The Year of the Celebrity Crypto Coin: A Look Back at the Scams, the Hacks, and the Epic Fails

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As crypto continues to gain mainstream attention, several celebrities have hopped on the bandwagon by launching their own crypto coins. These coins, often created in the spirit of meme coins, aim to capitalize on the hype surrounding digital currencies and the celebrity's fame. Here's a rundown of some of the most notable celebrity crypto coins of 2024:

1. Iggy Azalea's $MOTHER Coin

In her conversation with @rsafian, rapper and musician @IGGYAZALEA discussed pivoting from music into cryptocurrency and revealed the story behind founding @DreamVaultCo and @UNREALMobile. Watch here: https://t.co/v34hndxMy9

Iggy Azalea's $MOTHER coin has quickly become one of the most successful celebrity crypto coins. Debuting on the Solana blockchain earlier this year, the coin is designed to “leverage Azalea's extensive social media presence to generate interest and drive market demand.” Azalea's fans can use the coin to purchase cell phones and service in participating areas and exclusive merchandise on her website.

2. Jason Derulo's $JASON Coin

Plan is in motion $Jason

Jason Derulo's $JASON coin debuted earlier this year, but things went silent in July after accusations that the coin was part of a scam. Another Solana blockchain coin, Derulo had originally envisioned people using the coin on high-end real estate buys in exotic locales like Dubai.

3. Waka Flocka's $FLOCKA Coin

THE SQUAD IS NEVER FOLDING $FLOCKA 🫵🏾😤It will take time but this redemption arc is serious. If you want to be part of it LMK and join the TG 👇🏾https://t.co/N29zQI9QSd

Waka Flocka introduced his $FLOCKA coin in June and also faced accusations that the coin was a scam. However, he has addressed the accusations head-on, saying in a statement, “I didn’t take a dollar out of it. If anything, the only way I'll take profit is for the people that work with me. We all made this pie together. I didn’t do that all on my own.” Flocka also noted in his statement, which he shared with Decrypt, “I wouldn't want to make no money. I want the platform to flourish first.”

4. Caitlyn Jenner's $JENNER Coin

Our founder is everywhere. We are $Jenner strong and bullish and committed as ever. Check out the article and episode on @FOS and @FOS_Today Jenner’s criteria for being in web3: How can I contribute positively to 1. The Industry2. Projects 3. Holders https://t.co/ZClb73EuEl

Caitlyn Jenner joined the crypto conversation in May 2024 with her $JENNER coin, which could be used to contribute to Donald Trump's campaign, among other things. Jenner recently defended herself from securities fraud claims in a class-action lawsuit.

5. Davido's $DAVIDO Coin

The King of SOL is here ! $DAVIDO https://t.co/dUaq0tQsOR

Davido's $DAVIDO coin is another short-lived crypto that experienced a quick rise and fall, leaving investors with questions. The singer allegedly purchased 203 million $DAVIDO, just over 20% of the supply, before selling it all after a rise.

6. Cardi B's $WAP Coin

Happy Monday!!! Hope everybody started their week off with a little $WAP 🐈‍⬛💦 pic.twitter.com/qjuV7n4rJc

Cardi B launched her $WAP coin in October 2024, inspired by her hit single with Megan Thee Stallion. Cardi's hope for the coin is to give people who don't understand crypto a safe way to enter the space while also offering value to those already in the game.

7. Rich the Kid's $RICH Coin

$RICH $RICH $RICH $RICH $RICH

Speaking of hacked accounts, Rich the Kid has tried to distance himself from the $RICH meme coin, which was promoted from his account in what he claims was a hack.

8. Hailey Welch's (Hawk Tuah Girl) $HAWK Coin

Hawk is live!!!HAWKThXRcNL9ZGZKqgUXLm4W8tnRZ7U6MVdEepSutj34 pic.twitter.com/9GFgYwpeFA

Hailey Welch, also known as the Hawk Tuah girl, has made headlines all year. This all culminated in her own coin, $HAWK. Like a few others listed here, it experienced a meteoric rise and an equally astonishing fall: a tell-tale sign of trouble infuriated investors, who have since pursued legal action.