The average price of meme coins launched by “celebrity” on Solana fell by 94% last month

Jupiter business expansion manager Slorg posted on the X platform that last month, the Solana network gave birth to 30 MEME tokens launched by celebrities, including celebrities from Andrew Tate to Soulja Boy, which were once very popular. Now each celebrity coin has fallen from its all-time high, with an average drop of 94%. Even the best-performing tokens have fallen by more than 70%, but the extent of the loss is shocking. Half of them have fallen by more than 99%, which is only about a month in their life cycle. As of this writing, 22 of the 30 celebrity MEME coins have a market value of less than $1 million. Some of these tokens remain "active" because they are mentioned regularly.