Lil Pump must be making a lot of money. According to TMZ, the 17-year-old rap phenom has set aside icy gifts for his Day Ones.

Apparently, Lil Pump gifted his 8-member crew with icy diamond chains that say “Tha Lights Global,” which is the name of his record label. Total cost: $350,000.

Jeweler of the stars Elliot Avianne of Avianne & Co. Jewelers reportedly designed the necklaces but according to him, Lil Pump hasn’t come to the shop to pick up his order.

We don't know why Lil Pump hasn't copped his chains yet, but it might have to do with his label situation.

Billboard reports that the "Gucci Gang" rapper is a free agent after he voided his contract with Warner Bros. Records on the grounds that he was underage when he signed the deal.

Insiders told the publication that attorney John Branca sent a letter to Warner Bros. on Lil Pump's behalf pointing out the age discrepancy and certification issue, which nullifies the deal. Todd Rubenstein, the attorney for Pump's team Tha Lights Global, is also involved in negotiations, as well.

If this story is true, there's probably a bidding war going on for Lil Pump. He's certainly the "It" rapper right now. Even Saturday Night Live made a parody video about him and his song "Gucci Gang."

We'll just have to wait and see if everything goes Gucci for Lil Pump.

Watch Lil Pump's "Gucci Gang" Video

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