A kid going by the handle “$kid brother” on X.com broke the internet today after hacking into a memecoin he created during a live stream. Memecoin enthusiasts and “$kid brother” followers were stunned after securing $30,000.
“QUANT,” a memecoin created by user $ in Solana.
Kid Makes Coin Then Throws It At People For $30,000 During Live Stream 😭pic.twitter.com/LoanyydtYX
– TTI (@TikTokInvestors) November 20, 2024
Hilariously, the crypto community continued to pump coins as at the time of writing, QUANT’s market cap surpassed $58 million with around $2.0 million in liquidity just hours after its launch.
If the child had waited 8 hours, he would have turned his $30,000 into $2 million. At the time of writing, memecoin is hovering around $0.06, up 43.27% in the last 9 hours.
As the bullish momentum intensified, people saw an opportunity in children’s memecoins and started buying without knowing that these memecoins are just a joke.
People discover QUANT Kid’s mom
According to the latest report, People found her mother’s Instagram account, where the victims started demanding their money. According to details, the child exchanged QUANT tokens with SOL. The kid didn’t stop there as he created two other memecoins named $LUCY (after his dog) and $SORRY (to apologize). However, there is no response from his mother yet.
Such eye-opening incidents make people realize that memecoins are not meant for investment. Its creator can easily dump tokens and send the token value to near zero. Although QUANT still benefits from liquidity, its value will eventually fall to zero because the token has no backing or utility.
Read also: Can Solana Memecoin Volume Increase Make $SOL Price Reach $300?