Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Celebrity Tokens on Solana Crash Over 70%

Celebrity Tokens on Solana Crash Over 70%

CoinomediaCoinomedia2025/08/24 12:20
By:Ava NakamuraAva Nakamura

Over 30 celebrity tokens launched on Solana in June have dropped more than 73%, raising concerns about hype-driven projects.Hype Over Substance?Lessons for Investors

  • Over 30 celeb tokens on Solana are down 73%+
  • Tokens launched in June 2024 during a hype wave
  • Investors question the sustainability of celebrity memecoins

In June 2024, Solana ($SOL) witnessed an explosion of celebrity-themed tokens, with stars from music, sports, and entertainment launching their own memecoins. These tokens, often promoted on social media with flashy promises and community hype, drew in waves of retail investors hoping for quick gains. However, less than three months later, the majority of these tokens have crashed — and hard.

According to blockchain analytics, over 30 of these celebrity tokens are now down at least 73% from their all-time highs. For many early buyers, that translates to massive losses in a short span of time.

Hype Over Substance?

Most of these tokens were created with little to no utility, relying solely on the fame of their associated celebrity to drive interest. Some projects even lacked clear roadmaps or transparent development teams, raising questions about their long-term intentions.

The celebrity memecoin wave was fueled by viral posts and influencer-driven hype. While this strategy worked in the short term, the absence of real use cases and sustainable ecosystems made it difficult for these tokens to maintain their value once the initial excitement faded.

🚨 BIG: Over 30 celebrity tokens launched on $SOL in June 2024 are down at least 73%. pic.twitter.com/jTdouDe8ZN

— Cointelegraph (@Cointelegraph) August 24, 2025

Lessons for Investors

The crash of these celebrity tokens serves as a wake-up call. Crypto investors, especially in the memecoin space, must be cautious and do thorough research before jumping into trend-driven tokens. Celebrity endorsements alone are not enough to ensure a project’s success or longevity.

For Solana, while the network continues to host some of the fastest and cheapest transactions in the industry, its open nature also means it can be used to create questionable projects. Going forward, the focus may shift towards encouraging quality and sustainability over quick wins and hype cycles.

Read also:

  • 75% Chance of Fed Rate Cut in September
  • Celebrity Tokens on Solana Crash Over 70%
  • Whales Scoop 500K Ethereum in 48 Hours
  • XRP Bullrun Could Mirror 2015–2018 Pattern
  • Top RWA Tokens BlackRock Might Be Eyeing
Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Quantum-Resistant Bitcoin Custody: Sovereign Strategies for a Post-Quantum Future

- Quantum computing threatens Bitcoin's ECDSA/SHA-256 security via Shor's/Grover's algorithms, risking private key exposure for sovereign reserves. - El Salvador mitigates this by distributing $678M BTC across 14 wallets with <500 BTC each, reducing quantum attack surfaces while maintaining transparency. - NIST's post-quantum standards (CRYSTALS-Kyber, SPHINCS+) and institutional custody solutions now integrate quantum-resistant cryptography ahead of 2035 transition deadlines. - Sovereign crypto-agility st

ainvest2025/08/31 00:45
Quantum-Resistant Bitcoin Custody: Sovereign Strategies for a Post-Quantum Future

Bonk (BONK): At a Pivotal Technical Crossroads — Reversal or Breakdown?

- Bonk (BONK) trades near $0.00002212, testing a critical "golden pocket" reversal zone supported by Fibonacci levels and volume profile. - Technical indicators show mixed signals: price below key moving averages but RSI stabilizing and 20-day EMA curving upward. - Institutional activity splits outcomes: Safety Shot's $25M investment boosts liquidity, while declining open interest ($73M→$29M) signals bearish conviction. - A $0.000022 breakout could trigger a 65% rally to $0.000037, but breakdown below $0.0

ainvest2025/08/31 00:30
Bonk (BONK): At a Pivotal Technical Crossroads — Reversal or Breakdown?

The Transatlantic Crypto Divide: Navigating Divergent US and EU Regulatory Pathways

- The 2025 transatlantic crypto divide sees the U.S. and EU adopting contrasting regulatory frameworks, creating compliance challenges and market opportunities for global firms. - The U.S. GENIUS Act and CLARITY Act establish a dual federal-state model for stablecoins and commodity-classified tokens, while the EU enforces MiCA's harmonized licensing and AML requirements. - U.S. enforcement actions against crypto crimes and EU operational resilience mandates under DORA highlight divergent risk management pr

ainvest2025/08/31 00:30
The Transatlantic Crypto Divide: Navigating Divergent US and EU Regulatory Pathways

SOL Up 25.65% as On-Chain Metrics and Ecosystem Growth Signal Strong Momentum

- Solana (SOL) surged 25.65% in 24 hours, driven by 100M+ daily transactions and 40% weekly growth in DeFi/NFT usage. - Ecosystem expansion includes new Solana Foundation open-source funding, rising validator count, and reduced transaction latency. - On-chain metrics show bullish momentum: $180+ price consolidation, tighter MVRV ratio, and 30% decline in short-term selling. - Analysts highlight Solana's scalability advantages and lack of bearish divergences as factors supporting continued price strength.

ainvest2025/08/31 00:18
SOL Up 25.65% as On-Chain Metrics and Ecosystem Growth Signal Strong Momentum