- Celebrity meme coins have declined by an average of 94% from their all-time high, according to X user Slorg.
- Several celebrity meme coins have followed patterns similar to pump-and-dump scams.
- Save protocol launched Dumpydotfun to allow investors to short meme coins.
Celebrity meme coins report by Jupiter Slorg on Thursday shows that these tokens have been in deep waters since early July after experiencing heavy growth in June.
Where are the popular celebrity meme coins today?
In a recent analysis, Jupiter Slorg revealed that celebrity meme coins are down by an average of 94% from their all-time highs.
Some of the most notable declines include tokens promoted by and named after celebrities, including Davido, Waka Flocka, Floyd Mayweather, Doja Cat, Lil Reese, etc. These tokens are down more than 99% from their all-time highs — about a month since their launch. Such declines are often synonymous with pump-and-dump scams, as investors who bought at the top have experienced unrealized losses of over 99%.
Celebrity meme coins %change
Notably, the best performers across these recently launched celebrity meme tokens — DADDY, JENNER, MOTHER and ALEXIS — are all down by over 70%.
According to Slorg, most of these tokens are only still considered active due to the occasional social mentions they get. However, it may be too early to conclude on these tokens as the general crypto market has also seen choppy prices since the beginning of July.
"Web3 is a fickle beast, and even earnest attempts aren't always met with success, but this doesn't excuse the blatant pump and dumps," noted Slorg.
Celebrity meme coins saw a spike in popularity around late May into June as several celebrities leveraged Solana's token generation platform Pumpdotfun to list their coins. Due to Pumpdotfun's ease of use, several meme coins launched daily in June and skyrocketed by huge percentage increases before entering deep waters in the past few weeks.
Meanwhile, considering that Pumpdotfun has generated nearly $300 million in revenue since its launch, Save protocol (former Solend) launched Dumpydotfun, a platform for shorting meme coins. This move may partly be to benefit from the increasing decline in celebrity meme coins.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Crypto Today: BTC, ETH, and XRP lead $1.4B capitulation on Black Monday as FTX denies $2.5B claims
Cryptocurrencies nosedived over the weekend, shedding over $300 billion since Friday. What some traders on social media are terming crypto’s Black Monday, losses come after an initial positive decoupling on Thursday, when US stocks crashed after China announced 34% retaliatory tariffs.
Bitcoin hits new yearly low below $75,000 as global trade war escalates
Bitcoin price extends its fall by 4% on Monday after correcting near 5% the previous week. The global trade war escalated, wiping out 452,976 leveraged traders and causing a total liquidation of $1.39 billion from crypto markets in the last 24 hours.
Dogecoin shatters $0.15 support as ‘Black Monday’ bloodbath fears surge
Dogecoin tumbles over 10% on Monday, slashing $3.73 billion from its market capitalization to $19.78 billion. CNBC host Jim Crammer warns of global markets’ bloodbath if US President Donald Trump stays intrasigent.
Solana Price Forecast: Bears gain momentum as SOL falls below $100
Solana (SOL) extends its loss by over 7% and falls below the $100 mark at the time of writing on Monday after crashing 15.15% last week. Coinglass data shows that SOL’s leveraged traders wiped out nearly $70 million in liquidations in the last 24 hours.
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.