Author: Jesse Coghlan, CoinTelegraph; Compiled by: Deng Tong, Golden Finance

Celebrity-themed crypto tokens experienced a flash-in-the-pan moment in 2024, with public figures hoping to stay ahead of the steady rise in cryptocurrencies Use your fame to make money.

But the value of the short-lived “Celebrity Meme Coin” has plummeted or fallen sharply from its peak since its launch.

Let’s take a look at those Meme celebrity tokens that will disappear if they are not launched in 2024.

Former Olympian Caitlyn Jenner launched her namesake Caitlyn Jenner via Solana memecoin launcher Pump.fun in late May JENNER token.

The launch was marred by confusion, as many believed Jenner's X account had been hacked.

Even the now-deleted video that ensured she was not hacked is considered a deepfake, as other celebrities, including Jenner's ex-stepdaughter Kim Kardashian, have It has been severely punished by the SEC for promoting crypto tokens.

Bubblemaps said that in a subsequent celebrity token launch, a group of wallets held a quarter of the token's supply and sold it early, selling $500,000.

Jenner blamed Arora for the token’s early price decline, claiming he defrauded her team. She then launched the token on Ethereum, which has now essentially lost all value, down 98.5% from its peak, according to CoinGecko.

In November, Jenner was hit with a class-action lawsuit for promoting the tokens, alleging that she and her manager, Sophia Hutchins, "fraudulently solicited financially unsophisticated investments." who […] purchased unregistered securities ”

Australian rapper Iggy Azalea (real name Amethyst Kelly), best known for her decade-old hit single “Fancy,” was released in 5 Month saw the launch of the viral Mother Iggy (MOTHER) token, part of a series of controversial celebrity token offerings purportedly initiated by Sahil.

MOTHER was launched after Azalea accused Arora of using her likeness to launch the token. According to CoinGecko data, MOTHER peaked at 23 cents in early June, butIt is now down about 87% and has been trading around 5 cents for much of the year.

MOTHER briefly topped 20 cents shortly after launch but has failed to move higher since. Source: CoinGecko

This is not for lack of trying on Azalea’s part. She — or someone on her team — has made posting about the coin a full-time job, and there are countless posts about it on X and Telegram every day.

The now-retired rap star has also tried to give the Meme coin "utility," launching an online crypto casino called Motherland just days before Christmas that accepts the token and Relaunched her telecommunications company Unreal Mobile, which accepts MOTHER for its phones and plans.

Cryptocurrency analysis firm Bubblemaps claims that MOTHER saw internal activity at launch, with a handful of wallets buying 20% ​​of the supply before Azalea’s public announcement, and then the wallet immediately selling off, making 2 million USD profit.

Earlier this year, lawyers said U.S. resident Azalea and other U.S. celebrities could run afoul of the local Securities and Exchange Commission, which asserts that most crypto tokens are securities.

Haliey Welch went viral in June, and her slogan is trending again after launching the controversial Hawk Tuah (HAWK) meme coin.

HAWK launched in December, and Bubblemaps analysis said that internal wallets purchased the token and then dumped large amounts of the token upon launch.

Welch denied that her team was involved in any internal activity, but by then HAWK had become a PR nightmare, with a community note on her X post stating that the token Already a bust.

She “copied and pasted” HAWK’s token distribution and issuance schedule.

Welch and her token team—which includes Alex Shultz, aka “The Hollywood Doctor,” runs Memetic Labs, a cryptocurrency consultancy for celebrities — then went live on X and featured YouTube investigator Stephen Fenderson, aka Coffeezilla.

The live stream was later removed from X.

The sharks began to plot in this farce, and the lawyers rounded up the HAWK buyer.They launched a class-action lawsuit on December 20 against Shultz, OverHere, its founder Clinton So, and the Tuah the Moon Foundation, the organization behind the token.

In order to avoid being mentioned in the lawsuit, Welch made her first public statement since the launch on December 20, saying that she was assisting in the class action lawsuit regarding the token and urging HAWK holders to contact the lead The law firm that filed the lawsuit.

It is said that more celebrities have promoted coins this year, but these coins have now fallen from their peak and have been accused of large-scale insider trading, etc.

Jason Desrouleaux The artist’s eponymous token, Jason Derulo (JASON), followed a similar issuance pattern, with its price plummeting and accusations of internal allocations.

JASON is down more than 98% from its highs, and Derulo last posted information about the coin in September, having not done so in the previous two months.

American rapper Cardi B (Belcalis Cephus) launched her WAP (WAP) token in October.

WAP is down 99.7% from its peak and has been accused of allocating more than half of its tokens to insiders. Cardi B has only made about 5 X posts about the coin in total so far.