The tide has turned: Celebrities' tokens are falling

The majority of tokens supported by celebrities, including JENNER, DAVIDO, and RICH, have lost at least 66 percent of their value since the peak.

However, a token has reversed this trend and continues to set all-time high levels.

One of the most notable celebrity tokens of last week was Caitlyn Jenner’s “JENNER,” an American media personality. Many people initially thought that the token’s X account hack was part of it.

There is a great movement in famous tokens.

While people debate whether the token was actually released, endorsed, and supported by a real celebrity on the internet, it reached a market value of $30 million within the first 24 hours. However, despite Jenner herself stating that it was legal, it has since dropped by 79%.

Jenner token still has a market value of $6.1 million. However, it did not experience much volatility last week. American rapper Rich the Kid’s ‘RICH’ token also caught the attention of memecoin investors when it was released last week. Since then, the token has fallen to a market value of $678,000.

Another token called Timeless Davido (DAVIDO), initiated by Nigerian singer David Adedeji Adeleke Oon, dropped by 66 percent to $0.0011 after hitting $0.0033 on May 30th.

Tokens associated with boxing legend Floyd Mayweather and American rappers Moneybagg Yo (SPEAK) and Trippie Red (BANDO) are among other projects related to celebrities, with around 90% drop.

By the way, the token released by rapper and model Iggy Azalea on May 29th, “MOTHER”, was the only project to stand strong in this category.

Anne Iggy reached a market value of $134 million on June 6th, setting a new all-time high price of $0.1272 in doing so.

This article does not contain investment advice or recommendation. Every investment and trading operation involves risk, and readers should conduct their own research when making decisions.