Gen Z trader rugs meme coin during livestream, community’s revenge sends token to $80M


Key Takeaways

  • A Gen Z trader’s rug pull attempt with a meme coin led to a dramatic rise in the token’s value.
  • The crypto community exposed the trader’s personal information online in retaliation.

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A teenage crypto trader’s attempt to profit from a meme coin rug pull backfired when the community’s response pushed the token’s market capitalization to $80 million.

The trader created the QUANT token on Pump.fun during a livestream on Wednesday and executed a rug pull, selling 51 million tokens for 128 SOL (approximately $30,000), according to blockchain analytics firm Lookonchain.

Rather than collapse, the token’s price movement turned bullish. In the last six hours, QUANT shot up over 900% as crypto community members deliberately invested in the project, data from DEX Screener shows.

At peak prices, the trader’s initial token sale would have been worth over $4 million.

DEX Screener

The “kid” trader subsequently launched two additional tokens, LUCY and SORRY, generating 103 SOL (about $24,000) in profits, according to Lookonchain.

Following his rug pull, crypto community members tracked down and exposed the teenager’s personal information, including his name, address, and school details across social media platforms.

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