CoinGecko, the floor price of the collection soared to 0.347 ETH on December 23, 2022, but then dropped by nearly 96.5%.

After retirement, the failed investment squandered hundreds of millions of dollars in income.

As early as 2012, Pippen was revealed to be facing a bankruptcy crisis. The smooth sailing on the court did not help him make any financial management achievements, and gradually squandered a total of $120 million in career income.

Pippen once entrusted a large sum of money to a Financial Institution for management. As a result, the institution’s claim of “investment failure” caused Pippen to lose 25 million US dollars. In addition, Pippen spent 4 million US dollars to purchase a jet, which crashed just a few months later. These events plunged Pippen into economic hardship. In 2007, he even considered returning to basketball, but it never materialized. Now, Pippen’s main occupation is as a farmer in his hometown of Arkansas, where he operates the farm with his brothers and occasionally appears as a media guest on various programs.

Two years ago, on the occasion of the official launch of the “Scottie Pippen SP33” collection, Pippen spoke on CoinDesk TV about the reason why he entered the cryptocurrency space but did not buy any tokens. “I was a little scared,” he said. If I don’t give it my all, I won’t touch it at all. Perhaps it was the failed investment experience in his early years that made Pippen more cautious about venture capital, preferring a steady approach to making profits rather than investing in digital assets with fluctuating prices. Therefore, Pippen’s recent tweet may not be a question of investment, but rather a question of whether to choose Ethereum or Solana (if I issue coins)? “Something big will happen to Blockon-chain” is also more like a teaser of the upcoming launch of the celebrity token.

Recently, all kinds of celebrity Tokens have been booming, and several celebrity Tokens related to “the top stream of the earth” Trump are particularly prominent. In the entertainment industry, rapper Iggy Azalea launched her own Token MOTHER, which continued to soar in the first week after issuance, with a maximum market capitalization of up to 200 million US dollars. Under this trend, will Pippen, who is tempted and takes action, release his own Token? How will it perform? PANews will continue to follow.