Gen-Z Crypto Kid's Rug Pull Attempt Backfires Spectacularly, Creating One of the Most Unexpected Events in the Cryptocurrency World

The crypto kid goes viral after live-streaming the creation and rug pull of the QUANT token. A token named QUANT, initially created as a scam, surged by 71,386%, leaving the young creator astonished and the crypto community triumphant.

A Gen Z crypto trader’s attempt to rug pull a memecoin went awry when the community rallied behind the token, pumping its value by 71,386%. The incident occurred on Solana’s Pump.fun platform, where the young creator launched the QUANT token as part of a scam.

However, the trader’s plan backfired as the community rallied behind QUANT, driving its price to astronomical heights. The token surged from an initial price of 0.00011 to a peak of 0.07876, leaving the creator astounded and sparking a wave of celebration among crypto enthusiasts.

The Gen Z trader’s crypto scam attempt went viral on social media and live-streaming platforms. Many viewers expressed outrage at the creator's actions, highlighting the prevalence of crypto scams and calling for stricter measures. Some members of the crypto community even tracked the creator’s online presence and notified his family.

As the story gained traction, viewers learned more about the trader's motive for creating and rug pulling the QUANT token. According to the creator, the scam was intended to be a "lesson" for those who blindly follow trends without conducting proper research. He claimed to have lost money in the past due to FOMO-driven purchases and wanted to show others the risks involved.

However, the trader's attempt to justify his actions was met with criticism, as many traders pointed out that his scam ultimately harmed those who purchased the token, believing it to be a legitimate project.

Despite its initial surge, QUANT’s value has started to decline, a common trend for memecoins driven by hype. It currently trades at 0.03075, down more than 50% from its peak, with a market capitalization of $28.4 million. However, its trading volume remains high at 317.5 million, suggesting continued interest.