Top 7 Famous Celebrity Token Rug Pull Incidents in History
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Top 7 Famous Celebrity Token Rug Pull Incidents in History
Don't blindly trust celebrities!
Navigating Web3 tides with focused insightsAuthor: Pix, NFT Researcher
Translation: 1912212.eth, Foresight News
The internet remembers, especially past wrongdoings. A project cannot succeed simply by leveraging celebrity endorsements, nor can celebrities endorse anything for money without底线. Reputation matters—celebrities who value their integrity will earn lasting respect, while those who defraud their fans will carry a stain. The same holds true for both celebrities and crypto projects.
Since 2017, some celebrities have continuously promoted or launched scam tokens. Below are the seven largest celebrity rug pull incidents in history:
1. Davido (American singer)
In 2021, he endorsed RapDoge and sold $300,000 worth of tokens to his fans.
Davido did the same with six other token projects, including one he recently launched.
2. Adin (Popular gaming streamer)
During the 2021 crypto bull run, influencers revealed their true colors. Adin was paid $186 to promote a token during a live stream.
Shortly afterward, he admitted it was a scam...
3. Lindsay Lohan (American actress and singer)
As early as 2021, she promoted several tokens, including DaughterDoge and MetaNetflix. Both were rug-pulled.
She also promoted Canine Cartel NFTs, which eventually went to zero.
4. Floyd Mayweather (Famous former professional boxer)
2017: Centra ICO
2021: EMAX Coin
2022: Bored Bunny NFT, Floyd Mayweather NFT, Floyd’s World, Bored Bad Bunny (all went to zero)
Fun fact: The SEC sued him in 2018. He paid a $614 fine but continued promoting projects afterward.
5. Shaquille O'Neal (Former NBA star)
If you're an OG in the space, you've definitely heard of Astrals on SOL. Shaq co-founded the Solana NFT series "Astrals."
But when FTX collapsed, he abandoned the project. Users were furious, and he was sued in September 2023.
6. Lil Uzi Vert (real name Symere Bysil Woods, American rapper)
During the Solana summer of 2021, Lil Uzi Vert decided to become the ambassador for the Eternal Beings collection.
After launch, he quickly deleted the post, and the project ultimately failed.
7. Rich the Kid (real name Dimitri Leslie Roger, American rapper)
He co-founded an NF collection named after himself and promoted it. They raised about $2 million in total—then disappeared.
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