A Livestreamed Tragedy on X Sparks a Memecoin Frenzy

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Arnold Harro, 23, addressed his last words on the phone in his hand. He said: “If she dies, I hope you will turn this to Mimikoin.” Then Haro took his private life.

Haro died on February 21 at his family’s home in Madeira County, California, a death certificate obtained by wire shows. His suicide was broadcast live to his followers on X, where he went through Mistafuccyou. Since then, footage of the death of Haro has been removed from the platform, but the accident has been briefly listed on the Trending tab.

In the hours that followed the death of Haru, people created dozens of Memecoins – a type of very volatile encryption currency used as a head speculation – after him. With a chance to profit, merchants accumulated in one of the coins in particular, which prompted its value to $ 2.1 million in the total. (Since then, the currency has lost 96 percent of its value.)

In X, some have tried to say that those behind the Shistafuccyou have given the final desire to Haru as due. But most of them condemned the motivation among merchants to try to benefit from his death. “If you are trading this, you are sick,” one of the users wrote.

Speculation on X ran that Haro has ended his life because he lost money in front of Mimkequin Rogerol – a maneuver in which someone creates a new currency, enhances it via the Internet, then sells his property in one blow, which leads to reducing the value of everyone’s share. WIRED was unable to confirm whether this had happened to Haru, but his friends have opposed the narration. “It has nothing to do with encryption … this is not what all these obsessive -obsessive are thinking.”. Meanwhile, the Haru family described his death as a result of his “battle with depression.”

Azim Khan, the founder of the Morph Blockchain and his partner at Crypto VC Foresight Ventures: says:

“We have reached the point where it is more likely a possible arouses that people look at it is Kanye trying to launch a reasonable cross.” “This is how wonderful this space is.”

Until last year, the launch of Mimikoin was relatively expensive and technically exhausting, which means that a few of them came to the market. Only Dogecoin – the original mimwin – and a handful of derivatives has any kind of longevity.

This equation has been reversed with Pump.fun’s arrival, a platform that makes it easy for anyone to launch a meteion at no cost. Since Pump.fun was launched in January 2024, millions of millions of Memecoins have been overwhelmed by the market, including architectural currencies similar to Harro.