The Celebrity-Fueled Memecoin Hype of the Past Couple of Months Has Proven to Be Just as Short-Lived as Many Market Participants Expected

Only three of the celebrity-backed memecoins have been able to maintain a market capitalization greater than $50 million

Celebrity-backed memecoins have taken a massive hit over the past couple of months, with a majority of the tokens now down by 99%.

Out of the 30 memecoins tracked by CryptoSlate, only three have been able to maintain a market capitalization greater than $50 million. 24 of the tokens have also seen Fall, Fall, Fall, Fall, Fall, Fall, Fall, Fall, Fall, Fall, Fall, Fall Fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall Fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall fall Fall fall fall fall fall fall 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