William Banks scams crypto degenerates by rug pulling them on his memecoin and donates $50k to Gaza

Yesterday, the crypto world saw one of the most absurd yet strangely poetic rug pulls ever. William Banks, known for his chaotic online antics, launched a memecoin while supposedly on the run from the police—only to dump it minutes later, walk away with $50,000, and then donate it all to Gaza relief efforts.

How It Started: A Gas Station Bathroom & Pump.fun

Banks, who thrives on his outlaw reputation, decided to launch a memecoin in peak degen fashion—from a gas station bathroom. The coin, created on Pump.fun, took off immediately after he dropped the contract address on Twitter. His followers, always looking for the next viral token, jumped in without thinking twice.

To keep the hype going, Banks went live on Twitter, pretending to be on the run and hyping up the coin. His audience ate it up—until someone interrupted the livestream with a warning.

The Rug: "Don’t Do It!"

While Banks was still live, someone jumped in and told him not to rug the project. That was all the push he needed. Almost instantly, he dumped his entire bag, walking away with $50K while his followers were left holding the bag—literally.

The reactions were all over the place. Some were pissed, others couldn’t stop laughing, and plenty just respected the sheer audacity of it all. One person commented:

"Bro really went from fugitive to financial terrorist in 10 minutes."

Another added:

"This is peak degen behavior, and honestly? I respect it."

The Plot Twist: $50K to Gaza

Instead of keeping the money, Banks announced he was donating all $50,000 to Gaza relief efforts, flipping the narrative from scammer to chaotic philanthropist.

His website, freewilliambanks.com, and Twitter (@williambanks_) blew up with debates—was this a Robin Hood moment or just another PR stunt?

The Fallout: Degen Logic

Crypto is full of wild stories, but this one hits different. It’s the perfect blend of madness, deception, and unexpected generosity. Some people are mad about losing money, but others are already begging Banks to do another project, because, in the degen world, a wild ride is often worth more than profits.