Memecoins and foil. On the blockchain network of Solana (SOL), the protocol Pump.fun has transformed into a real factory producing memecoin. This is how a adolescent lover of cryptocurrencies (and nasty tricks), by creating his own memecoin, managed to pocket tens of thousands of dollars at the expense of its first investors. Via a sort of rug pull express. The cryptosphere took revenge by giving this memecoin, QUANTa second life and a valorization in million dollars!
This insolent little guy creates the QUANT memecoin and resells all his tokens at the expense of other investors
The story begins with a teenager 12 ans which creates yet another memecoinwhich he called QUANT (no relation to the QNT crypto project), on the network Solanavia the decentralized finance protocol Pump.fun. The story could have quite quickly ended there, and sunk into oblivion the thousands of memecoins created via this DeFi protocol. But that was not at all the case here.
Indeed, during a live stream, the teenager in question carried out a sort of rug pull against investors of his memecoin in suddenly selling the 51 millions by QUANT that he owned.
If it brought him 128 SOL at the time of his misdeed, i.e. approximately 30 000 dollarsthis also makes him reap the thunderbolts of the cryptosphere for his insolence…
Teen extorts $30,000, but his tokens are now worth millions
Because what this smart guy couldn’t predict was that his QUANT would to be taken over by othersand sent to valuations completely crazy ! Indeed, in an act of collective revenge, the cryptosphere began to buy massively the QUANT memecoin.
To the point that the market cap (market capitalization) of this token has reached several tens of millions of dollars ! According to DEXScreener data, at the time of writing a QUANT is listed at just over 0,04 dollar.
The 51 million QUANT of the teenage crook would therefore theoretically be worth, if he had kept them, more than 2 million dollars From now on ! Very theoretically, because without its worrying nastiness for its age, the memecoin of the little ill-bred would most certainly not have never experienced such a surge !
The cryptosphere wanted to teach this little one a lesson budding scammerand his memecoin could perhaps even last beyond this revenge. But let’s not forget that other memecoin stories are much happier. As those who received BONK on Solanaor this big fan of Dogecoin (DOGE)which became millionaires by keeping their memecoins.
