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Mikol Bids Adieu to DARE

Mikol, the brainchild behind Truth or Dare (DARE), took his meme coin journey to fiery extremes—literally. Aiming to pump the DARE token through a bizarre series of livestreamed stunts, Mikol dared himself right into a hospital bed with third-degree burns over 30% of his body. His final act? Dousing himself in alcohol and inviting friends to ignite him with fireworks. That dare wasn’t just a burn for his body, but his bank account too.

Post-recovery, Mikol’s tune has changed. Now five months after the blaze, he publicly renounces his title as the DARE dev. On Twitter, he emphasized his humanity rather than his meme coin identity, posting: “I’m not DARE dev anymore. My name is Mikol, and I’m human… I just wanna be consistent with God and be a positive human being that puts smiles on people’s faces.”

Meme Coin Mayhem Crashes Hard

The DARE project was riding high after Mikol’s pyrotechnic stunt sent its market cap soaring 4,500% to $1.82 million in mere hours. But when Mikol couldn’t sustain the stunt show—stuck in a hospital bed—the token tumbled, leaving holders in the red. His hospitalization gave the dev little control, and the project’s value took another dive when he tried to get back in action with lesser pranks like the cinnamon challenge.

While the price surged momentarily when Mikol was discharged, spiking another 1,735%, the market cap now rests at a mere $26,000. Mikol never cashed out—leaving an untapped $200,000 in his wallet at the coin’s peak.

Trust Issues and Empty Pockets

DARE’s tragic unraveling didn’t just hit Mikol’s body and finances; it shattered his team too. Most of the devs abandoned ship, with only two members sticking around. The unidentified “friend” who suggested the fiery dare never even apologized. “I have learned from it. It’s made me become less trustworthy,” Mikol told Decrypt, admitting that the meme coin space had taught him harsh lessons about loyalty and greed.

Despite his plans to scale Everest and build an app around the project, Mikol’s dreams fizzled out like his coin’s market cap. He made no money from the fiasco—except for $3,000 from the community to help cover his hospital bills.

New Meme Coin Livestreaming Meta

While Mikol’s fiery stunt might’ve marked the peak of meme coin shenanigans, a new wave is emerging in its wake. The latest to hit the crypto streets is a 19-year-old livestreaming drug binges with his stripper girlfriend, faking his own death, and now, steering his content into even darker territories. As the meme coin meta shifts, Mikol’s not looking to return to that chaos. Instead, he’s reinventing himself as a “trench warrior,” building his online persona—sans the bodily harm.

As he shifts his focus to growing his social media clout, it remains to be seen if Mikol will ever step back into the meme coin world—or if he’ll leave the daredevil antics behind for good.