Article • 7 months ago

The Rise and Fall of Celebrity-Backed Meme Coins: What Investors Need to Know

Summary

Celebrity-backed meme coins experienced rapid price drops within days of launch, highlighting the inherent volatility and risks in the crypto market.
Successful meme coins require more than just celebrity endorsements – clear utility, a strong development team, and community engagement are essential.

Source: https://dailyhodl.com/2024/06/05/fomo-frenzy-versus-community-focus-why-celebrity-meme-coins-need-more-than-star-power/

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