- Adin Ross’s Costly Bet: Adin Ross invested $50K into $MLG live on stream, but the memecoin’s price quickly dropped, leaving him with a $30K+ loss.
- $MLG and Its Hype: The token, rooted in gaming and internet culture, remains popular despite the dip, with influencers like FaZe Banks and Frank DeGods continuing to promote it.
- Holding for the Long Run: Despite his losses, Adin Ross remains committed to holding $MLG, believing in its long-term potential and dedicated gaming community.
$MLG, one of the hottest memecoins over the past few weeks, has been taking a breather since Adin Ross bought the token live on stream last week. The move, which got many excited, quickly backfired as the price dropped sharply. So, let us take a closer look at Adin Ross’s bold move and the aftermath of his risky bet.
Overview of $MLG
$MLG (360noscope420blazeit) is the ultimate meme token for gamers who miss the golden age of Call of Duty montages. Living on the Solana blockchain, it mashes up trickshot culture (“360 no-scope”), stoner humor (“420 blaze it”), and competitive gaming vibes (“MLG”). Overall, the memecoin combines these pop culture references, bringing together gaming, humor, and cryptocurrency into a fun, community-driven project where users can play, earn, and engage in a digital ecosystem.
Adin Ross Jumps in on the Hype Train
Early last week, Adin Ross made a bold move, investing $50,000 into the $MLG memecoin during a live stream with FaZe Banks, Frank DeGods, and Thread Guy. However, his bet quickly backfired as $MLG plummeted, costing him $12,000 in just 20 minutes. Despite this steep drop, Adin still voiced that he sees $MLG as a solid long-term play and plans to hold, citing its dedicated gaming community and growing presence in the crypto world.
Adin Ross Reacts to His $MLG Bag
Adin Ross opened up about his $MLG investment in his latest live stream, reacting to the massive loss since he bought in. After putting down $50K, Adin checked his $MLG bag, which had dropped to just $17K, leaving him with a loss of over $30K. He also admitted that he might have bought at the peak, expressing frustration over the drop and joking that many in his audience likely “dumped on him” for a profit.
Final Thoughts
In conclusion, Adin Ross’s $MLG investment has been a wild ride, highlighting the unpredictable nature of memecoins. It is also important to note that while Adin is currently sitting on a loss, he has made it clear that he plans to hold his $MLG tokens for the long term. This, along with the fact that influencers like FaZe Banks and Frank DeGods are continuing to push $MLG, makes it clear that the hype surrounding $MLG is far from over.
