MLG Coin: Adin Ross & FaZe Banks' Trending Crypto

The crypto world is no stranger to drama, and in early 2025, a new name took center stage: MLG Coin. Formally known as 360noscope420blazeit, this Solana-based meme token exploded in value before crashing, triggering a wave of accusations and fallout.

Two of the internet’s biggest personalities, FaZe Banks and Adin Ross, were at the heart of it all, each defending themselves while the coin’s price collapsed and fans looked for answers. But what exactly is MLG Coin, and how did things spiral so fast?

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Key Takeaways

1. MLG Coin saw a massive spike before crashing, leading to accusations of influencer-led manipulation.

2. FaZe Banks stepped down from FaZe Clan, denying all wrongdoing in the MLG promotion scandal.

3. Adin Ross also denied involvement, but leaked messages sparked tension and confusion in the community.

What Is MLG Coin?

MLG Coin, short for 360noscope420blazeit, is a meme cryptocurrency launched on the Solana blockchain.

The coin draws inspiration from early 2010s gaming culture, think Mountain Dew, trick-shot montages, and “MLG” meme videos that flooded YouTube during the golden age of internet gaming. MLG’s goal is to revive that nostalgic spirit and bring it into the Web3 world.

The project features community-led events, meme contests, and even custom gaming servers. Its creators aim to blur the line between old-school online fun and modern blockchain engagement.

MLG doesn’t promise financial utility, staking, or yield; instead, it offers culture, community, and chaos, very much in line with the meme coin ethos.

Unlike many meme tokens, MLG launched with nearly its entire supply in circulation. This meant minimal inflation risk and a sense of openness that appealed to casual traders and internet fans alike. But like most coins in its category, MLG’s success relies heavily on hype, attention, and timing.

Read Also: What is SOL and Why is Solana So Popular? A Comprehensive Beginner’s Guide

The Rise and Fall of MLG Coin

In early 2025, MLG Coin quickly grabbed headlines for its impressive surge in value. The token reportedly climbed from a market cap of around $3 million to $200 million in a short period.

Trading volume spiked. Influencers buzzed. And online forums lit up with excitement about the “next big meme coin.”

Then, everything came crashing down.

The coin’s rapid rise was followed by an equally sharp crash. Prices plummeted, and users accused promoters of dumping tokens on unsuspecting fans.

A wave of posts on X (formerly Twitter) and Reddit pointed fingers at content creators involved in the project. That’s when FaZe Banks and Adin Ross were pulled into the spotlight.

Banks, who had actively promoted the coin, was accused of using his platform to mislead followers. Some speculated he had sold tokens during the rally.

In response, Banks took to social media, denying the allegations in strong terms. “I’ve never scammed anyone a day in my life,” he wrote, explaining that his public image was being unfairly exploited.

Things escalated when a group chat screenshot was leaked. In it, Banks allegedly blamed Ross for the token’s failure, claiming Ross was “used as exit liquidity” and later spun the story to protect his own image.

Ross acknowledged the screenshot was real but denied any role in the collapse, writing, “If you guys think that MLG being rugged was me, I’m sorry to tell you it wasn’t.”

As tensions grew, Banks announced he was stepping down from his role as CEO of FaZe Clan, citing stress and reputational damage from the scandal. “It’s destroying my life inside and out,” he posted, adding that he might not return to the internet at all.

Read Also: Solana News, Price Forecasts & Top Project Launches on SOL Chain

Breaking Down the Controversy

At the core of the situation is a clash of narratives. FaZe Banks insists he helped grow the token’s market cap organically, never sold, and poured personal funds into the project.

Ross, on the other hand, claims to have been blindsided by the backlash and misrepresented by people he once called close friends.

Key points from the fallout

1. Leaked chats show internal finger-pointing, with Banks blaming Ross and others for the crash.

2. Ross denies any involvement in a “rug pull”, stating he had no hand in misleading the community.

3. The MLG community remains divided, with some defending the influencers and others demanding accountability.

Before stepping down, Banks said he would appear in a joint stream with Ross to clarify the situation.

“This whole thing has been wildly miscommunicated and destroyed my mental the last several months,” he wrote. Whether the stream clears the air or adds more confusion remains to be seen.

For now, MLG Coin continues to trade, but its reputation has taken a hit. Some see it as a classic meme coin rollercoaster, while others treat it as a cautionary tale about influencer power in the crypto space.

Read Also: Can Solana Reach $1,000? Analyzing the Potential Momentum

Conclusion: A Meme Coin Caught in the Spotlight

MLG Coin was never meant to be a serious financial tool. It was built to celebrate nostalgia, internet culture, and the weird energy of early gaming communities.

But when high-profile names like FaZe Banks and Adin Ross joined the mix, the stakes changed. What started as a meme turned into a headline-grabbing controversy.

The situation shows just how fast things can move in crypto, especially in the meme coin arena. A coin can go viral overnight, bring in millions, and crash just as fast, especially when influencers are involved.

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FAQ

What is MLG Coin?

MLG Coin, or 360noscope420blazeit, is a meme token based on Solana that draws inspiration from early internet gaming culture and MLG memes.

Why are Adin Ross and FaZe Banks involved?

Both influencers promoted the token early on. After its crash, they were accused of misleading fans. Each has denied wrongdoing and shared their side of the story.

Did MLG Coin crash because of a scam?

The coin experienced a dramatic price drop. Accusations of manipulation followed, but no official investigation has confirmed any scam.

Is MLG Coin still trading?

Yes, MLG Coin is still live on the market, though its trading volume and price have fluctuated significantly since the controversy.

What should I consider before buying meme coins?

Meme coins are highly speculative. Always research the project, check for clear information about supply and team, and never invest more than you can afford to lose.

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