Godfather and godmother are not fragrant anymore! Memecoins of celebrities such as Trump, Mother, and Daddy Tate have plummeted by an average of over 78%.

Celebrity meme coins are rapidly cooling down, with Trumpcoin falling by 79%, and the halos of other celebrity meme coins are also fading, all quickly dropping after reaching historical highs (ATH). Messari data shows that celebrity meme coins including Mother Iggy (MOTHER), Daddy Tate (DADDY), Official Trump (TRUMP), Melania Meme (MELANIA), and the recently launched Stool Prisondente (JAILSTOOL) have all crashed after reaching their peaks.

MOTHER AND DADDY'S GODFATHER AND GODMOTHER ARE NOT FRAGRANT

MEME, a meme coin by Iggy Azalea, a hip-hop artist who rose to fame with the single 'Pu$$y', reached a historical high of $0.2306 shortly after its launch in June 2024. Currently, it is trading at $0.007, a decrease of about 96%.

Another meme that has experienced strong market volatility is DADDY Memecoin, which is associated with controversial figure Andrew Tate, and although it has not been confirmed whether it was issued by him, early buyers who at one point made at least $45 million in unrealized profits, and now DADDY has fallen from a high of $0.3 in June 2024 to $0.03 today.

Despite DADDY's brief surge, it's struggling to regain momentum. Data shows that DADDY has dropped by 37.5% in the past month, and by over 41% in the past two weeks. It has plummeted by 18.6% in the last seven days, reaching a new low of $0.03.

The popularity of the Trump family meme coin cools down

Trump's meme coin TRUMP once gave freedom to many early leek riches, and instantly surpassed the well-known pepe (PEPE) and Shiba Inu (SHIB) and other meme coins, TRUMP's coin price once soared to $73, has now slipped to $15, market value lost 79%.

MELANIA was launched at $1.86, reaching an ATH of $8, and has now fallen to $1.39, a rapid decline of about 88%.

Pizza connoisseur Dave Portnoy, a strong promoter of his own meme coin JAILSTOOL, saw its price surge and plummet within 24 hours, dropping from $0.2 on February 9 to $0.025.

These celebrity meme coins, whether they are created by celebrities or ordinary people, always carry the influence of popular culture, and they can always become popular in the short term. However, the heat usually cannot last long. The best example is Dogecoin (DOGE), which, despite having a strong supporter like Musk, still cannot break through the ATH of $0.73. However, although meme coins are extremely risky, they are the favorite new hot alternative coins sought by short-term investors for seeking wealth in risk.(There is no such thing as a shit coin)

This article is not so popular anymore! Celebrities such as Trump, Mother, and Daddy Tate have an average meme coin crash of over 78%, first appeared on Chain News ABMedia.