According to TechFlow, on July 25, Jupiter business expansion manager Slorg posted on the X platform that last month, 30 MEME tokens launched by celebrities were born on the Solana network, covering celebrities from Andrew Tate to Soulja Boy, which were once very popular. However, each celebrity coin has fallen from its historical high, with an average drop of 94%. Even the best performing tokens have fallen by more than 70%, and half of them have fallen by more than 99%, and this is only about a month in their life cycle.

Ethereum co-founder Vitalik responded to the discussion about "celebrity issuance of MEME coins" in an article last month. He said: "So far, I am very dissatisfied with this round of celebrity experiments. Financialization is a means to achieve a goal. If the goal is worthwhile (such as health care, open source software, art, etc.), I can respect it. But if it is just for the product, it is disgusting."