On January 7, 2025, FaZe Clan CEO Richard "FaZe Banks" promoted a cryptocurrency meme coin called MLG to his fans via an update in his official X Community, BANK$ INTERN$. He encouraged them to purchase the token, claiming that it would give them a "better chance to acquire generational wealth."
Highlighting the meme coin's potential to "100x," FaZe Banks stated:
Later that day, Twitch streamer Felix "xQc" reacted to FaZe Banks' post during one of his livestreams. Giving his "honest" thoughts on people who promote cryptocurrencies, the former Overwatch pro had this to say (timestamp - 03:12:25):
XQc then went on to use an analogy to explain how he feels about those who encourage others to buy cryptocurrency:
In December 2024, TikTok sensation Haliey Welch, aka the "Hawk Tuah girl," found herself at the center of a crypto meme coin scam. According to Welch, she had planned to launch a cryptocurrency project called $HAWK, the Tuah spirit animal token, to help people "manifest their dreams."
However, Welch's cryptocurrency venture quickly raised eyebrows among several members of the online community. Many accused her of using her large following to promote the meme coin and then planning to sell her tokens to generate a large profit.
Reacting to Welch's cryptocurrency project, which was ultimately never launched, several Twitch streamers, including xQc, commented on the debacle. While describing Welch's cryptocurrency project as a "fraud," the 29-year-old stated:
In other news, xQc recently claimed that WNBA players do not "deserve success," and that they have been in the "shadows for a decade."
