Kid Executes $30K Rug Pull With Gen Z Quant Token

Kid Executes $30K Rug Pull With Gen Z Quant Token He Created During Live Stream

Updated: 20 November 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

A young streamer executed a $30K rug pull with a meme coin by the name of Gen Z Quant (QUANT).

The token was created during one of the kid’s streams. Almost immediately after launching the token, the streamer sold 51 million QUANT tokens for 128 Solana (SOL), worth approximately $30K at the time, netting a profit of $29.6K, according to a Nov. 20 X post by Lookonchain.

QUANT Creator Misses Out On Millions Of Dollars

After rugging the newly-created meme coin, other investors zeroed in on the token. This caused its price to surge. Data from GeckoTerminal shows that Quant is up more than 33% in the last 24 hours to trade at $0.04685 as of 8:21 a.m. EST.

Its market cap currently stands at over $55.45 million. Meanwhile, approximately 20.84K investors also hold the token, which is just over 8 hours old.

A literal child just stole $30,000 dumping a memecoin on his live stream

The coin is pumping now
he could have made millions pic.twitter.com/bCo7knUFV0

— dubzy (@dubzyxbt) November 20, 2024

Had the young streamer just held on to his holdings, his 51 million QUANT tokens would now be worth $2.389,350. If he timed his exit at the crypto’s peak of $0.11929, the QUANT creator would have amassed over $6 million.

The kid’s antics did not stop after the QUANT rug pull, however, as he went on to create two more tokens with the tickers LUCY and SORRY. He then rugged these tokens as well for 103 SOL worth $24K.

Investors Dox The Gen Z Quant Creator

During the stream, the meme coin’s creator showed two middle fingers to viewers as he celebrated the successful rugpull.

Update: They Found the kid who rugged $QUANT and found his Moms Instagram 😂

He dumped his tokens for $30k but would now be worth over $2M 😳🤯 pic.twitter.com/9505a7ltvH

— Gordon (@AltcoinGordon) November 20, 2024

Since he dumped his QUANT tokens, investors have been able to uncover the true identity of the meme coin’s creator, as well as other personal details such as who his mom is and where he goes to school.

Investors have also identified the Instagram account belonging to his mom.