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Key Takeaways
A Gen Z dealer’s rug pull try with a meme coin led to a dramatic rise within the token’s worth.
The crypto neighborhood uncovered the dealer’s private data on-line in retaliation.
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A teenage crypto dealer’s try to revenue from a meme coin rug pull backfired when the neighborhood’s response pushed the token’s market capitalization to $80 million.
The dealer created the QUANT token (Gen Z Quant) on Pump.enjoyable throughout a livestream on Wednesday and executed a rug pull. He bought 51 million tokens for 128 SOL (roughly $30,000) and made off round $29,600, in keeping with blockchain analytics agency Lookonchain.
A child created a coin $Quant whereas live-streaming and bought all of it for 128 $SOL($30K), making a revenue of $29.6K!
The 51M $Quant he bought is now value $4M!
He then created $lucy and $sorry, promoting all of them for one more revenue of 103 $SOL($24K)!
Tackle:… pic.twitter.com/TYbS6psUYp
— Lookonchain (@lookonchain) November 20, 2024
Relatively than collapse, QUANT’s value motion turned bullish. Within the final six hours, the token’s worth shot up over 900% as crypto neighborhood members intentionally invested within the undertaking, information from DEX Screener reveals.
At peak costs, the dealer’s preliminary token sale would have been value over $4 million.
After QUANT, the child dealer launched two extra tokens, LUCY and SORRY, and once more pulled a rug, producing 103 SOL (about $24,000) in income.
Following his rug pulls, crypto neighborhood members tracked down and uncovered {the teenager}’s private data, together with his identify, handle, and college particulars throughout social media platforms.
Gen Z child rugged a token dwell on video, on his pumpfun known as $Quant. We bumped into him months in the past and tried to help him on his journey in crypto. Seems he’s just a little douchebag. The neighborhood is now mooning this to show him a lesson.Bear in mind this child @JackPottTrades… pic.twitter.com/tdwoSZ7ocv
— K1dCrypt0 (@K1d_Crypt0) November 20, 2024
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