The rise and fall of celebrity meme tokens: how these celebrity-backed tokens have dumped in the current bull market.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
This past week, a new Galaxy report revealed Ethereum’s decentralized governance avoids direct on-chain voting, detailing key stakeholder roles and transparency challenges.
In other news, most celebrity tokens have fallen over 60% since launch, except for Iggy Azalea’s Mother Iggy (MOTHER) token, and Arthur Hayes unstaked $9.41 million worth of Pendle (PENDLE) tokens, raising community concerns about a potential price dump.