According to recent reports, the breast coin projects supported by celebrities have experienced significant decreases. Some Coins have lost more than 80 %value than the highest values of all time. It is seen that investors are now turning to more realistic and worldwide projects.
The value of famous breast coin projects fell 80 percent
According to Messar data, popular tokens such as Mother, Daddy, Trump, Melania and Jailstool have decreased by an average of 78 %from the summit values. Mother and Daddy Tokens are associated with Australian rap artist Iggy Azalea and social media phenomenon Andrew Tate, respectively. Both tokens had reached AC levels in June and July 2024, but since then they could not recover and each suffered a loss of value of over 80 %.
On the other hand, Trump Coin decreased by more than 60 %, while Mellania token saw more than 80 %loss. Trump Coin fell to the lowest level of all times after the war of tariffs initiated by the US President. Token, a week ago, had already declined by 72 %of the ACC level.
Investor’s interest decreased
The open position rate of Trump Coin also declined. The open position refers to the number of derivative contracts that are open in total and shows that investor interest is reduced. This indicates that investors have lost their confidence in Token and shows that they prefer to leave the market. Other famous tokens are experiencing similar problems. Ivanka Trump rejected Ivanka Coin, explaining that he had no connection with crypto currency. The value of Jailstool breast coin has also made a significant decrease.
On the other hand, Jailstool Breast Coin was introduced by Dave Portnoy, the founder of Barstool Sports, and this promotion led Token’s market value to 100,000 %per night. However, despite the decline, Portnoy said he would continue to support Token. Portnoy said, “And no matter what I do, I will continue to take root for Jailstool, and I will keep every word I give. If it reaches a market value of $ 200 million, I will invest $ 100,000. I will not sell until it has a billion. I hold them all, ”he said.
The fall of the breast coins supported by celebrities once again reveals the risks of speculative investments. In addition, according to a recent report, 76 %of the breast coins introduced by influencers depreciate more than 90 %in three months and investors are experiencing great damage.
