#MileiMemeCoinControversy Miley Cyrus sparked controversy by promoting a meme coin on her social media platforms. Critics accused her of using her influence to scam her fans, as meme coins are often unregulated and volatile. The coin's value surged initially but later plummeted, leaving some investors with significant losses. Cyrus faced backlash for her alleged involvement, highlighting concerns about celebrity endorsements of cryptocurrencies and the potential risks for unsuspecting investors. The incident raised questions about accountability and transparency in the crypto space.