Who is Kid Bro as young child trader and streamer rugs meme crypto token coin $Quant to earn $30,000 from pump and dump

Just made $2k before school Lock in pic.twitter.com/CG9qkk9EiS

A young streamer on X.com, known as “$Kid,” has sparked controversy after orchestrating a pump-and-dump scheme with a meme coin called “Quant.” The incident has raised questions about the ethics of cryptocurrency schemes and the responsibilities of streamers, especially those catering to impressionable audiences.

Social media users have since identified the streamer's real-life identity and connections, including his mother, Sara Berger, and his dog, named Lucy. The streamer is reportedly 13 years old and attends middle school. His father's name is Adam, and he has a sister named Alexis. The streamer's full name and age have been a subject of discussion among crypto enthusiasts and traders.

According to reports, the streamer's actions netted him a quick profit of approximately $30,000, which he earned by creating and selling a meme coin called Quant during a live stream. The streamer's antics and the subsequent attention from the crypto community led to the meme coin being pumped to a market capitalization of $35 million.

In a pump-and-dump scheme, the creator of a cryptocurrency or stock artificially inflates its value through deceptive tactics, such as spreading false information or creating a buzz around the asset. Once the price skyrockets, the creator sells off their holdings to reap substantial profits, leaving other investors to bear the brunt of the losses. In this case, “$Kid” reportedly earned around $30,000 from Quant before his actions during a live stream went viral, garnering significant attention.

Adding to the drama, the streamer is also said to have created two other meme coins: $LUCY, named after his dog, and $SORRY, perhaps a wry apology for the rug pull. Verified user The Dude (@thedude0ne) shared details about these tokens, including their respective valuations, further amplifying the attention to this saga. Notably, the streamer reportedly made $2,000 a day before his venture started.

While the U.S. Commodity Futures Trading Commission (CFTC) has advised against engaging with such tokens, it remains to be seen if “$Kid” will face any legal repercussions for his actions. The CFTC encourages individuals to report potential fraud and provides avenues for filing complaints.

Meanwhile, blockchain data reveals that some investors did manage to profit handsomely from these coins. One trader reportedly made an astonishing $500,000, according to available information.