Summary
A teenage boy created and released three memecoins, earning over $50,000 by selling his holdings before the price crashed (“soft rug pull”).
The backlash was swift, with the boy and his family doxed and facing threats from angry traders.
While the legality of such actions is unclear, the incident highlights the risks and ethical dilemmas in the unregulated memecoin market.
Oh I’m not talking about that shit either but OK.
I was assuming you meant buying illegal (or quasi-legal) drugs, and in that case, using Bitcoin is very dumb.