According to Bubblemaps on Twitter, rapper PontiacMadeDDG launched the $MTGA token, allocated 40% of the supply to himself, and rapidly sold off his holdings, crashing the token's price to zero before deleting the announcement tweet within an hour (source: Bubblemaps, May 18, 2025). This incident highlights the risks of celebrity-endorsed meme coins, including sudden price collapses and lack of transparency, which are critical factors for crypto traders to monitor. The rapid dump created high volatility, serving as a cautionary example for those trading new tokens with concentrated ownership and limited liquidity.