Xiaohaige the Memecoin Mastermind: From $30k Profit to $4m Loss, a Cautionary Tale of Missed Opportunities and Community Outrage

In a bizarre turn of events, a young live-streamer known as Xiaohaige created the memecoin $Quant, selling all 51 million tokens for 128 SOL ($30,000) and pocketing a profit of $29,600.

A young live-streamer in China, known as Xiaohaige, created the memecoin $Quant and sold all 51 million tokens for 128 SOL ($30,000), making a profit of $29,600. However, the tokens he sold are now worth a staggering $4 million.

Xiaohaige’s venture began on April 25, when he generated two memecoins, $Lucy and $Sorry, and sold them within 24 hours, earning an additional $24,000 in profit. His antics highlight the high-risk, high-reward nature of the memecoin market.

Despite the backlash and community outrage over his actions, the incident spurred $Quant’s meteoric rise. Following the sell-off, $Quant’s CTO stepped in and the coin’s market value surged to $77 million.

Meanwhile, netizens discovered Xiaohaige’s real identity and, in protest, sent memecoins to his family. Undeterred, Xiaohaige went on to create two more memecoins.

Interestingly, $Quant’s surge was largely influenced by several key addresses. Specifically, addresses ranked 2, 3, 4, 6, and 10 in terms of their holdings in the TOP 10 Tokens. These addressescollectively spent $56,400 over seven minutes to purchase 4.7% of the total supply after Xiaohaige’s sell-off.

Their strategic acquisitions helped stabilize the token’s value, leading to profits exceeding $2.92 million. While Xiaohaige missed out on nearly 10,000x returns by selling too soon, his ventures underscore the volatile, unpredictable nature of memecoins.

The $Quant saga serves as a cautionary tale of both missed opportunities and the power of community-driven momentum in the ever-chaotic crypto landscape.