A kid with the pseudonymous “$kid brother” on X.com broke the internet today after he rugged a memecoin he created on a live stream. Memecoin enthusiasts and “$kid brother” followers were stunned after getting rugged for $30,000.
‘QUANT,’ a memecoin created by the X user, got the kind of attention the user wanted, and soon after it hit a profitable margin, the kid rugged the project and walked away with $30k in Solana.
Kid makes a coin then dumps on people for $30k while live-streaming 😭pic.twitter.com/LoanyydtYX
— TTI (@TikTokInvestors) November 20, 2024
Hilariously, the crypto community continued to pump coins at the time of writing, QUANT’s market cap surpassed $58 million with around $2.0 million in liquidity in just a few hours after its launch.
If the kid had waited for 8 hours, he would have turned his $30,000 into $2 million. At the time of writing, the memecoin revolves around $0.06, with a 43.27% hike in the last 9 hours.
As the bullish momentum has intensified, people have seen an opportunity into kid’s memecoin and started buying without knowing the fact that such memecoins are just a joke.
People Find Out QUANT Kid’s Mom
As per the latest report, People found the Instagram handle of his mom, where victims started demanding their money back. As per the details, the kid has swapped QUANT tokens with SOL. The kid has not stopped there as he created two other memecoins named $LUCY (after his dog) and $SORRY (to apologize). However, there’s no reply from his mom yet.
Such eye-opening incidents make people realise that the memecoins are not meant for investment. Its creator can easily dump tokens and send the token’s value to nearly zero. While QUANT is still enjoying liquidity, ultimately, its value will drop to zero as the token has no backing or utility.
Also Read: Can Solana Memecoin Volume Surge Cause $SOL Price Hit $300?
Source: https://www.cryptonewsz.com/kid-rugs-quant-memecoin-for-30k-turn-into-2m/