A Literal Child Just Stole $30,000 Dumping a Memecoin on His Live Stream

The coin is pumping now—he could have made millions.

A young streamer recently executed a $30K rug pull with a meme coin named Gen Z Quant (QUANT). The token was created during one of the kid's streams, and almost immediately after launching it, the streamer sold 51 million QUANT tokens for 128 Solana (SOL), netting a profit of $29.6K, according to a Nov. 20 X post by Lookonchain.

The token quickly attracted other investors, causing its price to surge. Data from GeckoTerminal shows that Quant is up more than 33% in the last 24 hours to trade at $0.04685 as of 8:21 a.m. EST. Its market cap currently stands at over $55.45 million, and approximately 20.84K investors also hold the token, which is just over 8 hours old.

A literal child just stole $30,000 dumping a memecoin on his live stream

The coin is pumping nowhe could have made millions

pic.twitter.com/bCo7knUFV0

— dubzy (@dubzyxbt) November 20, 2024

Had the young streamer just held on to his holdings, his 51 million QUANT tokens would now be worth $2.389,350. If he timed his exit at the crypto's peak of $0.11929, the QUANT creator would have amassed over $6 million.

The kid's antics didn't stop after the QUANT rug pull, however, as he went on to create two more tokens with the tickers LUCY and SORRY. He then rugged these tokens as well for 103 SOL, which is worth $24K.

Investors Dox The Gen Z Quant Creator

During the stream, the meme coin's creator showed two middle fingers to viewers as he celebrated the successful rugpull.

Update: They Found the kid who rugged $QUANT and found his Moms Instagram 😂

He dumped his tokens for $30k but would now be worth over $2M 😳🤯

pic.twitter.com/9505a7ltvH

— Gordon (@AltcoinGordon) November 20, 2024

Since he dumped his QUANT tokens, investors have managed to uncover the true identity of the meme coin's creator, including his mom's Instagram and where he goes to school. Investors have also been able to identify the Instagram account that belongs to his mom.