Key takeaways
- A Gen Z trader’s attempted rug out with a meme coin led to a dramatic increase in the token’s value.
- The crypto community exposed the online trader’s personal information in retaliation.
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A teenage crypto trader’s attempt to profit from a carpet of coins backfired when community response pushed the token’s market cap to $80 million.
The trader created the QUANT (Gen Z Quant) token on Pump.fun during a live stream on Wednesday and executed an all-in pull. He sold 51 million tokens for 128 SOL (around $30,000) and earned around $29,600, according to blockchain analytics firm Lookonchain.
A child created a coin $Quant during the live broadcast and I sold the whole thing for 128 $ SOL($30,000), making a profit of $29.6 thousand!
The 51M $Quant it sold is now worth $4 million!
He then created $lucie And $ sorryselling them all for an extra profit of 103 $ SOL($24,000)!
Address:… pic.twitter.com/TYbS6psUYp
– Lookonchain (@lookonchain) November 20, 2024
Rather than collapsing, QUANT’s price movement turned bullish. Over the past six hours, the token’s value has soared by over 900% as members of the crypto community have deliberately invested in the project. data from DEX Screener broadcasts.
At the highest prices, the trader’s initial token sale would have been worth more than $4 million.
After QUANT, the young trader rolled two more tokens, LUCY and SORRY, and pulled the all-in again, generating 103 SOL (approximately $24,000) in profit.
After pulling the rug out, members of the crypto community traced and exposed the teen’s personal information, including his name, address and educational details, on social media platforms.
A Gen Z kid snatched a token live on video, on his Pumpfun called $Quant. We met him months ago and tried to support him on his crypto journey. Turns out he’s a little asshole. The community is now realizing this to teach him a lesson.
Remember this child @JackPottTrades… pic.twitter.com/tdwoSZ7ocv– K1dCrypt0 (@K1d_Crypt0) November 20, 2024
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