Why are people still falling for these celebrities tokens?
More than 51800 traders lost while they invested on this token among the 70200 people that invested on the token. Among the people that lost money, 3 traders lost over $1 million.
People never learn; they fail to understand that popularity does not necessarily translate to profitability in the cryptocurrency market. This celebrity-based token is very similar to memes; it has no clear use case and only thrives on hype. There is no technology behind these coins in general.
We used to have a PAC token that Manny Pacquiao promoted, but it is no longer available in the market. People should be aware of the risks associated with these celebrity-based tokens.