🚀 Celebrity Memecoins on Solana: Boom or Bust? 🚀

Last month, 30 celebrity memecoins launched on Solana (SOL), with big names like Andrew Tate, Caitlyn Jenner, and Iggy Azalea jumping on the hype train. These tokens mix popular culture with decentralized tokenomics, aiming to attract retail investors.

📉 However, data shows a grim reality: these coins saw an average decline of 94%, with half plummeting 99% within 30 days. Even the "best" performers like Tate's and Jenner's coins dropped 70-80%.

Insider wallets controlled 20-90% of these supplies, profiting the most. Memecoins remain highly volatile, underscoring the risks involved.

💬 What do you think? Are memecoins worth the gamble? Share your thoughts below! 👇