By    Emma Roth , a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and ed

Teen streamer dumped a meme coin for $30K, then things got weird

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2024-11-22 16:30:06

By Emma Roth , a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO.

The young streamer behind a viral meme coin called Quant was doxxed by the crypto community after he ripped off investors, as reported by Decrypt and The Crypto Times. During a livestream earlier this week, the kid giddily watched the price of his meme coin go up before selling his stake for $30,000 and flipping off viewers, causing its price to plummet.

The young investor, who reports claim is 13 years old, started gaining attention after his post on X went viral. “Just made 2k before school. Lock in,” the post said, alongside a photo of the kid holding up his phone to show off his gains. When the boy later launched his token Quant during a livestream, investments quickly started coming in — until he pulled all of the money out of the token completely, Decrypt reports.

This is just the latest example of a trend around meme coin creators promoting their tokens through livestreams, which involve wild — and sometimes dangerous — stunts.

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