“Celebrity Meme Coins, Go Out!” Crypto Community Reactions to Celebrity Meme Coins Are Different

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ABMedia
05-30
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Is the meme coin "too advanced for you to keep up with" or "the phenomenon of mental retardation in the crypto is getting worse"? Recently, we wrote an opinion piece titled "Evolution of Idiots | Meme coins have become mainstream in the market, replacing NFTs and becoming a popular entry point for the public." Recently, some members of the crypto community expressed that they "really hate celebrities following the trend of meme coins," but others expressed different opinions.

The following is a compilation of two online comments about celebrities issuing meme coins.

@ColdBloodShill: Same as celebrity NFTs

ColdBloodShill is dissatisfied with the recent phenomenon of celebrities issuing meme coins. He believes that this behavior is a predatory phenomenon. Celebrities just use the buzzword of meme coins to make money quickly, which is different from the previous "cryptocurrency" It is exactly the same as the "NFT" craze. He noted that celebrity forays into cryptocurrency are often unsuccessful, with most of these projects disappearing within a short period of time.

He believes that if celebrities really want to enter this field, they should buy cryptocurrency first, explore this field, join the community, understand and learn like ordinary people, instead of launching tokens from the beginning. He emphasized that if a celebrity launches a coin in the first place, no matter what they say, they should not be trusted. He wants to see people who are genuinely interested in cryptocurrencies, not celebrities who just want to make a quick buck.

@blknoiz06: Celebrities are just misinformed

blknoiz06 has some different opinions on ColdBloodShill. He believes that celebrities who issue tokens should not be blamed in general. He pointed out that many celebrities are not the only decision-makers and are often misled by their teams. These celebrities actually care about their fans.

He believes that these celebrities should be informed through dialogue about the harm their actions may cause to their fans, rather than simply telling them to get lost. This makes it easier to find positive ways for them to participate and contribute to the field.

Former President Trump strongly praised cryptocurrency, and meme coins named after Trump skyrocketed; well-known media personality Caitlyn Jenner issued the meme coin JENNER; rapper Iggy Azalea also joined the circle to issue the meme coin MOTHER. Such actions have fueled the meme coin craze, similar to the early days of the NFT craze when many celebrities recommended it.

I believe that in the near future, some Asian celebrities or KOLs will probably issue their own meme coins to catch up with this craze; whether it is good or bad, time will tell.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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