CandleFocus Celebrity Meme Coins like TRUMP, DADDY, and MOTHER Plunge: Losses Near 80% from ATHs
2025-02-11
Author: Content Editor
Celebrity-endorsed meme coins, including tokens associated with prominent figures such as Iggy Azalea and Andrew Tate, have seen significant declines in value. Tokens like MOTHER, DADDY, TRUMP, MELANIA, and JAILSTOOL have experienced an average decline of 78% from their peak valuations. The TRUMP coin has also been hit by geopolitical tensions, with a decline of over 60%. Open interest in the TRUMP coin has declined, signaling waning investor interest. Other celebrity-associated tokens, such as IVANKA and JAILSTOOL, have also faced challenges. This decline reflects the risks of speculative investments and has led crypto investors to shift towards altcoins with real-world utility. Projects emphasizing decentralized finance and the tokenization of real-world assets are gaining traction. Additionally, concerns have been raised regarding ethical violations and the need for regulatory oversight of celebrity meme coins, such as TRUMP and MELANIA.
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