The average drop of famous MEME coins on Solana reached 94%

Jupiter's business expansion manager Slorg posted on the X platform last month that the Solana network created 30 MEME tokens launched by celebrities, including well-known figures such as Andrew Tate and Soulja Boy, which were once very popular. However, currently every celebrity coin has fallen from its historical high, with an average drop of 94%. Even the best-performing tokens have fallen by more than 70%, and half of the tokens have fallen by more than 99%, and this is only about a month in their life cycle. As of the time of writing, 22 of these 30 celebrity MEME coins have a market value of less than $1 million. Some tokens are still active because they are regularly discussed on Twitter. Co-founder of Ethereum, Vitalik, expressed his dissatisfaction with this round of celebrity experiments last month, believing that financialization is a means to an end, but it is difficult to accept if the goal is the product.