Celebrity meme coins surged on Wednesday after popular artists Iggy Azalea and Davido launched their tokens.
Iggy Azalea and Davido are latest celebrities to enter the meme coin market with their token launches. Celebrity meme coins have seen massive price surges this week, accompanied by a series of controversies. Scammers often leverage meme coins to conduct crypto frauds like pump-and-dump and rug pulls. The rise of celebrity meme coins has also seen several controversial token launches, which put users at risk of potential rug pulls or pump-and-dump scams.
Considering the popularity of celebrities, these token launches have garnered millions of dollars after launch. However, they risk being manipulated by insiders or investors holding huge portions of them. Read more:Alleged Caitlyn JENNER token sparks debate following claims of account hack Additionally, several celebrities have complained of hackers compromising their social media accounts to shill fake token launches before dumping their bags on investors.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iggy Azalea’s MOTHER memecoin triumphs over scandal-ridden IGGYThe Aussie artist launched her own memecoin project as she continued to distance herself from the scandal-tainted project bearing her name.
Read more »
New Iggy Azalea token has 'huge insider activity' — analytics firmBlockchain analytics platform Bubblemaps stated that the MOTHER team sold over 109 million tokens to an insider who later sold them into the market.
Read more »
Iggy Azalea distances herself from alleged scammer's $300K memecoinAzalea joins a growing list of celebrities unveiling ties to alleged serial scammer Sahil Arora as a project with the artist’s name nets $300,000 in presale.
Read more »
“Who’s Solana?”: Rapper Iggy Azalea Shows Interest in CryptoThe Australian rapper, who's best known for her massive hit "Fancy," has taken interest in Solana
Read more »
Celebrity 'Un-Endorses' Biden After Israel Weapons UpdateThis week, Biden confirmed reporting that the U.S. was pausing a shipment of weapons to Israel.
Read more »
Mother’s Day breakfast pancake recipe from celebrity chef has fruit finish to make mom smileCelebrity chef Robert Irvine shared a Mother's Day breakfast recipe with Fox News Digital ahead of the celebratory day. These delicious pancakes can be made for mom or any special family figure.
Read more »