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**Some Giant Celebcoins Fell in 2024**
As the year draws to a close, many celebrities-turned-entrepreneurs have seen their crypto ventures fail miserably. The latest example of this phenomenon is the downfall of several celebrity-backed coins that have lost an enormous amount of value.
One such coin is JASON, which plummeted by over 98% since its peak. Its creator, Jason Derulo, has not spoken publicly about the matter since his last statement in September. This lack of transparency and accountability has raised eyebrows among investors who feel betrayed by the sudden collapse of their investment.
Another victim of this crash is Cardi B’s WAP token, which dropped a staggering 99.7% in a short span. The rapper and entrepreneur has only posted five times about the project on social media since its launch in October, raising suspicions that she may have prioritized her music career over her crypto venture.
Other notable failures include Lil Pump, Waka Flocka Flame, Davido, French Montana, and Shultz’s HAWK token. These coins have all seen significant losses, with some dropping by as much as 99% in just a few weeks.
It is not just the celebrities who are at fault for these collapses, but also their representatives, such as lawyers Shultz, who shifted the blame onto him in a recent X-post series. It appears that there was no accountability or transparency throughout these projects, leading to massive losses for investors.
As we enter a new year, it is crucial that celebrities and entrepreneurs alike take responsibility for their crypto ventures and be more transparent about their dealings.
Source: www.bitcoinbazis.hu
