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Cryptocurrency News Articles

A Kid Created a Coin $Quant While Live-Streaming and Sold All of It for 128 $SOL($30K), Making a Profit of $29.6K!

Nov 21, 2024 at 04:00 pm

In an amazing crypto success story, a young man using a live stream created a token named $Quant. Within hours, the teen sold all $ 51 million $Quant

A Kid Created a Coin $Quant While Live-Streaming and Sold All of It for 128 $SOL($30K), Making a Profit of $29.6K!

A teenage crypto enthusiast has made headlines after creating and selling a token named $Quant in a spectacular crypto success story. The teen live-streamed the entire process, showcasing the ease and speed at which new tokens can be minted and sold on decentralized exchanges.

Within hours of launching $Quant at an initial price of $0.0006, the teen managed to sell all 51,123,400 tokens for 128 $SOL, which is roughly equivalent to $30,000 at the time of the sale. The total capital gain from this venture amounted to an impressive $29.6K.

The astronomical rise in the token's value continued unabated, with all 51M $Quant tokens sold by the teen now valued at a staggering $4M.

Undeterred by the massive success of $Quant, the teen went on to create two more tokens, $lucy and $sorry, which were also sold out within hours, netting another 103 $SOL ($24K) in profits.

The transactions on the blockchain show the creation of $Quant, $lucy, and $sorry tokens, their swaps, and subsequent disposal.

The records indicate that the trading turnovers of $Quant were over $213 million in a single day. Notably, the initial price of the tokens was in the range of fractions of a cent, whereas they traded at an average price of $0.07876 on April 21.

According to CoinGecko, the token experienced a phenomenal surge of 71,000% in just 24 hours, making it one of the most rapidly appreciating cryptocurrencies in recent times.

This young crypto enthusiast's quick success in creating and selling three tokens, all of which sold out in a matter of hours, has made them a hot topic in the crypto community.

While some people applaud the opportunity to start new businesses, others express concern about the risky nature of such activities. Meme coins and other hastily launched tokens are known for their wild price fluctuations, but experiences like $Quant's show how blockchain can open up incredible possibilities.

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