According to BlockBeats, Jupiter business expansion manager Slorg wrote that last month, 30 MEME tokens launched by celebrities, including Andrew Tate and Soulja Boy, were born on the Solana network and were once very popular.

Every celebrity coin is now down from its all-time high, with an average drop of 94%. Even the best performing tokens are down more than 70%, but the extent of the losses is staggering. Half of them are down more than 99%, and that’s only about a month into their lifecycle.

As of this writing, 22 of the 30 celebrity MEME coins have a market cap of less than $1 million. Some of these tokens remain “active” in that they are regularly discussed on Twitter.

Ethereum co-founder Vitalik wrote last month in response to a discussion about "celebrities issuing MEME coins," saying, "So far, I am very dissatisfied with this round of celebrity experiments. Financialization is a means to an end, and if the end is worthwhile (health care, open source software, art, etc.), I can respect it. But if it is a product, (vomiting expression)."