Celebrity-backed digital currencies like JENNER, DAVIDO, and RICH have seen significant declines of at least 66% since their inception. However, Iggy Azalea's "MOTHER" token has defied this trend, reaching new all-time highs and achieving a market cap of $130 million.

Another notable launch was Caitlyn Jenner's "JENNER" token, which initially garnered skepticism but managed to surpass a $30 million market cap within its first 24 hours. Despite the celebrity's endorsement, the token has since dropped 79% from its peak but maintains a market cap of $6.1 million.

Rich the Kid's "RICH" token and David Adedeji Adeleke's "Timeless Davido (DAVIDO)" token have also experienced declines, with "RICH" now at a market cap of $678,000 and "DAVIDO" falling 66% to $0.0011.

Tokens associated with Floyd Mayweather, Moneybagg Yo (SPEAK), and Trippie Red (BANDO) have similarly plummeted by about 90%, reflecting the broader downturn in celebrity-linked coins.

In contrast, Azalea's MOTHER token has thrived, reaching a $134 million market cap on June 6, with a new high price of $0.1272.

Hayden Adams, the creator of Uniswap, has shown support for the surge in celebrity-backed digital currencies but suggested they should focus on leveraging their profits for societal causes like healthcare, open-source software, and art, echoing sentiments from Ethereum co-creator Vitalik Buterin.