Famous YouTuber MrBeast’s Charity Livestream Triggers Meme Coin Rug, Fair3 Community Launches Fund Airdrop Compensation Plan

BlockBeats News, August 15 — Overseas influencer MrBeast, who has hundreds of millions of followers on YouTube, held a charity livestream today on a streaming platform aimed at providing clean drinking water to remote communities in developing countries. Taking advantage of this event, a meme coin with the same name was launched on the Bags platform, claiming that royalties generated by the token would be directly donated to the charity initiative. However, within two hours of its launch, the token’s market cap surpassed $7 million, after which the relevant parties executed a rug pull, causing the token price to plummet to zero.

In response, Fair3 announced the launch of the “Tech Fairness Foundation” initiative:

• A snapshot will be taken before 6:45 AM (UTC+8) on August 15, 2025, of users holding both Fair3 tokens and MrBeast Meme coins;

• Eligible wallet addresses will receive airdrop compensation from the Fair3 Foundation;

• Details of the airdrop will be announced in the coming days. Please follow the official Fair3 Community X account and community channels for updates.

The Fair3 Community Team stated: “Technology and narrative should not be used as a smokescreen by project teams, nor as a tool to exploit users. Fair3 will continue to promote fairness in Web3, return to technological fairness, and ensure fairness in the blockchain economic system (commonly known as coin speculation).” The Fair3 Community was initiated by Wang Xin, founder of Kuaibo, and his technical team, with funding and support from Ann, founder of Unicorn Verse. The initiative is dedicated to launching a truly decentralized movement, leveraging blockchain technology to achieve genuine fairness in terms of technology, society, and opportunity.