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

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First, he was celebrating, but soon the tables have turned.

Gen Z trader rugs meme coin during livestream, community's revenge sends token to $80M
Photo: Lookonchain

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 (Gen Z Quant) on Pump.fun during a livestream on Wednesday and executed a rug pull. He sold 51 million tokens for 128 SOL (approximately $30,000) and made off around $29,600, according to blockchain analytics firm Lookonchain.

Rather than collapse, QUANT’s price movement turned bullish. In the last six hours, the token’s value 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

After QUANT, the kid trader launched two additional tokens, LUCY and SORRY, and again pulled a rug, generating 103 SOL (about $24,000) in profits.

Following his rug pulls, 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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