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Cryptocurrency News Articles
The Kid Bro Rug: A Cautionary Tale of the Attention Economy
Nov 20, 2024 at 05:46 pm
When this kid, known as "Kid Bro," earned $30,000 from the tokens issued through pump.fun, he excitedly drooled during the live stream.
A young boy, known as "Kid Bro," made headlines after earning $30,000 from tokens he issued through pump.fun, an event that sparked excitement among the crypto community.
However, the story took an unexpected turn when another young boy, dubbed "Evil Kid Bro," launched a token named $QUANT during a live stream and hit the sell button immediately after, rug-pulling everyone involved.
To add insult to injury, "Evil Kid Bro" displayed two middle fingers on the live stream, further enraging the community. But little did he know that his actions would fuel the degens' counterattack.
As a result of the rug pull, $QUANT began to rise rapidly, reaching a market cap of over $100 million at one point. This meant that the portion of holdings that "Kid Bro" had was valued at over $5 million at its peak.
The spectacular event created by "Kid Bro" dumping the tokens became the driving force behind the degens' celebration, highlighting the absurdity of the crypto market.
Following "Kid Bro's" rug pull, the enraged degens doxxed his entire family and brought them to pump.fun, including his pet dog, Lucy.
Lucy's involvement in the pump scheme quickly became the most interesting aspect of the story, with clips of her being shared widely on Twitter.
The clips also caught the attention of xqc, one of the world's top streamers, who commented on the "Kid Bro Rug" live stream clips, "Who would put themselves in a position to be rug-pulled by a 10-year-old? This ecosystem is just garbage; why would you be surprised that such garbage exists?"
While xqc's critique itself wasn't particularly noteworthy for the degens, the fact that he commented on the event and provided an angle was what mattered.
As a result, the degens began to enthusiastically promote the event, highlighting xqc's involvement and promising a large influx of funds.
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