Market Watch

Rappers Moneybagg Yo, DaBaby & Rick Ross Release Memecoins, with All Tokens Ending in Rug Pulls

Moneybagg Yo is  being accused of allegedly scamming his fans after releasing his own coin called $SPEAK. Rick Ross launches $BOSS token on Solana after doubting crypto and NFTs a year ago.The BOSS token hit a $11 Million dollar market cap before it crashed 99% 3 days after launch. 

DaBaby’s memecoin, $BABY, launched with massive hype, reaching $27 million in trading volume within hours. However, the momentum collapsed quickly. Within five minutes, the token’s price plunged 32.74%, leaving many investors at a loss. Timing played a crucial role in the crash. By the time DaBaby promoted $BABY on social media, early buyers had already taken profits.

Retail investors who bought in after his tweet found themselves holding a rapidly depreciating asset. This pattern is common in celebrity-backed memecoins. While hype drives initial demand, early entrants often exit before the broader audience reacts. $BABY, $BOSS & SPEAKjoins a growing list of tokens that skyrocketed on celebrity influence before quickly losing value.

Terron Gold

Recent Posts

Coinbase Brings Bitcoin Collateral to Fannie Mae Mortgages, Expanding Crypto’s Role in Homeownership

Coinbase is helping bring cryptocy deeper into the U.S. housing market through a partnership with Better Home…

5 days ago

Republican Lawmaker Wants Prediction Markets Added to Congressional Stock Trading Ban

A growing bipartisan effort to curb financial conflicts of interest in Washington is expanding beyond…

5 days ago

ElmonX Brings Piet Mondrian Into Web3 Through New Doodles Collaboration

The worlds of fine art and digital collectibles are colliding once again as ElmonX prepares to launch…

6 days ago

VeVe Launches Stickerverse With Telegram Integration, Bringing Digital Sticker Collecting to Web3

VeVe is expanding beyond digital collectibles and comics with the launch of Stickerverse, a new social…

6 days ago

Kalshi Expands Into Ethereum Perpetual Futures Following Bitcoin Launch

Kalshi is moving quickly to expand its newly approved crypto derivatives business after announcing plans to…

6 days ago

Andrew Yang’s Noble Mobile Acquires Crypto-Powered Helium Mobile

Former U.S. presidential candidate Andrew Yang is expanding his presence in the telecommunications industry after Noble Mobile announced the…

7 days ago