13-year-old coin genius: made 30,000 euros by rug pulling with meme coins, angering the crowd to investigate the entire family into meme coins

The meme coin caused a big scene, and the 13-year-old rug pull made a fortune and ran away.

A 13-year-old 'Gen Z' elementary school student in the United States launched the meme coin 'Gen Z Quant' on the meme coin issuance platform, attracting a large number of investors. However, when the value of the coin started to soar, he immediately dumped his 5,100 coins and quickly cashed out $30,000, saying 'bye' and giving the middle finger to the screen before performing a Rug Pull. This move infuriated investors, who shouted 'Rug pulled!'

ELEMENTARY SCHOOL STUDENT RUG PULL LAUGHED AT NETIZENS AFTER COMPARING THE MIDDLE FINGER

But what's really funny is that this meme coin, after his Rug Pull, was actually hyped up by a group of 'Revengeful Encryption Speculators Alliance' to increase by 900%. It is said that if the boy hadn't sold it, his $30,000 could have skyrocketed to an amazing $2 million. Netizens laughed and joked: 'The boy was too anxious and ran away before he held onto the money!'

Primary school student Rug Pull, but triggered the 'joint responsibility' of the family being attacked by netizens.

The incident of fraudulent coins itself is quite dramatic, but what the netizens did next was unexpected. Some deceived netizens began to 'attack' the families of elementary school students, even publicly disclosing their personal information, including the identity details of their parents, siblings, and even creating meme coins related to their family members, such as 'QUANTMOM' and 'QUANT SIS', which are still being traded on the market.

The farce has turned into a 'cyberbullying conference', even though the target is just a 'primary school student', netizens are still ruthless. Some people question whether such behavior is too much, but some netizens believe that provoking 'encryption gamblers' should bear the consequences.

Netizens searched for the social media accounts of elementary school students and made fun of them, even turning their family members into meme coins. The world of meme coins is crazy, going from a 'meme' to a $390 million market.

The madness of meme coins is not limited to just these. Recently, a meme coin themed after the meme 'Chill Guy' has surged to a market capitalization of nearly $390 million, with a daily volume of up to $750 million, leaving the creator of the original internet meme in disbelief.

And the creator of Chill Guy is even prepared to take legal action to protect his copyright. However, for this Decentralization market, it is almost impossible to delist Token through legal means. A netizen bluntly said, 'This Token was launched anonymously, and the law has no way to deal with it.'

Chill Guy's creators will take legal action to protect copyright. The trend of Cryptocurrency Speculation live streaming is just one step away from memes to crimes.

As the meme coin craze continues, more and more people are selling meme coins on live streaming platforms to attract investors to buy in. However, many of the operations behind the scenes of these live streams are shocking. Some live streamers promote the audience to "buy quickly", but secretly sell Tokens themselves, causing a big dump in coin value.

It seems that a foreign live streamer named 'TJR Trades' is suspected of using this method to earn $45,000 in a short time with a Token.

TJR Trades manipulates the price of coin on Direct Dial

He later publicly admitted that his actions were illegal and suspended the live broadcast to consult a lawyer to avoid breaking the law. He said, 'One wrong step could land me in jail, and that's definitely not what I want.'

The live streamer publicly confesses his illegal behavior. Meme coins have become a speculative blue ocean. Don't let yourself become a pitiful bait.

In summary, whether it is a 13-year-old primary school student, a meme coin enthusiast, or the behavior of live streaming to promote Tokens, it all indicates that meme coins have long become a 'blue ocean' for speculators, but it may be a bottomless pit for ordinary retail investors. Experts also remind that if someone becomes very rich because of meme coins, then the money he earns is possibly what others have lost. Scam coins have no age limit, so think twice before acting.

(Internet celebrity Logan Paul promoted meme coins and non-fungible token card games, players lost money and sought compensation of 4.2 million euros)

This article 13-year-old genius who trades coins: earns 30,000 euros by pulling rug with meme coins, angering the crowd to expose the whole family for making meme coins first appeared on Chain News ABMedia.