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Kid Pump and Dump His Token and Make $30,000
A Gen Z trader, riding the wave of online attention, launched a token called $QUANT on Pumpfun.
In a shocking move, he live-streamed himself rugging the project, pocketing nearly $30k while his audience watched in disbelief.
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.
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.
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.
#pumpanddump #crypto #cryptocurrency
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