Close Menu
Technology Mag

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Reddit will help advertisers turn ‘positive’ posts into ads

    June 16, 2025

    A handy charger for every Switch Joy-Con you own is just $20

    June 16, 2025

    WhatsApp is officially getting ads

    June 16, 2025
    Facebook X (Twitter) Instagram
    Subscribe
    Technology Mag
    Facebook X (Twitter) Instagram YouTube
    • Home
    • News
    • Business
    • Games
    • Gear
    • Reviews
    • Science
    • Security
    • Trending
    • Press Release
    Technology Mag
    Home » A Livestreamed Tragedy on X Sparks a Memecoin Frenzy
    Business

    A Livestreamed Tragedy on X Sparks a Memecoin Frenzy

    News RoomBy News RoomMarch 21, 20253 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email

    This story contains mentions of suicide. If you or someone you know needs help, please call 1-800-273-8255 for free, 24-hour support from the National Suicide Prevention Lifeline.

    Twenty-three-year-old Arnold Robert Haro addressed his final words to the phone in his hand. “If I die, I hope you guys turn this into a memecoin,” he said. Then Haro took his own life.

    Haro died on February 21 at his family home in Madera County, California, a death certificate obtained by WIRED shows. His suicide was broadcast live to his followers on X, where he went by the handle @MistaFuccYou. Footage of Haro’s death has since been removed from the platform, but the incident was briefly listed in its trending tab.

    In the hours after Haro’s death, people created dozens of memecoins—a type of highly volatile crypto coin used as a vector for financial speculation—modeled after him. Sensing an opportunity to profit, traders piled into one of the coins in particular, driving its value to $2.1 million in aggregate. (The coin has since lost 96 percent of its value.)

    On X, some tried to argue that whoever was behind the MistaFuccYou coin had duly granted Haro’s final wish. But most denounced the impulse among traders to try to profit by his death. “If you’re trading this, you’re sick af,” wrote one user.

    Speculation ran rampant on X that Haro had ended his life because he had lost money to a memecoin rugpull—a maneuver whereby somebody creates a new coin, promotes it online, then sells off their holdings in one swoop, devaluing everyone else’s stake. WIRED was unable to confirm whether this had happened to Haro, but his friends have disputed the narrative. “It had nothing to do with crypto … It’s not what all these crypto nerds seem to think,” one of Haro’s friends, who goes by j nova on social media, told WIRED. Haro’s family, meanwhile, has described his death as the result of “his battle with depression.”

    The incident captures in microcosm the race to the bottom in memecoin trading circles, where only the most heinous and morally bankrupt ideas are now rewarded with attention, says Azeem Khan, cofounder of the Morph blockchain and venture partner at crypto VC firm Foresight Ventures.

    “We’ve reached the point where the most potentially exciting launch that people are looking at is Kanye trying to launch a swastika coin,” says Khan, in reference to now-deleted X posts made by an account associated with the artist Kanye West. “That’s how terrible this space is.”

    Until last year, launching a memecoin was relatively expensive and technically burdensome, which meant few came to market. Only Dogecoin—the original memecoin—and a handful of derivatives had any sort of longevity.

    That equation was reversed with the arrival of Pump.Fun, a platform that makes it simple for anyone to launch a memecoin at no cost. Since Pump.Fun launched in January 2024, many millions of memecoins have flooded the market, among them the coins modeled after Haro.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleHow to Protect Your Cats (and Backyard Chickens) From Bird Flu
    Next Article A New Era of Attacks on Encryption Is Starting to Heat Up

    Related Posts

    Congress Demands Answers on Data Privacy Ahead of 23andMe Sale

    June 16, 2025

    Cheap AI Tools May Come at a Bigger Long-Term Cost

    June 12, 2025

    Vibe Coding Is Coming for Engineering Jobs

    June 12, 2025

    How Steve Jobs Wrote the Greatest Commencement Speech Ever

    June 12, 2025

    How Waymo Handles Footage From Events Like the LA Immigration Protests

    June 12, 2025

    Disney and Universal Sue AI Company Midjourney for Copyright Infringement

    June 12, 2025
    Our Picks

    A handy charger for every Switch Joy-Con you own is just $20

    June 16, 2025

    WhatsApp is officially getting ads

    June 16, 2025

    Review: Nintendo Switch 2 Is Recognizably Amazing

    June 16, 2025

    Why We Made a Guide to Winning a Fight

    June 16, 2025
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    News

    Here comes the AI sponcon

    By News RoomJune 16, 2025

    Social media is filled with an endless supply of people selling things, from Shein try-on…

    The High-Flying Escalation of CBP’s Predator Drone Flights Over LA

    June 16, 2025

    Are Those Viral ‘Cooling Blankets’ for Real?

    June 16, 2025

    I Review Mattresses for a Living. This Is What I Sleep on at Home

    June 16, 2025
    Facebook X (Twitter) Instagram Pinterest
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Technology Mag. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.