Crypto "Robin Hood"? William Banks Dumps Meme Coin, Sends $50,000 to Palestine

However, according to a February 24 post on X, Banks claims his goal was to raise funds for humanitarian aid in Palestine, sharing proof of $50,000 in donations.

His involvement with Solana meme coins came after a viral video in which he pretended to escape from prison by crawling through a fence. The clip gained more than 20 million views on X.

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Following the viral video, Banks launched a meme coin called White Moses (MOSES) through Pump.fun. The token’s value skyrocketed, reaching a peak market cap of $257,000 within an hour before the creator’s wallet suddenly sold off its holdings. This caused the token’s price to crash, leading to accusations that Banks had orchestrated a rug pull.

Banks later deleted all posts promoting the coin and stated that he had raised $50,000 from the project. He then shared what appeared to be receipts for five separate $10,000 donations to charities assisting Palestinians. Some of these payments were acknowledged by the charities' official pages.

Some see him as a scammer who misled investors, while others view him as a modern Robin Hood who takes from crypto traders to support a cause. Political commentator Eden Riley posted on X:

He escaped from jail only to immediately rug-pull a bunch of crypto bros to donate the money to Palestine… he might be the greatest to ever do it.

Meanwhile, Ross Ulbricht, the former operator of Silk Road, recently spoke out in support of Roger Ver, also known as "Bitcoin BTC $81,380.77 Jesus". What did he say? Read the full story.