- Celeb meme cash are crashing laborious, with tokens like MOTHER, DADDY, TRUMP, MELANIA, and JAILSTOOL dropping over 78% from their all-time highs (ATHs) regardless of preliminary hype-driven rallies.
- MOTHER (Iggy Azalea) and DADDY (Andrew Tate) have suffered huge declines, with MOTHER down 96% and DADDY plummeting 88%âwhereas Trump-affiliated meme cash have additionally misplaced over 75% of their worthin simply weeks.
- JAILSTOOL (Dave Portnoyâs token) noticed the quickest collapse, crashing 83.3% in simply sooner or later, proving that whereas celebrity-backed tokens could pump shortly, they have a tendency to dump simply as quick.
The glitter of celebrity-backed meme cash? Yeah, itâs carrying offâquick. As soon as driving excessive on hype, these tokens have now taken a brutal nosedive, with most dropping over 78% from their all-time highs (ATHs).
In response to knowledge from Messari, meme cash like Mom Iggy (MOTHER), Daddy Tate (DADDY), Official Trump (TRUMP), Melania Meme (MELANIA), and Stool Prisondente (JAILSTOOL) have all seen their costs crumble after preliminary explosive rallies.
MOTHER & DADDY Lead the Massacre
MOTHER, the token linked to pop icon Iggy Azalea, skyrocketed to $0.2306 shortly after its launch in June 2024âsolely to collapse 96%, now hovering round $0.0089. It noticed a short comeback in September, surging to $0.1312, however that momentum fizzled out quick.
Nonetheless, some current buying and selling quantity of $4.2 million has pushed MOTHER up by 11% within the final 24 hours, now priced at $0.009067ânevertheless itâs removed from its former highs.
Then thereâs DADDY, the token related to controversial character Andrew Tate. This one peaked at $0.2886, however in the present day? A measly $0.0342âa staggering 88% decline. Early patrons as soon as sat on $45 million in unrealized income, however anybody who held too lengthy is now deep within the pink.
Since October, DADDY has struggled to reclaim even $0.16, and up to date tendencies arenât wanting good. Down 37.5% in a month, 41% in two weeks, and 18.6% in simply seven days, itâs severely underperforming the broader crypto market, which is definitely up 1.4% over the identical interval.
TRUMP & MELANIA Take Heavy Hits
Itâs not simply Iggy and Tateâs tokens feeling the warmth. Meme cash related to Donald Trumpâs householdâTRUMP and MELANIAâare additionally tanking.
TRUMP soared to $73 simply earlier than Trumpâs inauguration because the forty seventh U.S. President, even surpassing meme coin giants like Pepe (PEPE) and Shiba Inu (SHIB). However as soon as MELANIA launched, it stole the highlightâand TRUMP misplaced over half its worth in a single day.
Now? TRUMP is down 77.5% from its peak, and MELANIA has cratered 88.7% from its ATH of $13.05. In simply two weeks:
- TRUMP dropped 44.7%
- MELANIA sank 42.1%
JAILSTOOLâs File-Breaking Collapse
Stool Prisondente (JAILSTOOL), the Dave Portnoy-backed meme coin, takes the prize for the steepest short-term collapse. It hit a excessive of $0.2179 on February 9âand crashed 83.3% to $0.025 in only a day.
Even with Portnoy hyping it up on X (previously Twitter), the token plummeted one other 60% yesterday.
Ultimate Ideas: The Meme Coin Gamble
This celebrity-driven meme coin hype practice? Itâs derailed. Positive, these tokens explode in value when first launched, however their free-fall crashes present the true danger of investing in them. Popular culture attraction can pump a value, however with out actual utility, the dumps come simply as quick.
For now, these cash stay a high-risk, high-reward playgroundâbut when historical past tells us something, these late to the celebration is perhaps holding the baggage when the music stops.