PANews reported on May 23 that six days after the Solana meme coin TruthOrDare token (DARE) was launched on Pump.fun, its developer Mikol doused himself in isopropyl alcohol and was then hit with fireworks to promote the token. As a result, he suffered third-degree burns over most of his body and is currently receiving treatment at the Miami Trauma Center. At the time of the incident, Mikol's friends were live-streaming the scene on Twitter. They attempted to extinguish the flames on Mikol with water, but unfortunately, they were not equipped with a fire extinguisher or fire blanket, making it difficult to handle the emergency effectively. Mikol has built a small but passionate community of investors who tune in daily to watch his bizarre live challenges in a Telegram group.

Reports indicate that this incident highlights a recent and disturbing trend of live-streaming for meme coin influence. Previously, a mother took extreme measures to promote her son's token, a developer lost a tooth during a boxing match, among other bizarre behaviors, but Mikol's third-degree burns incident undoubtedly takes this oddity to a new level. This may be a clear signal for the degens (a term in the cryptocurrency field) who are keen on high-risk, high-reward speculation on Pump.fun to hit the brakes.