Token Struggles as Soulja Boy Responds

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Despite the hype, the SOULJABOY token has struggled to gain traction, reaching just $85,000 in market cap with 331 holders. Soulja Boy has since apologized for past paid promotions, saying they occurred years ago and that he lacked proper crypto knowledge at the time.

[Nahid Hossen]

Celebrity-backed tokens often face credibility and sustainability issues.

[Abdul Khan]

Market reaction shows investors are becoming more cautious.