Many were surprised to learn that Ashton Jeanty has a cryptocurrency token under his name. Listed on the “Solana” blockchain, the token is called the Ashton Jeanty Token or AJT. Jeanty posted about the currency back in 2024 telling his followers to “stay posted.” But he deleted the post within half an hour, leading many to believe his account was hacked.
Advertisement
Yet, the token still exists today, and one could buy shares of it by the click of a button and is labeled “AJT” after his initials. While it is highly likely that the token has nothing to do with him, the issue is that Jeanty himself has yet to provide clarity over whether or not he launched the token. So yes, while the token does exist, it’s highly unlikely that it was launched by him or is in any way affiliated to him.
Just to note some of the basic details of the token currently, its present price is $.04 US dollars. The token also has a listed liquidity of $1.3k and a market cap of $50k.
While Jeanty has stayed silent on the matter, it’s assumed that Jeanty has no affiliation with the token. And he isn’t the only football star to be memed by the crypto community.
Patrick Mahomes had a meme coin launched in his name recently. The “$PM” token as it’s known has gained a ton of traction and now has a market cap of over $150k.
Patrick Mahomes meme coin $PM has been gaining a lot of traction. Now at over $150k market cap pic.twitter.com/utDuPA7o53
— Depressed Eagles Fan (@nfl_rocky) February 9, 2025
But don’t get it twisted people, these are not investments that you want to make. Investing in meme coins is a terrible idea because they’re so volatile. In general, investing in cryptocurrency is a risky venture because you are relying on its hype and popularity to bring home a return. It’s also still a fairly new market that doesn’t have all of its rules and regulations in order.
Some crypto trading platforms can claim that they are registered, but they don’t have to have the same security regulations as normal trading sites. This leads to a lot of misinformation and scams. Several celebrities have been sued in recent years, including Tom Brady for advertising a cryptocurrency with “deceptive practices.” Their values rise and fall significantly, leading to sudden changes in value that are impossible to predict.
All in all, if you’re an investor, don’t waste your time with crypto just yet. It’s a weird market still in its infancy, and there are still tons of scammers. For all we know, Jeanty and Mahomes’ stocks could both turn out to be costly scams.
Until then, let’s focus on the displays they show us on the field rather than off of it. Jeanty is set to be a top-10 pick in the upcoming NFL Draft. Meanwhile, Mahomes is regrouping after an ugly Super Bowl loss and looking forward to redeeming himself in 2025.
