Fame Equals Money: The Celebrities and Cryptocurrencies
Because celebrities know their followers will buy anything, they are starting to turn crypto into their ATM. The formula is simple:
- Hype a useless token / NFT / course
- Let fans pump the price
- Cash out quietly before the crash
And the worst part? It’s all legal (for now).
3 Most Unabashed Celebrity Crypto Scams
1. Donald Trump’s “Mugshot Edition” NFT Grift
“Trump trading cards available as limited editions!”
The Reality
- $4.5 million earned in a day—followed by a -90% drop in price.
- Buyers later learned Trump didn’t even own the project.
- The SEC is investigating for potential securities fraud.
2. Andrew Tate’s “University” Crypto Scam
The Pitch: “I’ll teach you to get rich like me!”
The Reality
- Made over $100 million selling a course with no real strategy.
- Tate never trades live—just posts fake screenshots.
- Students left with empty wallets and zero profits.
3. Elon Musk’s Dogecoin Pump-and-Dumps
“The Doge Is Going to the Moon!” (multiple tweets)
The Reality
- Whales dumped billions after his tweets.
- Elon Musk never warned fans before crashes.
- Now facing a $258 billion lawsuit for market manipulation.
How to Spot a Celebrity Crypto Scam
“Limited time offer!” (classic FOMO trap)
No real use—just hype and memes
Celebrity receives upfront payment—not tokens
“Not financial advice” = legal cover
How to Avoid Getting Scammed
- Don’t take celebrity endorsements seriously—they’re paid actors.
- Check CoinGecko and Etherscan before you buy.
- Don’t be a fool—DYOR (do your own research) first, not last.
- Use decentralized exchanges (DEX) when trading crypto.
The Ugly Truth
Celebrities don’t care if you lose money—they already got paid.
The only “secret” they know is how to exploit their fans.
