Teen streamer dumped a meme coin for $30K, then things got weird

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The young streamer behind a viral meme coin called Quant was doxxed by the crypto community after he ripped off investors, as reported by Decrypt and The Crypto Times. During a livestream earlier this week, the kid giddily watched the price of his meme coin go up before selling his stake for $30,000 and flipping off viewers, causing its price to plummet.

The young investor, who reports claim is 13 years old, started gaining attention after his post on X went viral. “Just made 2k before school. Lock in,” the post said, alongside a photo of the kid holding up his phone to show off his gains. When the boy later launched his token Quant during a livestream, investments quickly started coming in — until he pulled all of the money out of the token completely, Decrypt reports.

But things started to turn strange and eventually ugly when members of the community looked for ways to take revenge:

This is just the latest example of a trend around meme coin creators promoting their tokens through livestreams, which involve wild — and sometimes dangerous — stunts.



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Teen streamer dumped a meme coin for $30K, then things got weird


The young streamer behind a viral meme coin called Quant was doxxed by the crypto community after he ripped off investors, as reported by Decrypt and The Crypto Times. During a livestream earlier this week, the kid giddily watched the price of his meme coin go up before selling his stake for $30,000 and flipping off viewers, causing its price to plummet.

The young investor, who reports claim is 13 years old, started gaining attention after his post on X went viral. “Just made 2k before school. Lock in,” the post said, alongside a photo of the kid holding up his phone to show off his gains. When the boy later launched his token Quant during a livestream, investments quickly started coming in — until he pulled all of the money out of the token completely, Decrypt reports.

But things started to turn strange and eventually ugly when members of the community looked for ways to take revenge:

This is just the latest example of a trend around meme coin creators promoting their tokens through livestreams, which involve wild — and sometimes dangerous — stunts.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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