{"id":22109,"date":"2024-06-06T15:00:12","date_gmt":"2024-06-06T12:00:12","guid":{"rendered":"https:\/\/coinengineer.io\/?p=22109"},"modified":"2024-06-06T09:34:53","modified_gmt":"2024-06-06T06:34:53","slug":"celebrity-memecoins-plummet-but-one-defies-the-trend","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/celebrity-memecoins-plummet-but-one-defies-the-trend\/","title":{"rendered":"Celebrity Memecoins Plummet, But One Defies the Trend"},"content":{"rendered":"<p>Though one token resisted that trend and is still establishing new all-time highs, most <strong>celebrity memecoins<\/strong> that debuted last week\u2014including JENNER, DAVIDO, and RICH\u2014have fallen at least 66% from peaking.<\/p>\n<p><span style=\"color: #0000ff;\"><em>Related: <a style=\"color: #0000ff;\" href=\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-criticizes-celebrity-memecoin-craze\/\">Vitalik Buterin Criticizes Celebrity Memecoin Craze<\/a><\/em><\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/celebrity-memecoins-plummet-but-one-defies-the-trend\/#Jenner_Tokens_Rocky_Debut\" title=\"Jenner Token\u2019s Rocky Debut\">Jenner Token\u2019s Rocky Debut<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/celebrity-memecoins-plummet-but-one-defies-the-trend\/#Other_Celebrity_Memecoins\" title=\"Other Celebrity Memecoins\">Other Celebrity Memecoins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/celebrity-memecoins-plummet-but-one-defies-the-trend\/#Iggy_Azaleas_MOTHER_Token_Defies_the_Trend\" title=\"Iggy Azalea\u2019s MOTHER Token Defies the Trend\">Iggy Azalea\u2019s MOTHER Token Defies the Trend<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Jenner_Tokens_Rocky_Debut\"><\/span>Jenner Token\u2019s Rocky Debut<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Last week, American media figure <a href=\"https:\/\/www.coingecko.com\/en\/coins\/caitlyn-jenner\">Caitlyn Jenner&#8217;s &#8220;JENNER&#8221;<\/a> debuted among the most prominent <strong>celebrity memecoins<\/strong> on May 28. Many at first believed the token belonged to a deep fake X account hack.<\/p>\n<p>Over the first 24 hours, JENNER reached a $30 million market valuation as people argued online about whether the celebrity actually launched and supported the coin. Though Jenner herself has personally confirmed that it is legal, it has now dropped 79% from its all-time high of $0.0061.<\/p>\n<p>Still with a $6.1 million market cap is the Jenner token. Over the past week, it has not witnessed any spectacular price movements, though.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Celebrity_Memecoins\"><\/span>Other Celebrity Memecoins<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Launched this week, the &#8220;RICH&#8221; cryptocurrency from American Rapper Rich the Kid also drew <strong>memecoin<\/strong> trading interest. The cryptocurrency has subsequently dropped to a $678,000 market capital value nonetheless.<\/p>\n<p>Launched by Nigerian singer David Adedeji Adeleke Oon, dubbed Timeless Davido (DAVIDO), another cryptocurrency has dropped over 66% to $0.0011 from a top-out of $0.0033 on May 30.<\/p>\n<p>Among other celebs, tokens connected to American rapper Moneybagg Yo (SPEAK), boxing great Floyd Mayweather, and Trippie Red (BANDO) have dropped by over 90%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Iggy_Azaleas_MOTHER_Token_Defies_the_Trend\"><\/span>Iggy Azalea\u2019s MOTHER Token Defies the Trend<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The only coin that hasn&#8217;t fallen prey to the destiny of most <strong>celebrity memecoins<\/strong> is the mom-inspired token created by artist and model Iggy Azalea on May 29.<\/p>\n<p>On June 6, Mother Iggy flew to a $134 million market capitalization, therefore establishing a new all-time high price of $0.1272.<\/p>\n<p>Shortly after controversial <strong>memecoin<\/strong> partner Sahil Arora introduced the Iggy Azalea (IGGY) token, which mostly failed to draw <strong>memecoin<\/strong> traders, Azalea started MOTHER. He was subsequently suspended on social networking platform X.<\/p>\n<p>The creator of distributed exchange Uniswap, Hayden Adams, said he had &#8220;no issues&#8221; with the current <strong>celebrity memecoin<\/strong> mania but advised they should maximize their earnings.<\/p>\n<p><em>&#8220;Iggy could have answered favorably and given money from profits to support a social cause or something.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Though one token resisted that trend and is still establishing new all-time highs, most celebrity memecoins that debuted last week\u2014including JENNER, DAVIDO, and RICH\u2014have fallen at least 66% from peaking. Related: Vitalik Buterin Criticizes Celebrity Memecoin Craze Jenner Token\u2019s Rocky Debut Last week, American media figure Caitlyn Jenner&#8217;s &#8220;JENNER&#8221; debuted among the most prominent celebrity<\/p>\n","protected":false},"author":6,"featured_media":22110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[6417,6682,6683,6684,6685],"class_list":["post-22109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-caitlyn-jenner","tag-celebrity-memecoins","tag-iggy-azalea","tag-jenner","tag-rich"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Celebrity Memecoins Plummet, But One Defies the Trend - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Most celebrity memecoins, including JENNER and DAVIDO, have dropped over 66%. 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