After Dolly Parton’s nephew announced her passing, unauthorized memecoins using her name and likeness were created and quickly pumped and dumped on Solana. These tokens, launched for under $100 on the Pump.fun platform, generated millions of dollars in combined trading volume before collapsing to just a few thousand dollars in market capitalization. Neither Dolly Parton, her family, nor Dollywood have ever endorsed any crypto project. Over 99.99% of the 1.7 million memecoins launched on PumpFun never sustained a $1 million market capitalization, and more than two-thirds of those tokens stop trading the same day they launch.
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