From Meme to Mission: Comedian's Solana 'Rug Pull' Supports Palestinian Cause
A comedian's controversial scheme involving joke cryptocurrencies to fund Palestinian aid sparks debate. After faking a prison escape and manipulating crypto markets, he faces both applause for his charitable intent and criticism for deceptive tactics.
NMNODE 69 Media
Published 28th Feb, 2025
Comedian William Banks sparked online attention after claiming to escape prison in a viral video, later revealing he manipulated joke cryptocurrencies (meme coins) on the Solana blockchain to fund Palestinian charities. Banks stated his goal was to redirect money from what he called a "sinister" crypto world to support Gaza amid ongoing conflict.
In October, Banks was arrested in Connecticut for removing Israeli flag yard signs. He later claimed to serve an eight-month prison sentence, though records do not confirm this. During this period, he posted social media clips allegedly filmed inside a prison using a smuggled phone, showing mundane activities like playing football and interactions with inmates.
Banks said crypto enthusiasts encouraged him to launch meme coins, hoping to profit from his online persona. He partnered with a promoter known as "Jester" to create tokens like White Moses (MOSES), which surged briefly before Banks sold his holdings, causing their value to plummet. Critics accused him of "rug pulling"—a deceptive practice where creators abandon a project after profiting. Banks admitted raising $50,000 this way, donating it to Palestinian aid groups and sharing purported receipts.
Reactions were divided: some hailed him as a self-styled "Robin Hood," while others condemned the stunt as exploitative. Critics warned such schemes could harm legitimate aid efforts or lead to legal consequences, referencing past crypto fraud cases. Banks has since deleted all crypto-related posts, calling the community "twisted" and vowing to avoid future involvement.
Authorities confirmed his initial arrest but denied his fabricated jailbreak story. Meanwhile, his satire—like pretending to escape prison or merging religious symbols in performances—continues to blur lines between comedy and controversy.