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Celebrity Meme Coins like TRUMP, DADDY, and MOTHER Plunge: Losses Near 80% from ATHs

Celebrity Meme Coins like TRUMP, DADDY, and MOTHER Plunge: Losses Near 80% from ATHs

CointimeCointime2025/02/11 16:09
By:Cointime

From beincrypto by Lockridge Okoth

Celebrity Meme Coins like TRUMP, DADDY, and MOTHER Plunge: Losses Near 80% from ATHs image 0

Celebrity-endorsed meme coins have experienced significant downturns, with some losing over 80% of their value from all-time highs (ATH).

The report comes following revelations that crypto investors may be shifting focus towards projects with real-world value.

Celebrity Meme Coins Fall Nearly 80%

According to data from Messari, prominent tokens such as MOTHER, DADDY, TRUMP, MELANIA, and JAILSTOOL have seen an average decline of 78% since their peak valuations.

Celebrity Meme Coins like TRUMP, DADDY, and MOTHER Plunge: Losses Near 80% from ATHs image 1   Celebrity Meme Coins Performance. Source: Messari on X

MOTHER and DADDY tokens are associated with  Australian rapper Iggy Azalea  and social media personality  Andrew Tate , respectively. Both tokens reached their ATHs in June and July 2024. However, they have failed to recover since, with each plummeting by more than 80%.

Meanwhile, the  TRUMP coin  has decreased by over 60%, while the  MELANIA token  has suffered a decline exceeding 80%. The TRUMP coin recently  hit a new all-time low  amid escalating geopolitical tensions, including a  tariff war initiated by the US President . The token had already recorded a  72% drop from its ATH  just a week prior.

Additionally, the coin’s  open interest —a measure of the total number of outstanding derivative contracts—has declined. This indicates waning investor interest and potential market exit.

Open interest is a crucial metric in the crypto market. Declining open interest often signals that traders are closing their positions, interpreted as a lack of confidence in the asset’s future performance. This trend suggests investors are increasingly cautious about the TRUMP coin’s prospects.

Other celebrity-associated tokens have also faced challenges. Ivanka Trump, who denied any association with cryptocurrency,  disavowed the IVANKA coin . JAILSTOOL meme coin has also recorded a significant drop.

Celebrity Meme Coins like TRUMP, DADDY, and MOTHER Plunge: Losses Near 80% from ATHs image 2   JAILSTOOL Price Performance. Source: TradingView

Dave Portnoy, founder of Barstool Sports, played a pivotal role in promoting the JAILSTOOL meme coin. His endorsement led to an astonishing overnight surge in its market capitalization by 100,000%. Despite the downturn, Portnoy remains committed to the token.

“…and regardless of what I do, I will continue to root for JAILSTOOL and honor every commitment I made. It goes to a $200 million market cap again, I’ll dump $100,000 into it. I will not sell a dime until 1 billion. I am still holding it all. I could have sold at 6 million. Didn’t,” Portnoy  shared .

The decline of celebrity-endorsed meme coins mirrors the inherent risks in speculative investments. It also aligns with a recent report, which revealed the meme coin mirage. According to the report,  76% of influencer-promoted meme coins lose over 90% of their value within three months , leaving investors in losses.

Celebrity Meme Coins like TRUMP, DADDY, and MOTHER Plunge: Losses Near 80% from ATHs image 3   Success Rate of Influencer Predictions based on Followership. Source: CoinWire Research

Investors Pursue Tokens With Actual Value

In response to meme coins’  volatility  and associated risks, many  crypto investors are shifting their focus  toward altcoins with tangible real-world applications.

Projects emphasizing decentralized finance ( DeFi ) and the  tokenization of real-world assets  (RWA) are gaining traction. This trend reflects a growing preference for investments that offer practical utility and long-term value over speculative ventures.

“Technically innovative launches are getting hype again…It’s not just your Degen monkey brain blindly aping into meme coins or simping for a new Celeb Coin – your analytical research skills can be put to action again,” DeFi expert Ignas  shared  recently.

Meanwhile, this data follows reports of concerning developments around celebrity meme coins. For instance, Senator Elizabeth Warren recently called for federal scrutiny of the TRUMP and MELANIA coins. As BeInCrypto reported, she raised concerns about potential  ethical violations and the need for regulatory oversight .

  The hype surrounding the TRUMP meme coin has also attracted malicious actors. Scammers exploited the frenzy to orchestrate a rug pull,  defrauding investors of approximately $857 million . Moreover, blockchain analysis revealed that  94% of TRUMP and MELANIA tokens are concentrated in 40 wallets . This indicates a high level of centralization and potential market manipulation.  

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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