Ex-UFC fighter Ben Askren's foray into memecoins with FUNKY ends in a 'rug pull,' raising questions about celebrity endorsements and crypto.
What's the deal with Ben Askren, FUNKY memecoin, and this whole crypto shebang? Turns out, it's a classic New York story: fast money, quick exits, and maybe a little bit of hustle gone wrong.
The FUNKY Launch and Crash
So, here's the lowdown: Ben Askren, the former Bellator champ, tweeted about FUNKY, a Solana memecoin, asking his followers to drop $100 in SOL or USDC. This happened shortly after Askren's double lung transplant and hospital release in July 2025. But BAM! Within 24 hours, the whole thing went south. The token contract was drained, liquidity vanished, and investors were left holding the bag. Classic rug pull, right?
Sahil Arora: The Memecoin Maestro
Enter Sahil Arora, the guy behind this FUNKY fiasco. He's known for launching celeb-backed memecoins. We're talking Caitlyn Jenner, Jason Derulo, the whole nine yards. Arora even gave Askren the posting instructions and wired him the cash. According to Arora, the intent was fundraising for Askren's medical bills. But this time, Arora claims he lost money 'cause FUNKY didn't blow up like his other schemes.
The Aftermath: Still Up on X
Here's where it gets interesting. Askren's original tweet is still up on X. Usually, in these celebrity memecoin capers, the posts disappear faster than a slice of pizza at a Yankees game. Arora's past ventures involved quick deletions, claims of hacks, the usual song and dance. The fact that Askren's tweet is still there raises eyebrows.
Askren's Health and the Memecoin Gamble
Adding another layer to this whole situation, Askren had a double lung transplant and was in critical condition multiple times. He even said his insurance wouldn't cover the treatment. The MMA community rallied, donations poured in. So, when Askren promoted FUNKY, some folks thought his account was hacked. Turns out, it was a paid promotion.
My Two Cents
Look, memecoins are a gamble. Even with a celebrity endorsement, there are no guarantees. The fact that Askren needed money for medical bills adds a somber note to the whole thing. It’s a reminder that in the crypto world, just like in life, ya gotta be careful where you put your money. And maybe think twice before taking financial advice from a wrestler who just had a double lung transplant.
The Wrap-Up
So, there you have it. The Ben Askren FUNKY memecoin story: a wild ride of celebrity endorsements, quick profits (for some), and a whole lotta uncertainty. Stay sharp out there, folks, and remember: not all memecoins are created equal. Now, if you'll excuse me, I'm gonna go grab a bagel. Peace!
