Celebrity Coins Plummet: Average Decline Hits 78%
Since their ATH, celebrity coins like MOTHER, DADDY, and TRUMP have plunged an average of 78%. Some have lost over 80% of their value.
- The average decline of five major celebrity coins has reached 78%.
- TRUMP dropped over 60%, while MELANIA and others fell by more than 80%.
- MOTHER and DADDY have not recovered since their ATH in mid-2024.
Celebrity Coins Face Massive Decline
The hype around celebrity-themed cryptocurrencies appears to be fading, as major coins tied to public figures have seen significant losses since their all-time highs (ATH). According to Messari, five of the most well-known celebrity coins—MOTHER, DADDY, TRUMP, MELANIA, and JAILSTOOL—have experienced an average decline of 78% from their peaks.
Breaking Down the Losses
Among the hardest-hit assets, MELANIA has dropped by more than 80%, while TRUMP has fared slightly better with a decline of over 60%. Meanwhile, MOTHER and DADDY, which reached their ATHs between June and July 2024, have never managed to recover, both witnessing losses exceeding 80%.
What’s Next for Celebrity Coins?
These declines raise questions about the long-term viability of celebrity-themed tokens. While hype and influencer backing can lead to explosive short-term gains, the recent downturn suggests that sustaining value in such projects remains a challenge. Investors should exercise caution, as extreme volatility continues to define this niche of the crypto market.
