- Recently, a bizarre event unfolded in the crypto world involving a meme coin named LIVEMOM and a livestream featuring a boy and his mother.
- The duo urged viewers to invest in their coin, promising certain actions if market cap milestones were hit.
- After the livestream ended abruptly and associated social media accounts were deleted, the token’s price crashed, leading to accusations of a rug pull.
In a strange turn of events, a boy and his mother used a livestream to promote their meme coin, LIVEMOM, leading to accusations of a rug pull when the token’s price crashed after the stream ended.
The LIVEMOM Livestream
The livestream, titled “live with mom,” featured the pair encouraging viewers to invest in their meme coin, LIVEMOM. They promised certain actions if and when the market cap grew, including the boy eating dog food and the mother performing squats in front of the camera. The strategy seemed to work for a while, with the token’s price increasing during the stream. However, after the livestream ended abruptly and the associated social media accounts were deleted, the price of the token crashed.
Accusations of a Rug Pull
Early buyers of LIVEMOM accused the duo of a rug pull, a common type of scam in the crypto world where the developers abandon a project and leave investors with worthless coins. The sudden disappearance of the social media accounts and the abrupt end of the livestream led to suspicions that the pair had cashed out and caused the token’s price to crash. However, despite the controversy, the price of the token has since been rising as traders are drawn to the LIVEMOM “lore.”
Community Takeover
Following the initial crash, early buyers of the LIVEMOM token have reclaimed the project in a sort of “community takeover.” They have embraced the livestream as lore and have managed to pump the token up to a $835,000 market cap. At the time of writing, nearly 200 people are in a Telegram voice chat discussing the chaos surrounding the token.
Conclusion
This incident serves as a reminder of the unpredictable and often bizarre world of cryptocurrency. While the true identities and intentions of the duo behind the LIVEMOM livestream remain unclear, the event has certainly stirred up discussion and controversy within the crypto community. As the token’s price continues to fluctuate, it remains to be seen what the future holds for LIVEMOM.
