Ibiza Final Boss Coin Plummets 84%—Another Meme Coin Mirage?

Another day, another crypto carnage. The so-called 'Ibiza Final Boss' coin just face-planted—losing 84% of its value days after launch. Was anyone surprised?

Pump-and-dump déjà vu

Memecoins keep promising Lambos but deliver Ladas. This one barely lasted a weekend before cratering—proof that 'final boss' status only applies to bagholders.

Zero-sum game continues

While degens FOMO into the next shiny token, sharks cash out. Rinse and repeat. At this rate, 'rugpull' might need its own Merriam-Webster entry.

Bonus jab: If this was the 'final boss,' someone forgot to code the difficulty setting. Game over, indeed.

Influencer memecoins plagued by scams, rug pulls

Influencer-based memecoins have a pretty poor track record when it comes to reputation and performance. YouTubers MrBeast, Jake, and Logan Paul, controversial influencer Andrew Tate, as well as many others, have all been involved in some kind of controversy when it comes to memecoins.

One of the most notorious examples is Logan Paul’s NFT project, CryptoZoo, a failed venture that never delivered on its promises and cost many investors, including Paul’s own fans, millions of dollars.