The "Gucci Mane" rapper broke the news on the heels of his latest collaboration with Dominican musician El Alfa, "Coronao Now."
While the bilingual hit is currently sitting at No. 13 on the Spanish Billboard chart, Lil Pump took to Instagram to ask his 17.8 million followers to lead him to new talents.
"Ayo, so I'm the hottest rapper out right now .... I'm looking for new artists to sign. So, if you wanna get signed right now by Lil Pump, you feel me, come join the team," he said in a video, while posing with a stack of cash.
Pump, who is under the umbrella of Warner Records and Tha Lights Global, has yet to launch his own label imprint -- prompting fans to believe that the 19-year-old rapper was joking.
Earlier this year, the Miami native told Beats 1's Zane Lowe that Lady Gaga would appear on his sophomore studio album, "Harverd Dropout."
While the award-winning vocalist did not appear on the full-length, Pump recruited fellow rappers Kanye West, Smokepurpp, Lil Uzi Vert, Lil Wayne, 2 Chainz as well as Migos's Offset and Quavo.
More recently, Lil Pump made headlines when he was bitten by a snake during the filming of an upcoming music video.
The rapper shared a profanity-filled video on Instagram, in which he showed his bloodied hand while the reptile tried to bite another member of his entourage.
Earlier this month, he also appeared on the satirical ad campaign announcing J. Cole's forthcoming new album, "The Fall Off," which the hitmaker unveiled during his headlining set at the 2019 Day N Vegas music festival.
Pump previously previewed the freestyle diss track, "F**k J. Cole," which prompted the founder of Dreamville Records to call the 19-year-old musician's antics "marketing genius."
"Disrespecting somebody with a bigger platform, who hasn't yet been disrespected in that way so it seems kind of taboo, would get huge attention. Like, if I go out and scream 'F**k Oprah,' I would get so much attention off it, it would be crazy," Cole told GQ earlier this year.