1. 'Running Away with Money' Award: Sahil Khan ($SAHIL)
Celebrity Protagonist: Indian fitness influencer and actor
Crash Spectacle: In May 2024, after launching a token on Solana, the price instantly plummeted by 100% (almost to zero). He and his partner withdrew all the funds from the liquidity pool (LP), netting around $200,000, and then quickly deleted all social media posts to escape. A textbook case of a 'Rug Pull' scheme.
2. 'Self-Destructing Truck' Award: Iggy Azalea ($MOTHER)
Celebrity Protagonist: Australian rap star
Dramatic Scene: Her token $MOTHER once surged in 2024, reaching a market cap of over $100 million, but then fluctuated drastically due to internal team disputes, allegations of market manipulation, and her public feud with influential figures in the crypto community. Although it didn't completely go to zero, it plummeted more than 90% from its peak, making the process extremely dramatic and serving as a typical cautionary tale of 'celebrities launching tokens disorderly.'
3. 'Born at the Wrong Time' Award: Davido ($DAVIDO)
Celebrity Protagonist: African superstar singer
Crash Spectacle: In June 2024, shortly after launching his token, he was accused of being a 'scam', with the community alleging he cashed out around $500,000. Subsequently, the token price plummeted nearly 100% (to zero). Worse still, he faced a collective lawsuit from investors, creating a very awkward situation.
4. 'Concept Bubble' Award: Almost all sports star tokens
Celebrity Protagonist: Numerous stars from football, boxing, and other fields (such as Rio Ferdinand, boxers, etc.)
Common Phenomenon: Many sports stars issued fan tokens during the bull market of 2021. After an initial surge of popularity, the vast majority fell into a prolonged downtrend and liquidity exhaustion, with many dropping over 95% from their historical highs. They perfectly illustrate that tokens with no actual utility, supported only by fame, ultimately struggle to escape the fate of value regression.
