Celebrity Meme Coins Plummet 78% as Investors Shift Focus | Airdrop Alert Pro

Celebrity-approved meme coins have experienced a huge recession, with some losing over 80% of their value from their historical peaks (ATH).

The report follows the revelation that crypto investors may shift their focus to projects with real-world value.

Celebrity Meme Coins Drop Nearly 80%

According to Messari, famous tokens such as Mother, Daddy, Trump, Melania and Cailstool have dropped by an average of 78% since their valuation.

Mother and Dad Token with Australian rapper Iggy Azalea and social media personality Andrew Taterespectively. Both tokens arrive at ATHS in June and July 2024. However, since they recovered, every token has not been restored, and everyone has dropped by more than 80%.

at the same time, Trump Coin Reduced by more than 60%, and Melania Token Declined by more than 80%. Trump coins recently New lows Amid the escalating geopolitical tensions, including Tariff war initiated by the US president. The token has been recorded 72% drop from its ATH Just a week ago.

In addition, the coins Open interest– Measures that measure the total number of outstanding derivative contracts have fallen. This indicates investor interest and potential market exit.

Open interest is a key indicator in the cryptocurrency market. A decline in open interest often indicates that traders are closing their positions, which is interpreted as lack of confidence in the future performance of the asset. This trend shows that investors are increasingly cautious about the prospects of Trump coins.

Other celebrity-related tokens also face challenges. Ivanka Trump denies any connection to cryptocurrency Reject Ivanka coins. Prison meme coins also recorded a massive decline.

Dave Portnoy, founder of Barstool Sports, played a key role in promoting prison meme coins. His recognition has resulted in a staggering 100,000% surge in its market value. Despite the downturn, Portnoy is still committed to the token.

“…Whatever I do, I will continue to be rooted in prison and respect every promise I make. It once again hits a market cap of $200 million and I will invest $100,000 into it. Until $1 billion, I’ll just sell a dime. I still hold everything. I could have sold it for 6 million. No,” Portnoy shared.

The decline in celebrity-approved meme coins reflects the inherent risks of speculative investment. It also aligns with a recent report that reveals the phantom of meme coins. According to the report 76% of influential meme coins lost over 90% of their value in three monthscausing losses to investors.

Investors pursue tokens with real value

Responsive meme coins volatility and related risks, many Crypto investors are diverting their attention Towards a copycat coin with real-world applications.

Projects that emphasize decentralized finance (defi)and Symbolization of real-world assets (RWA) is gaining appeal. This trend reflects an increasing preference for investments that provide practical practicality and long-term value rather than speculative companies.

“Starting with the launch of technologically innovative new hype…not only is your Degen Monkey Brain blindly leaning towards meme coins or made for new Celeb coins, but your analytical and research skills can take action again,” Defi Expert Expert Ignas shared recent.

Meanwhile, these data follow reports on the development of celebrity meme coins. For example, Senator Elizabeth Warren recently called for a federal review of Trump and Melania coins. As Beincrypto reported, she raised concerns about potential Ethical violations and the need for regulatory supervision.

The hype surrounding Trump meme coins has also attracted malicious actors. Scammers use crazy liars to arrange carpet pulls, Deceived about $857 million in investors. In addition, blockchain analysis shows 94% of Trump and Melania tokens are concentrated in 40 wallets. This indicates a high level of centralization and potential market manipulation.