According to BlockBeats, on June 28, US model Amber Rose announced the launch of her meme coin, MUVA, on her social media platform. Blockchain detective ZachXBT responded to her post, revealing that a newly created address related to the meme coin has already secured 7.2% of the total supply and has sold 227 SOL, equivalent to $33,000.
As of the time of reporting, the developer's address for MUVA holds 22.14% of the total supply, with the top 10 holders accounting for 69.33%. BlockBeats urges users to exercise caution as the price of meme coins released by celebrities can be highly volatile and may be subject to issues such as pump and dump schemes.