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Вікторія ГорбікMoney
6 December 2024, 17:00
2024-12-06
UPD. The teenage trader who created the meme coin QUANT, but ran away just short of becoming a millionaire, has launched five more meme coins. How much did he earn this time?
On November 19, in less than 10 minutes, an American teenager earned $50,000 on the memecoins he created, but he ran away, dropping the coins, and crypto traders were offended and decided to teach the boy. The value of its coin soared in a matter of hours to several tens of millions of dollars. However, the teenager never became a millionaire.
UPD. On December 1st, he decided to return to launch new coins. Here is what he managed to earn this time.
On November 19, in less than 10 minutes, an American teenager earned $50,000 on the memecoins he created, but he ran away, dropping the coins, and crypto traders were offended and decided to teach the boy. The value of its coin soared in a matter of hours to several tens of millions of dollars. However, the teenager never became a millionaire.
UPD. On December 1st, he decided to return to launch new coins. Here is what he managed to earn this time.
On the evening of November 19, teenage trader «Kid Brother» created a MEME Quant coin on Pumpfun during a live stream and sold it for $30,000. However, what happened next was unexpected.
In a few hours, the market capitalization of the token increased sharply to $35 million, writes mundodeportivo. If the guy had not flipped the coin, his original assets would have been worth more than $1,280,000.
Photo by mundodeportivo
As Coingape noted, the «carpet-pulling» scenario, on the other hand, led to an increase in exposure to the token, mainly because the «community took over» the project.
The 51 million Quants he sold are now worth about $4 million, Chaincatcher writes .
The community quickly publicized the young trader, revealing his name, address and even his school. Users found the Instagram of the young trader’s mother.
UPD. 12/6/2024 4:50 PM After a two-week break on December 1, a young trader returned to Pump.Fun to launch five new memcoins, Wired writes. He was undaunted by abuse, although California law requires a person to be at least 18 to gamble or invest in stocks, an unregulated memcoin market that has been compared to a «casino» for its risk profile.
Even the names of the new coins were provocative (one was called test, and the other was called donotbuy). However, this did not stop people from buying them. The young trader earned $5,000 this time.
The boy’s father was a little worried about the backlash that had come to their family after his son’s manipulation of coins on Pump.Fun. However, the parents are impressed by the entrepreneurial spirit and technical capabilities demonstrated by his son. «It’s actually something like a sophisticated trading platform. He obviously learned it himself,» says the father.
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