Inventory of the 7 celebrity tokens Rug events in the history of encryption

Original author: Pix, NFT researcher

Original translation: 1912212.eth, Foresight News

The Internet has memory, especially for past “evils” done. A project cannot succeed easily by relying on celebrity endorsements, and celebrities cannot simply advocate for anything as long as they are paid. Reputation is important. Celebrities who cherish their own feathers will be respected in the long run, while those who deceive fans will be tarnished. Celebrities are like this, and encryption projects are the same.

Since 2017, some celebrities have been advocating and issuing fraudulent coins, here are the 7 biggest celebrity Rug events in history:

1. Davido (famous American singer)

He made a call for RapDoge in 2021 and sold $300,000 to his fans.

Davido did the same thing to 6 other project tokens, including one he recently launched.

2. Adin (Well-known game anchor)

In the encryption bull market of 2021, influential people have revealed their true colors. Adin received a reward of $186 for promoting tokens in the live broadcast.

Not long after, he said this was an eyewash…

3. Lindsay Lohan (American actress, singer)

Please provide the text to be translated.

As early as 2021, she promoted several tokens, including DaughterDoge and MetaNetflix. Both were rug pulled.

She also promoted Canine Cartel NFT, NFT eventually went to zero.

4. Mayweather (Former Professional Boxer)

2017: Centra ICO

2021: EMAX coin

2022: Boring Bunny NFT, Floyd Mayweather NFT Mayweather, Floyd’s World, Boring Bad Bunny (all reset to zero)

Interesting anecdote: SEC sued him in 2018, and he paid a fine of 614 USD, but still continued to promote the project.

5. O’Neal (former NBA star)

If you are an OG in the field, you must have heard of Astrals on SOL. O’Neil co-founded the Solana NFT series “Astrals”.

But when FTX closed down, he gave up on the project. Users were quite angry, and he was sued in September 2023.

6. Lil Uzi Vert (real name Symere Bysil Woods, American rapper)

In the summer of 2021, Lil Uzi Vert decided to become the spokesperson for the Eternal Beings series of Solana.

After the release, he quickly deleted the post, and the project eventually fell into trouble.

7.Rich the Kid (real name Dimitri Leslie Roger, American rapper)

He co-founded a series of NF named after him and advocated. They raised a total of about $2 million and then disappeared.