A cryptocurrency trader tragically took his own life during a livestream after losing $500 in a memecoin investment.

A cryptocurrency trader died by suicide during a livestream on X after he lost his last $500 in a memecoin investment, according to a report by Binance. HT.com cannot independently verify the authenticity of this information. The alleged incident has sparked debates on the volatile nature of meme cryptocurrencies and mental health.

He then puts a small pistol to his head and clicks it several times till it goes off. Some X users claimed that the livestream continued for nearly half an hour after the gun went off even as anxious viewers filled the comments asking if he was alright. In a tragic twist, meme coins using his name flooded the market within minutes.

Death turns into memecoin

Some traders rushed to buy meme token called “Mistacoin” betting on the hype while others condemned the community for their "dystopian" attitude. $OM