As a seasoned crypto investor, I’ve seen my fair share of celebrity-backed projects, and I approach new ones with a healthy dose of skepticism. The announcement of Amber Rose Levonchuck’s MUVA token on the Solana ecosystem is intriguing, but I’m not jumping in blindly.
Amber Rose Levonchuck, an American model and rapper, has joined the trend of meme coins by introducing her own coin called MUVA.
On June 24th, she playfully asked her 3.5 million followers on X (previously known as Twitter), “Are you all prepared for the release of my new coin?” A few days after this post, MUVA was officially launched and it operates within the Solana blockchain ecosystem.
Promise of Commitment and Transparency
As a crypto investor, I would caution you based on my own experience. When I first came across Amber Rose’s mention of a new token on her social media account, I was intrigued but wary. Having seen similar situations before with fake crypto projects and rug pulls or pump-and-dump scams, I felt it necessary to share a word of caution. The blockchain detective ZachXBT has made it his mission to uncover the truth behind such activities, and his warnings should not be taken lightly. Let’s exercise due diligence before making any hasty decisions.
The 40-year-old American model admitted that she had limited understanding of the crypto market during her promotional activities for various projects. However, she wants her fans to know that she’s since gained more knowledge on the subject and is committed to supporting MUVA’s success.
In a recent post on platform X, she expressed her intention to speak directly to the community regarding some past promotional content. When creating those posts, she admittedly lacked the extensive crypto knowledge she possesses now. At the time, she wasn’t fully aware of the intricacies of paid promotions within the crypto sphere. However, going forward, she pledged her unwavering dedication to this project and promised increased engagement.
She further promised to “provide transparent and informed communication to the MUVA community.
Not the First
As a concerned crypto investor, I’ve been following the developments at BlockBeats with great interest, especially their recent assurance of commitment to the meme project. However, I can’t help but raise some concerns regarding the token distribution. It’s essential for transparency and fairness that the distribution of tokens is balanced and equitable among all participants in the community.
The company announced that an newly generated address associated with MUVA has already obtained a 7.2% share of the token’s entire supply. To date, this wallet has offloaded a total of 227 SOL, which translates to approximately $33,000 given the current market price of $145 per SOL.
At present, Amber Rose isn’t the only famous figure who has introduced a meme coin recently. Previously last month, Australian rapper and model Iggy Azalea unveiled her own digital currency named MOTHER.
With the hype surrounding the token, I’ve decided to resurrect the mobile phone company I helped establish. My goal is to allow users to buy phones and pay their bills using this token as a payment method, thereby enhancing its functionality.
Androw Tate, a well-known media figure and ex-kickboxer, has joined the meme coin market by backing a coin named Daddy Tate (DADDY) in May. He announced his support on social media platform X.
Parents, both Mother and Father, have achieved significant success individually, surpassing the $300 million mark in their respective portfolios prior to the recent market slide impacting token prices.
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2024-06-28 12:58