In June, Solana’s blockchain became a hotspot for new celebrity-themed meme coins, showing significant activity within the ecosystem. However, despite the initial buzz, many of these tokens experienced a substantial drop in value shortly after their launch. For instance, celebrity-backed meme coins saw a massive decrease, losing up to 94% of their value within the first month. Unearth the rise and fall of Solana’s celebrity-themed meme coins, analyzing the critical insights of this...