The recent trend of celebrities launching their own memecoins has faced significant challenges, with many tokens experiencing dramatic crashes shortly after their release. Caitlyn Jenner, who launched 12 memecoins on Solana in just four days, reportedly earned $405,000, but her tokens have plummeted in value. Similarly, Iggy Azalea's memecoin, $MOTHER, initially faced a significant drop but rebounded by 620% to reach a $60 million market cap, with a notable $14 million market cap rebound overnight. Despite the initial hype, many of these celebrity-endorsed coins have been criticized for being pump-and-dump schemes, leading to substantial financial losses for investors. Caitlyn Jenner's launch of an Ethereum token to support Trump's presidential campaign also faced scrutiny. The broader crypto community remains skeptical, questioning the long-term viability and ethical implications of these ventures.