People are turning to celebrities to help them earn $BANK.
Published on December 30, 2024 at 4:54 p.m. CST
Crypto is still confusing to many, but gradually people are coming around to the idea of a digital currency. In doing so, celebrity crypto coins began to appear.
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In the spirit of a meme play, a few entertainment players have decided to leave their mark with plays inspired by themselves.
1. Iggy Azalea
Iggy Azalea’s $MOTHER The coin is currently one of the most successful in gaming. It debuted on the Solana blockchain earlier this year, designed to “leverage Azalea’s extensive social media presence to generate interest and stimulate market demand.”
Azalea fans can use the coin to purchase cell phones and cellular service in participating areas as well as exclusive merchandise on her website.
2. Jason Derulo
Jason Derulo’s $JASON debuted earlier this year, but things went silent in July After accusations that the coin was part of a scam. Another coin on the Solana blockchain, Derulo initially envisioned that people would use the coin to purchase high-end real estate in exotic locations like Dubai.
3. Waka Flocka
Waka Flocka introduced $FLOCA in June and also faced accusations that the coin was a scam. However, he addressed the accusations head on. In a statement, he said: “I didn’t make a dollar out of this. Rather, the only way I benefit is from the people who work with me. We all made this pie together. I didn’t do this alone.
Flocka also noted in his statement, which he shared with Decrypt“I wouldn’t want to make money. I want the platform to thrive first.
4. Caitlyn Jenner
Caitlyn Jenner entered the crypto conversation in May 2024 with $JENNER. The coin could be used, among other things, to contribute to Donald Trump’s campaign. Jenner recently defended herself securities fraud claimsis the subject of a class action.
5. DAVIDO
Davido’s $DAVID is another short-lived coin that has seen rapid rises and falls, leaving investors wondering. The singer would have bought $203 million DAVIDO, or a little more than 20% of the offer, before selling everything after an increase.
6. Cardi B
Cardi B launched $WAP in October 2024, inspired by his hit single with Megan Thee Stallion. Cardi I hope for the room is to give people who don’t understand crypto a safe way to enter the space while providing value to those already in the game.
7. Rich the child
Speaking of hacked accounts, Rich the Kid attempted to Distancing yourself from the $RICH meme coinwhich was promoted from his account in what he claims was a hack.
8. Hailey Welch (Hawk Tuah)
Hailey Welch, also known as Hawk Tuah girl, has been making headlines all year. This all resulted in its own coin, $FALCON. Like a few other stocks listed here, it experienced a meteoric rise and an equally astonishing fall: a telltale sign of trouble that infuriated investors, who have since filed a lawsuit.
Welch was the subject of most of the backlash. Yet, as these various scenarios have proven, there are more people involved in the inner workings of cryptocurrency than there are famous faces used to promote the coins. Only time will tell what type of regulations or processes will be put in place to prevent facetious coins from entering the market. Clearly, celebrity crypto coins are off to a rocky start.
The Daily Dot looks back on the year which constituted our review of the year 2024.
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