BREAKING: Meme Coin Millionaire Claims His $2B 'Government Debt' Meme Funded an Actual U.S. Treasury Bailout — But Experts Say It's a Crypto Hoax
A viral video circulating on TikTok and X claims that a mysterious crypto whale, known only as "DebtDaddy420," used a meme coin called "GovtDebtToken" to secretly pay down $200 million of U.S. government debt. The video shows a fake-looking screenshot of a Treasury Department receipt and a voiceover claiming the stunt was "the ultimate middle finger to the Fed." However, fact-checkers have confirmed the clip is entirely fabricated. The Treasury has no record of such a payment, and the blockchain wallet shown in the video was created just hours before the post went viral. While the video has racked up 5 million views, experts warn it's a classic pump-and-dump scheme designed to inflate the meme coin's value before the anonymous creator cashes out. The real lesson? Government debt isn't going anywhere — and neither are the scammers trying to profit from your frustration.