In a bizarre turn of events, a young Gen Z trader livestreamed the rug pull of his self-created cryptocurrency, $QUANT, pocketing 128.3 SOL (worth $30,000) and shocking his audience.
A Gen Z trader's rug pull of his own cryptocurrency, $QUANT, took an unexpected turn when he livestreamed the event, netting 128.3 SOL (around $30,000) and surprising his viewers.
But the crypto community swiftly reacted, turning the abandoned token into a viral sensation. In a matter of hours, $QUANT's market cap soared to $35 million, making the trader's original holdings worth over $1.28 million — had he not sold them.
In a dramatic twist, crypto sleuths uncovered the trader's identity, doxxing him and revealing his address, school, and even his parents' names. But in a poetic twist, the community rallied behind $QUANT, pushing its value to the moon, while a second token, $KID — also created and rugged by the trader — was taken over by a professional team to revive it.
Blockchain analytics platform Lookonchain revealed further details about the trader's activity. He reportedly created and rugged two additional tokens, $SORRY and $LUCY, profiting $13,000 and $12,000 respectively.
To acquire over 51 million $SORRY coins, he invested 1.5 SOL (around $350), which he later sold for nearly $13,000. Similarly, another 1.5 SOL was used to purchase 51 million $LUCY coins, which he eventually sold for almost $12,000. In total, the trader earned over $53,000 from these ventures. However, if he had kept his tokens, his portfolio could have been worth millions.
Several comments were made on the trader's livestream clips by the crypto community. One user commented "this kid going to jail aged 13," while another stated that he will regret that decision for the rest of his life. It is unclear whether the streamer will face any legal consequences for these transactions.
The incident highlights both the volatility and resilience of crypto markets, with the community turning a rug pull into a rallying point for collective action.
