Cryptocurrency trader dies by suicide during a livestream on X after he lost his last $500 in a memecoin investment

The alleged incident has sparked debates on the volatile nature of meme cryptocurrencies and mental health.

A cryptocurrency trader's death by suicide during a livestream on X has sparked debates on the volatile nature of meme cryptocurrencies and mental health, as per a report by Binance. HT.com cannot independently verify the authenticity of this information.

The alleged incident occurred on February 21, when the crypto trader, known as @MistaF***You on X, reportedly lost his last $500 in a memecoin investment. In a video of the incident, which has been shared on social media, the man makes a final, tragic request to his viewers.

“If I die, I hope you guys make this into a memecoin,” he says before putting a small pistol to his head and clicking 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 dark twist of events, meme coins using his name flooded the market within minutes of his death. Some traders rushed to buy a meme token called “Mistacoin” betting on the hype, while others condemned the community for their "dystopian" attitude.

Bitcoin Protocol has claimed to identify the crypto trader as 23-year-old Arnold Robert Haro. However, HT.com cannot independently verify this claim.

Meanwhile, a GoFundMe page to pay for Haro's funeral has gone live, with his family stating that he was a father to a one-year-old daughter. "On February 21, 2025, at just 23 years old, Arnold lost his battle with depression. He leaves behind his 1-year-old daughter, his beloved significant other, his mother and father, and his three sisters, who will forever cherish his memory. Though he carried burdens unseen, he always put others before himself, touching countless lives with his generosity and warmth," they said.

Many have speculated that the move was a viral stunt that spiraled out of control, as the trader had openly asked for a meme coin in his name, and a developer had sent him 70% of a coin’s supply. This has led to claims that the incident was a marketing ploy that went too far.

(Also read: Indian woman roasts ex with 1-star review on crypto app: ‘Thinks he is Musk’)

Discussing suicides can be triggering for some. However, suicides are preventable. A few major suicide prevention helpline numbers in India are 011-23389090 from Sumaitri (Delhi-based) and 044-24640050 from Sneha Foundation (Chennai-based).