Spanish football club CD Tenerife has lost striker Jesús de Miguel, who passed away at the age of 30. De Miguel breathed his last at Hospital Universitario Nuestra Señora de Candelaria on Tuesday, November 3, 2026, at 08:00 local time. The player’s death followed a severe head injury sustained in a collision with the FC Andorra goalkeeper at Heliodoro Rodríguez López Stadium.
Shortly after the tragic news was announced, several speculators quickly moved on the Pump.fun platform. They launched memecoins labeled ‘MIGUEL’ and ‘Miguel’, featuring photos of the striker in his club kit to populate the new assets’ profiles.
The traders then flaunted their gains on social media. Screenshots circulating on X showed traders displaying their trading positions, with reported profits ranging between $84.99 and $90.29.
Moral Backlash from Community and Observers
Monetizing the tragic news triggered a wave of outrage across the crypto community. Market figures such as Loshmi, Visionary of the Family, and Meme Detective voiced open condemnation, calling the exploitation of someone’s death for financial gain a clear breach of moral ethics.
Pump.fun also came under heavy scrutiny as the token launchpad. In November 2024, the platform’s operators had tightened moderation by doubling their human review team. Reviewers were deployed to remove inappropriate token names, images, and live streams, yet coins themed around De Miguel’s tragedy still slipped through and were actively traded.
The Charlie Kirk Precedent and SEC Warnings
Capitalizing on tragic news is not unprecedented in the memecoin sector. In September 2025, the launch of a Charlie Kirk token exploited similar death-related news momentum, sending its market capitalization soaring to between $5 million and $7 million.
These market dynamics align with warnings from US securities regulators. In February 2025, the SEC’s Division of Corporation Finance underscored that memecoins are purely speculative assets. The regulatory agency emphasized that the price movements of such instruments are driven by internet trends and breaking news without any fundamental value.
For speculators on X, profits between $84.99 and $90.29 served as trophies of fast execution flaunted to the public. But for the community voicing condemnation, trading on an athlete’s death highlights how ethics are cast aside in the pursuit of liquidity.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
