A minimum of 22 celebrities used Pump.enjoyable to launch memecoins however most have deserted their initiatives.
The celebrity-fueled memecoin hype of the previous couple of months have confirmed to be simply as short-lived as many market members anticipated, with a majority of the tokens presently down by 99%.
Solely three of the celebrity-backed memecoins have been capable of preserve a market capitalization better than $50 million, and 24 out of the 30 memecoins tracked have fallen by over 88%.
After the profitable launch of Iggy Azalea’s $MOTHER coin on Could 28, many celebrities and their groups tried to observe go well with, by launching their very own tokens by memecoin launchpad, Pump.enjoyable.
These celebs and their advisory groups offered the promise of “utility, partnerships, bulletins” and naturally, worth appreciation. Nevertheless, many of those celebrities have deleted their tweets, gone silent, or claimed to be hacked.
For the reason that frenzy, the one ones to outlive have been Iggy Azalea’s $MOTHER, Andrew Tate’s $DADDY, Zack Morris’ $ZACK, and $DJT which is believed to have been launched by Barron Trump with the help of Martin Shkreli.
Azalea particularly has continued to push her token through each day memes on Twitter, and crypto-native podcast appearances.
