Gen Z trader rugs meme coin during livestream, community’s revenge sends token to $80M

First, he was celebrating, but soon the tables have turned.

Photo: Lookonchain

Key Takeaways

• A Gen Z trader's rug pull attempt with a meme coin led to a dramatic rise in the token's value.
• The crypto community exposed the trader's personal information online in retaliation.

<?xml encoding="UTF-8">

A teenage crypto trader’s attempt to profit from a meme coin rug pull backfired when the community’s response pushed the token’s market capitalization to $80 million.

https://twitter.com/lookonchain/status/1859144909841985912

Rather than collapse, QUANT’s price movement turned bullish. In the last six hours, the token’s value shot up over 900% as crypto community members deliberately invested in the project, data from DEX Screener shows.

At peak prices, the trader’s initial token sale would have been worth over $4 million.

DEX Screener

After QUANT, the kid trader launched two additional tokens, LUCY and SORRY, and again pulled a rug, generating 103 SOL (about $24,000) in profits.

Following his rug pulls, crypto community members tracked down and exposed the teenager’s personal information, including his name, address, and school details across social media platforms.

Gen Z kid rugged a token live on video, on his pumpfun called $Quant. We ran into him months ago and tried to support him on his journey in crypto. Turns out he’s a little douchebag. The community is now mooning this to teach him a lesson.
Remember this kid @JackPottTrades… pic.twitter.com/tdwoSZ7ocv

— K1dCrypt0 (@K1d_Crypt0) November 20, 2024

Disclaimer