The venture of celebrities into the crypto market has seen a significant downturn as the market values of their tokens have fallen dramatically since their launch a month ago.ignition casino
According to data compiled by a prominent crypto community member, Slorg, all 30 celebrity tokens launched on the Solana blockchain in June have experienced steep declines from their all-time highs, with an average decrease of 94%.
Out of the 30 memecoins, the four top-performing tokens are down more than 70% from their recent all-time highs, while the following seven have dropped more than 90%. Meanwhile, roughly half of the tokens have fallen over 99%.
The market capitalization of these tokens tells a similarly grim story. Out of the 30 tokens, 23 have market caps below $1 million as of press time, while the remaining seven tokens’ current market caps are as follows:
Andrew Tate (DADDY): $66.4 million after falling 73.23