13-Year-Old Streamer Under Fire for Allegedly Creating Meme Coin and Live-Streaming a Pump-and-Dump Scheme

The coin, dubbed “Quant” ($Quant), skyrocketed in value when the young influencer promoted it, only to plummet after he sold off his holdings

A 13-year-old streamer, known online as "$Kid," is facing scrutiny after allegedly creating a meme coin and live-streaming a pump-and-dump scheme.

The coin, dubbed “Quant” ($Quant), experienced a surge in value after the young influencer promoted it during a recent stream. However, the price quickly plummeted once he sold off his holdings, reportedly making $30,000 from the sale.

The controversial livestream, where the child streamer appeared to execute the rug pull, went viral, drawing both amusement and anger from the crypto community.

A post shared by 2.1M Commanders (@historyinmemes)

The incident has sparked outrage among many in the crypto-trading commmunity, as pump-and-dump schemes, where creators manipulate the price of a token for profit at the expense of investors, are widely regarded as fraudulent.

Following the Quant incident, the streamer allegedly went on to create two additional meme coins, $Lucy (named after a dog) and $Sorry (following the rug pull). It remains unclear if any legal action will be taken against him.

The US Commodity Futures Trading Commission (CFTC) has issued a warning against engaging with such tokens, cautioning that individuals can file complaints if they suspect fraudulent activities.

While the crypto community remains divided, the episode highlights the growing intersection between streaming and cryptocurrency, with young influencers becoming increasingly involved in digital finance.