In an unprecedented turn of events, a 13-year-old school kid has taken the crypto world by storm with an audacious rug pull that has left the community in awe and shock. This sigma kid created the Quant coin on the Solana (SOL) blockchain and live-streamed the entire process, from creation to the rug pull, netting a profit of around $30,000. But the story doesn't end there—the value of the Quant coins he sold skyrocketed to a peak of $4 million!
But that's not all. This crypto prodigy didn't stop at Quant. He went on to create two more tokens, $LUCY and $SORRY, performing similar rug pulls and earning a total profit of over $53,000 from all three tokens. The community's response was swift and significant, with investors and crypto enthusiasts quickly identifying the kid and even finding his mother's Instagram account, where victims started demanding their money back.
Despite the backlash, the Quant coin continued to gain traction, with its market capitalization reaching an astonishing $80 million at one point. This surge in value was driven by the community's desire to teach the kid a lesson and highlight the risks associated with rug pulls. The incident also led to the doxxing of the kid and his family, with crypto sleuths exposing his identity, address, and school.
In this video, we delve into the fascinating story of the school kid's creation and rug pull of the Quant coin on Solana, along with his subsequent actions. We explore the risks and potential consequences of engaging in fraudulent activities within the crypto space, and the unpredictable nature of the crypto market. This incident serves as a cautionary tale for both creators and investors in the crypto world.
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