Another case that is gaining popularity right now is the rugs of celebrities

Everyone remembers the run of celebrity tokens during May and June.

But it's already August... And most of them lost -99.9% of value.

The average drop is 94%. The best-performing ones faced a drop in more than 70%.

And only 8 tokens have a market cap bigger than $1 million.

Despite this, memecoins are important for crypto.

◾ They give emotions we all looking for. Like a casino in Web2

◾ They give the possibility to earn enough money to retire the whole bloodline

◾ They have a higher chance to bring masses to crypto

◾ Internet lies on a meme culture. So we can't ignore it

Funny enough, memecoins have a capitalization of $44.94B. That's almost 2% of the whole crypto industry.

And that's only the beginning👀