investincrypto

When celebrities launch tokens, it's essentially a way to exploit long-term holders. 

Diamond hands are usually reluctant to sell their tokens, but when they see a celebrity getting involved, they can’t help but support it.

On the other hand, these celebrities have no emotional attachment to the ETH or SOL they receive, so they immediately cash out into stablecoins.

Last time, celebrities sold NFTs to drain ETH holders; this time, they’re selling meme coins to drain SOL holders