Hello everyone, I am Little K. Today I will take you to tear open the most absurd magical reality of the crypto world—a suicide has actually been turned into a meme coin, harvesting 2 million dollars in 24 hours before going to zero. This is not only the darkest moment of the crypto world but also a mirror reflecting human greed.
Event Review: How the death of a 23-year-old was 'tokenized'
On February 21, 2025, California youth Arnold Haro committed suicide by gunshot during a live broadcast, with his last words being, 'Make my death a meme coin.' Three hours later, a coin named MISTA after his social media ID launched, reaching a market value of 2 million dollars before plummeting to zero. Ironically, dozens of imitation coins used his suicide screenshot as their logo, sparking a 'death carnival' on Pump.Fun.
Little K's sharp commentary: When suicide live streams become tools for market manipulators, the last line of humanity in the crypto world has been breached.
Four Major Crimes of Meme Coin Chaos
1. Industrialization of Rug Pulls
On the Solana chain, an average of 3,000 meme coins are created daily, with over 90% of projects not surviving more than 48 hours. Haro once heavily invested in the TRUMP and MELANIA coins issued by the Trump couple, ultimately losing 86%, which is a classic script of 'founders pulling the rug while retail investors catch flying knives.'
2. Regulatory Vacuum Slaughterhouse
The U.S. SEC has clearly defined meme coins as 'entertainment products' rather than securities, leaving investors with zero protection. Haro's family cried out, 'Don't profit from death,' but Pump.Fun still allows the creation of 'suicide coins,' and the legal blade has completely failed here.
3. Bottom Layer Meat Grinder
Haro's experience is a typical reflection of retail investors: borrowing to trade coins, getting involved in illegal activities, and encountering a series of scams. His crypto wallet shows that since 2024, he has participated in 47 Meme coin projects, with only 3 making a profit.
4. Moral Black Hole
Death coins, racial discrimination coins, and pornographic coins are rampant, and meme coins have evolved from cultural memes to amplifiers of human evil.
Little K's Triple Risk Alert
⚠️ Beware of the 'Cultural Empowerment' trap
Meme coins endorsed by Trump and celebrities are more misleading, but the 86% crash of TRUMP coin proves: celebrity effect ≠ value guarantee.
⚠️ Stay away from Solana's meme coins
On-chain data shows that the Rug Pull rate for Solana-based meme coins is as high as 97%, with contract vulnerabilities and scams rampant, making it nearly a voluntary sacrifice for newcomers.
⚠️ Reject FOMO psychological warfare
Market manipulators excel at creating anxiety with 'community consensus' and 'hundred-fold potential.' Remember: the skyrocketing charts you see are all part of someone else's slaughter schedule.
The harsh truth: our distance from Haro
Haro is neither the first nor the last victim. When he was forced to sell drugs to pay off debts, when he begged KOL to return 8 dollars, when his daughter could no longer wait for her father—every blind retail investor rushing into meme coins could become the next tragic protagonist.
Little K's Initiative:
- Immediately liquidate meme coins with no application scenarios
- Keep the proportion of high-risk assets in your portfolio below 20%
- Join the 'Little K Anti-Slicing Alliance' for anti-cutting guidelines
The warnings forged from blood and tears should not be diluted by entertainment
Click to follow and become a sober survivor in the crypto world.
