Doja Cat Cries Wolf after $1.6 Million Memecoin Crash

The celebrity memecoin cycle is still ongoing. Rapper Doja Cat’s name is the latest caught up in the frenzy. The WATER memecoin on Solana has also drawn attention for high-profile soccer star endorsements. The crypto industry is often swept up in a new trend, few as controversial as the celebrity memecoin cycle. This trend often features pump-and-dump schemes by popular figures who wield their influence to promote projects. Less than two months ago, the process picked up pace again, marked by the aggressive promotion of new projects by multiple personalities. While the frenzy has only started to cool, another

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