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.