"Rug pull coming" — Internet reacts to Charleston White launching his very own crypto coin

On Friday, January 10, social media influencer Charleston White revealed through social media that he is launching his own crypto coin named "the n*gga nation." In a tweet, as well as an Instagram post, White wrote:

"The N*gga Nation has officially entered into the Crypto World and we’re already bonded… We now have our own Crypto currency called the N*gga Nation Token aka N*gga Coin! The birth of a new Nation called N*GGA’s."

White released his new crypto coin, (Photo via @SaycheeseDGTL/X)

According to a follow-up tweet by White, within two hours since the crypto coin's launch, it was at the $158,000 market cap. In another tweet, Charleston White addressed haters and explained that he was in the crypto market "for the long haul."

The news about White introducing his own crypto coin further garnered massive traction on social media. Many expressed their assumptions that he was going to pull the rug. One user tweeted:

"Rug pull coming."

Another user wrote on X:

"The name alone guarantees attention, but longevity requires much more than shock value."

"He's gonna rug! Stay safe," added a tweet.

"You better not buy this before having some BITCOIN," commented another netizen.

Several others compared Charleston White's crypto coin to the one launched by the Hawk Tuah girl. A user wrote:

"Nice try but we’ve learnt our lessons from the hawk tuah coin."

"He finna scam like the hawk tuah girl," claimed another one.

"Who else investing to get scammed!" wondered a netizen.

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Charleston White's "n*gga nation" crypto coin will apparently hit the $10 billion market cap

Charleston White had been quite active on social media, especially X, where he posted regular updates about his newly launched crypto coin "n*gga nation." One of the tweets shared just a few hours ago revealed that the coin would touch the $10 billion market cap.

In the post, White first reshared the tweet by @SaycheeseDTGL, where the latter posted the news of the release of the crypto coin. In the tweet, White wrote:

"It’s Happening. N*GGA NATION will hit $10B market cap."

As aforementioned, while many netizens were of the belief that Charleston White was going to pull the rug, the social media influencer claimed that he had no plans of doing the same and that the crypto token was not a scam.

The news about this new crypto coin by White came about a month after the entire "Hawk" digital coin fiasco. On December 4, Haliey Welch, aka the Hawk Tuah girl, launched the token. According to reports by the BBC, dated December 6, the token lost its value within hours of its release.

Many, including YouTube cryptocurrency investigator Coffeezilla, gradually accused Welch of scamming investors with "pump and dump." According to the reports, this meant creating a hype about a crypto coin before its launch, only to eventually sell it for profit.

Welch and her team, however, denied all the accusations against them about selling the coin. Netizens seemingly remembered this incident even now, especially in light of all the hype around Charleston White's crypto coin.