The analyst studied the situation with memcoins created by various celebrities. Of the more than 30 celebrity tokens launched on the Solana network, more than half fell in price by 99%, and another seven assets fell by 90%. Even the most successful coins have lost more than 70% of their value.
Celebrity tokens, which began to be actively launched in June 2024 by famous personalities, have now fallen in price by more than 90%, reports a cryptanalyst under the nickname @Sasha why NOT
The expert notes that celebrities such as 50 Cent have recently begun promoting digital assets dedicated to their personas. The surge in celebrity token activity occurred in the first half of the summer of 2024, but now this segment is experiencing a global collapse.
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