Related Reading: Analyst Warns Of A POPCAT Correction Following 230% Surge An X user stated that "Iggy should be included in this group” as she seems to be "working her ass off, hasn’t sold a single token, spends hours communicating with holders.” Another user considers MOTHER’s launch "an example of what we would hope for from a celebrity.” They asserted that the token "would be a great blueprint to follow.” As of this writing, MOTHER has seen a 23.1% drop in the last 24 hours, trading at $0.059.
But with "only 40% tweeting about the token at least once in the last week, most have followed the same trajectory of an initial pump, and then nothing.” Some community members called the celebrity meta "pure exploitation, engagement farming their fan base.” However, the MOTHER community defended the token after the report.
Analysts Weigh In The Rise Of Solana-Based Celebrity Memecoins In late May, Olympian and reality TV star Caitlyn Jenner launched her Solana-based JENNER token.
The story "Solana’s Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin" has 586 words across 83 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Solana’s Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin" was covered 13 hours ago by NewsBTC, a news publisher based in United Kingdom.
How trustworthy is 'NewsBTC' news outlet?
NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United Kingdom and publishes an average of 7 news stories per day.
It's most recent story was published 18 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
