Screenshots circulating on X show trading positions for tokens labeled "MIGUEL" and "Miguel" placed directly alongside news headlines reporting the striker's passing. One post displayed a profit of $84.99, while another showed a position yielding $90.29, both utilizing photographs of De Miguel in his club kit. These assets appeared on the Pump.fun platform, which has previously faced intense scrutiny for its moderation policies.
In section Cryptocurrency
Crypto traders face backlash for profiting from CD Tenerife player's death
Hours after CD Tenerife confirmed the death of 30-year-old striker Jesús de Miguel, crypto traders began circulating memecoins bearing his name and image. The tokens, which explicitly referenced the player's fatal on-field collision, sparked immediate outrage across social media platforms over the exploitation of a tragedy for financial gain.
Prominent crypto accounts, including those of users like Loshmi and Meme Detective, publicly condemned the activity, arguing that leveraging a human life for speculative profit crosses a fundamental ethical line. Despite the relatively small sums involved, the incident has reignited debates regarding the platform's ability to police its own ecosystem. Although Pump.fun previously committed to expanding its human moderation team and deploying automated systems to purge inappropriate content, these tokens bypassed existing filters, highlighting the ongoing difficulty in curbing predatory behavior in the memecoin market.
Comments (0)
No comments yet. Be the first!