In a bizarre turn of events, a young Gen Z trader livestreamed the rug pull of his self-created cryptocurrency, $QUANT, pocketing 128.3 SOL (worth $30,000) and shocking his audience.
However, the crypto community quickly retaliated, transforming the abandoned token into a viral sensation. Within hours, $QUANT’s market cap skyrocketed to $35 million, making the trader’s original holdings worth over $1.28 million—if he hadn’t sold them.
Adding to the drama, crypto sleuths doxxed the trader, exposing his identity, address, and school. In a poetic twist, the community embraced $QUANT, pushing its value to the moon, while a second token, $KID—also created and rugged by the trader—was taken over by a professional team aiming to revive it.
Blockchain analytics platform Lookonchain uncovered more about the trader’s activity. He reportedly created and rugged two additional tokens, $SORRY and $LUCY, profiting $13,000 and $12,000 respectively.
He invested 1.5 SOL (approximately $350) to acquire over 51 million $SORRY coins, later selling them for nearly $13,000. Similarly, he used another 1.5 SOL to purchase 51 million $LUCY coins, which he eventually sold for almost $12,000. In total, the trader earned over $53,000 from these ventures. Yet, had he held his tokens, his portfolio could have been worth millions.
Trader’s livestream clips goes viral and got several comments from the crypto community. One user says “this kid going to jail aged 13,” while another user said that he is going to regret that decision for the rest of his life. It remains uncertain whether the streamer will face any punitive consequences for these transactions.
The incident underscores both the volatility and resilience of crypto markets, with the community turning a rug pull into a rallying point for collective action.
Also Read: QUANT Kid’s Dog Stolen After Rug Pull, Kidnapper Launches $BARI
