From Chaos to Cleanup
After the WILDNOUT meme coin crashed and burned last month—leaving over 16,000 holders licking their wounds—Nick Cannon is now promising a second chance. According to a report published April 12, 2025 by the NY Post, Cannon says he’s preparing to launch a “legit and regulation-compliant” crypto project, distancing himself from the token that carried his brand into the meme coin trenches—and straight off a cliff.
The WILDNOUT Debacle
The original token, themed after Cannon’s MTV show Wild ’N Out, launched on March 5, 2025 and quickly pumped to a $10 million market cap. But just three days later, it had crashed over 90%, wiping out nearly $9 million in paper gains and leaving roughly 16,500 investors underwater. Accusations of a celebrity rug pull started flying on Twitter and Telegram.
Cannon responded by claiming he was not the founder, insisting he didn’t make a dime from the coin and had no control over the launch. But screenshots of him promoting WILDNOUT on social media, hosting spaces, and engaging directly with buyers sparked further backlash.
What’s He Doing Now?
Cannon is now trying to reset the narrative. He announced he’s working on a new token—not a meme coin this time, but what he calls an “enterprise token” designed to offer real utility and community-building tools. The project is reportedly in early development and will focus on transparency, utility, and regulatory compliance.
In a recent statement, Cannon said: “This is going to be something we actually build from scratch, the right way. No hype. No mess.”
Community Reaction: Mixed Bag
Crypto Twitter is… skeptical. Some are calling it an obvious pivot after getting caught in a failed cash grab. Others say it’s a chance to do it right and potentially set a better example for celebrities entering Web3.
Final Take
Nick Cannon’s crypto redemption arc is officially underway. Whether the new token delivers or crashes harder than WILDNOUT will depend on what lessons were actually learned. But in the wild west of meme coins, second chances aren’t unheard of—just usually short-lived.
