On Monday, Followin first published a report titled "A 30,000% increase overnight, did American celebrity Katherine Jenner launch a Trump-themed MEME coin?"

The X account has 3.36 million followers, she is an Olympic champion, an actress, a member of the Kardashian family, a transgender person, Trump’s number one fan, Solana Summer… the combination of many concepts made JENNER a hot commodity as soon as she went online.

Afterwards, the concept of celebrity coins became the top trend in the crypto .

On the 28th, Iggy Azalea, a well-known American rapper, ex-girlfriend of NBA star Nick Young, and a social media celebrity with 7.63 million fans, issued a coin, and Mother became popular for a while.

Especially this Mother, which attracted a lot of attention, and well-known projects in the crypto such as Metamask Wallet and Phantom Wallet interacted with Iggy Azalea. In a Space on the 29th, the number of online listeners was close to 20,000.

On the 30th, X had 15.34 million fans, and Davdo, known as the Rapper King, issued a coin...

Faced with the aggressive Web2 celebrities, encryption practitioners are generally excited and have shouted out: encryption applications are useless, only super traffic owners are mass adoption.

As a result, the price of Mingrencoin rose in 3 minutes and plummeted in 24 hours. The excited crypto players were "prostrated" and shouted that they might as well go to the zoo MEME.

DAVIDO was treated at a very high level. Solana's official X account reposted his post, and his Space was also very popular, with 41,000 listeners.

Of course, he was full of enthusiasm, cheering for Solana Summer and asking fans to hold on and wait for the market value of 30 million.

The result? It opened with a sharp rise, from 0.000065 to 0.01, and then plummeted, and is currently at 0.003. The current market value is about 3 million US dollars. The price has perfectly walked out of the Christmas tree.

It has to be said that those who run slowly must be buried, no one can be left behind.

According to Lookonchain monitoring, the starting capital of Davido's coin on Pump.fun was 7.5 SOL. In the early stage, 7 SOL was used to purchase 20% of the total amount, and the profit from selling it within 11 hours was about 470,000 US dollars. The current position is about 200,000 US dollars.

Brother Dashi from Australia complained: a pile of shit, they kept selling since the opening. Later, it was revealed that this rapper king Davido had issued two zero-coins in 2021, and he also smashed the market on the first day. There is no way to have a big picture, it is just a little bit bigger. In comparison, the pattern of cats and dogs is much bigger. Expecting these people to break the Web3 dimension wall may be much worse than the BAYC in the last cycle.

On the first day of JENNER's coin issuance, the story behind it was confusing.

These two days, Caitlyn Jenner deserves a medal: Model Worker in the Crypto.

Open a Space, review fans' answers, and cheer for the community...Caitlyn Jenner shows the work attitude of the American "workaholic", posting and forwarding countless posts on X in a day.

What about the price of the currency? It keeps falling.

The current market value is around US$7.5 million, with a 24-hour drop of more than 50%.

Caitlyn Jenner is working so hard, I don’t understand, who is selling it?

What is incomprehensible about Caitlyn Jenner is that she has twice promoted new coins on X and then deleted the tweets. For example, last night, she launched a new coin on the Ethereum chain, but the old coin plummeted, so she deleted the post to remedy the situation.

Caitlyn Jenner’s “lack of integrity” should have sentenced this coin to death.

Dragon Mother Coin, the mother of all coins in the crypto, this slogan is amazing.

Iggy Azalea is a workaholic like Caitlyn Jenner, and she has a very good attitude and is very obedient. When fans ask her to promote more, she seems to stay up 24 hours a day, posting frantically and adding new photos. When fans ask for Space, she immediately starts working on it. When fans ask for Telegram and DC, she seems to have started researching them.

But it still fell, and its current market value is 12 million US dollars.

According to data mining website Bubblemaps, MOTHER had insider trading. Before Iggy Azaela made the announcement, insiders bought 20% of the supply when the product was released, and as of the 29th, it had sold $2 million.

BITWU.ETH said that it is foreseeable that there will be more celebrity tokens in the future, but please keep in mind that most of them will have a lot of internal transactions and will eventually become worthless or directly RUG. This situation may be similar to the previous celebrity NFTs, and the most worrying thing about them is their sustainability. Except for the likes of Machi Big Brother, most celebrities do not understand the game of the crypto and lack sustainable investment. For them, the profits are not attractive enough if they cannot grow big.

In fact, the celebrity concept coin has been around for 3 days, but no coin has shown sustained "upward momentum". If there is no strong leader, it is estimated that this concept will soon become PVP and no one will be willing to take it over.

In fact, I think that these celebrities have already openly cut off their positions, and their methods are very ruthless. Except for the insider traders and scientists who bought in at the beginning, if they only participated in the market after getting the news from Twitter, the probability of losing money is already very high.

Celebrity Coin is very difficult to play in the short term, and even more difficult to play in the long term. It is 100% likely to trap people.

These celebrity coins may reveal a current situation. The reason why MEME coins have risen so well is not entirely because of its good concept and good community, but because there is a team and funds working silently behind it. Can it rise just by shill?