We’re witnessing the perfect and worst of this TikTok meta, and with QUANT (Gen Z Quant), we could have reached the bottom level as a baby rip-off in stay stream for $30k revenue.
However in an uncommon twist, the group rebelled with a post-stream CTO and despatched the coin to over $80 million market cap.
Satirically, the dealer’s authentic holdings would have been value over $2.8 million if he had not offered them. Blockchain analytics platform Lookonchain found that the dealer had additionally created and rugged two different tokens, $SORRY and $LUCY.
He profited $13,000 from $SORRY and $12,000 from $LUCY.
He remodeled $53,000 from these rug pulls, however his portfolio may have been value hundreds of thousands if he had held on.
This child actually made $50K in 12 hours on PumpFun, launching and dumping cash:
$30K on $QUANT
$13K on $SORRY
$12K on $LUCYHowever right here’s the kicker. $QUANT bought CTO’d, and his bag can be value $2.8M as we speak.
Wild.
https://t.co/HAvhKhg2fC pic.twitter.com/Ne3T6lmnI0
— Crypto Diplomat (@diplomat_crypto) November 20, 2024
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Might Quant Child Get Into Bother? Most likely Not
The livestream clips of the rug pull went viral. Clearly, many individuals have vented their anger over these rugs with harsh phrases and threats. Children in crypto just isn’t one thing new, with this TikTok pattern we simply bought new ones.
The unbelievable ease of entry to cryptocurrencies is a double-edged sword: sadly, many kids, even those that are 13 or 14 years outdated, dabble as improvised builders and even simply merchants.
Typically, they don’t notice the hazard of exposing themselves a lot. At 13, you might be largely unconscious and don’t take into consideration the attainable penalties.
The result’s that he and his complete household, together with their residence handle, have been doxxed. Hopefully, the kid will obtain the correct schooling and perceive the enormity of his actions, though that’s unlikely. I imply, he simply launched extra cash proper after Quant one.
There are various extra examples like him, they usually usually endure no penalties. As a substitute of demanding extra ethical weight from these Gen Z youngsters, wouldn’t it’s higher to keep away from investing in cash like this within the first place?
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Disclaimer: Crypto is a high-risk asset class. This text is offered for informational functions and doesn’t represent funding recommendation. You possibly can lose your entire capital.
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