To be honest, this might be one of the most bizarre stories in the cryptocurrency world in recent months.
A very young teenage trader, capitalizing on his online following, launched a token called $QUANT on the platform Pump.fun. During the live stream, he sold a significant portion of the tokens, pocketing approximately $30,000, much to the dismay of his viewers. As if that weren’t enough, after the rug-pull the kid celebrated his swift profit by showing fingers at his viewers, mocking those who had invested in his creation.
However, in an unexpected twist, the community decided to turn the tables. Instead of abandoning the token, they collectively rallied behind $QUANT, investing en masse and causing its market capitalization to soar. Within hours, the token’s market cap skyrocketed to over $35 million, according to data from DEX Screener. Had the young creator held onto his tokens, they would have been worth over $1 million.
As if this story was not surreal enough, later the young trader created two new tokens, $LUCY and $SORRY… only to repeat the rug-pull and make another quick profit of approximately $24,000 in total.
The community’s response didn’t stop at pumping the token’s value. Some members went too far and took it upon themselves to uncover personal details about the trader, a practice known as “doxxing.” They shared personal information about him, including details about his family and school. Some even posted comments on his mother’s social media accounts, complaining that her son had stolen their money. Others went as far as creating tokens named after his family members.
In the end, the trader’s attempts to make quick money not only backfired financially but also placed him under unwanted scrutiny. This episode serves as a cautionary tale about the risks of exploiting the market for quick profits and underscores the power of a mobilized online community – especially an angry one.
