From Cointelegraph: 2024-06-07 15:25:00

In the current bull market, celebrity meme tokens have experienced significant fluctuations, with some seeing a rise in popularity followed by a sharp decline. These tokens, backed by celebrities, have faced issues such as lack of utility and rug pulls, leading to massive sell-offs. Investors should exercise caution when considering celebrity meme tokens.

Read more at Cointelegraph: Ethereum governance, and the downfall of celeb tokens: Finance Redefined