Famous YouTuber MrBeast held a charity livestream, and the related memes market capitalization surpassed 7 million USD before being rug pulled.

On August 15, MrBeast, a well-known overseas KOL with hundreds of millions of followers on YouTube, held a charity live stream on a live streaming platform aimed at providing clean drinking water to remote communities in developing countries. In conjunction with this event, a meme coin of the same name was launched on the Bags platform, claiming that the token's generated tax revenue would be directly donated to this charity initiative. Within two hours of its launch, the market capitalization of the token exceeded 7 million dollars, but a related party's rug pull caused the coin price to experience a big dump.

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