In recent times, there has been a decline in the value of celebrity-endorsed cryptocurrency tokens. Several famous personalities including Lindsay Lohan, Mike Tyson, and Neeraj Khemka have launched their own digital currencies, but these have not been performing well in the market.

Lindsay Lohan launched her non-fungible token (NFT) art on Ethereum, hoping to ride the wave of the latest trend in the crypto world. However, her NFT artwork has seen a significant drop in value since its launch. Similarly, Mike Tyson's own digital coin, launched in 2016, also failed to maintain its value in the market. It was aimed at the boxing community and was intended to be used within a self-branded wallet but has not seen much success.

Another celebrity, Neeraj Khemka, a popular figure in the Indian entertainment industry, also launched his own digital currency. However, it too has seen a steady decline in value.

These celebrity-endorsed cryptocurrencies were launched with high expectations and fanfare, but their declining values indicate that they have not been successful in gaining trust and acceptance among investors. Experts suggest that one of the significant reasons for this decline is the lack of understanding and awareness among the public about these digital currencies. Furthermore, the inherent volatility of the cryptocurrency market adds to the uncertainty surrounding these celebrity-endosrsed tokens.

Despite these setbacks, the trend of celebrities endorsing cryptocurrencies doesn't seem to be slowing down. However, investors are advised to proceed with caution when it comes to investing in these celebrity-backed tokens. It is important to do thorough research and understand the risks involved before making any investment decisions in the cryptocurrency market.