"Teen Investor’s $30K Crypto Rug-Pull Backfires as Coin Hits $85M Market Cap"
A while back, the teenager known as Quant Kid created the Memecoin Gen Z Quant in an attempt to get rich, and invested $350 of his own money on 51 million tokens (around 5% of the total in circulation says Wired).
Just eight minutes later, during his live stream on Pump.Fun, the kid executed a rug-pull, screaming "Holy fuck! Thanks for the twenty bandos" and making off with around $30,000.
After that little display, and the plummeting coin value, needless to say the coin's other early investors weren't happy. His rug-pull attempt was soon met with what's called a revenge pump, in which investors bolstered Quant to the point where its peak market cap hit around $85 million. If the kid hadn't immediately noped out, he'd now be worth more than $4 million, according to Decrypt.
What's more, enraged investors took it upon themselves to target the teen and doxx him and his entire family, publicising his home address
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