Ethereum co-founder Vitalik Buterin wrote about the recent craze surrounding celebrity meme coins. Buterin's comment follows a tweet identifying Iggy Azalea's MOTHER token breaking into sustainable value. Celebrity meme coins have seen harsh criticism due to several pump-and-dump incidents in last few weeks. This follows a post suggesting rapper Iggy Azalea's MOTHER token may be showing potential amid criticism surrounding other celebrity meme tokens.
In fact, often quite the opposite: apparently a bunch of Solana memecoins have recently been openly super-racist, said Buterin in a blog post. Celebrity meme coins have been subject to a lot of criticism due to several pump-and-dump schemes that have played out in the last few weeks. Tokens such as Caitlyn Jenner's JENNER and artist Davido's DAVIDO faced fierce criticism for the massive sell-off that followed them, potentially caused by these celebrities dumping on their followers.
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