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

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2024-11-21 17:30:03

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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.

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.

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.

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