'DOGE much larger than D-List celeb memecoins:' MOTHER, DADDY divide the community

MOTHER and DADDY, two celebrity memecoins, have recently experienced volatility in their market performance. MOTHER, launched by rapper Iggy Azalea, saw a 700% increase in value within 30 days but has since fallen below \200 million in market capitalization2. On the other hand, DADDY, a Solana-based memecoin supported by influencer Andrew Tate, reached an all-time high market cap of \340 million but has also faced a decline in market value1. Despite their recent drops in market value, community support for these coins remains strong. Critics argue that celebrity memecoins have no lasting value and are a waste of money, while others see them as part of the cultural impact of memecoins in the cryptocurrency market4.

X user 'legen' expressed a critical view about investing in celebrity memecoins, stating that it's a waste of money. Legen tweeted, "Stop wasting your money on memecoins. 99.9% of them will go to 0. Especially the celebrity ones. It happens every cycle. Don’t be an idiot. Invest in big coins and let it ride." This highlights the user's belief that the majority of celebrity memecoins will eventually lose their value and become worthless, advising against investing in them.