Decrypt: The Fascination Behind Degens’ Rush to Create Meme Coins Upon Celebrity Demise

The passing of O.J. Simpson has led to a rise in the creation of meme coins on blockchain platforms like Solana and Base. Names such as “OJ Simpson” and “RIP OJ Simpson” have quickly gained popularity, amassing millions in trading volume. However, these coins often experience a rapid decline shortly after being launched. The simplicity and affordability of creating tokens on these platforms have contributed to the proliferation of meme coins linked to current trends, such as celebrity deaths. Services like Pump on Solana make it even more accessible for individuals without technical knowledge to produce meme coins with minimal fees. This trend highlights the speculative nature of meme coins and their ability to take advantage of public attention without providing any significant value.