12-Year-Old Boy Executes Rug Pull on Memecoin, Rakes in $30,000 Live on Stream

A 12-year-old boy conducted a livestream rug pull of the memecoin QUANT that he created, earning $30,000 from investors.

12 Year Old Boy Executes Rug Pull On Memecoin, Rakes In $30,000 Live On Stream

A sensational rug pull involving a 12-year-old trader has recently stunned the crypto world. The incident unfolded when the boy executed a rug pull of the QUANT token on the pump.fun platform, siphoning $30,000 from investors.

Instead of letting it slide, the crypto community decided to “teach” the young trader a valuable lesson. They orchestrated a Community Takeover of the token and drove QUANT’s market cap to an astonishing $80 million. This not only served as a lesson for the young trader but also highlighted an ironic twist: the $30,000 he initially stole would have been worth over $2 million had he not pulled the rug.

QUANT
QUANT

The story quickly went viral across social media. The community didn’t stop at pumping the token’s value; they also exposed the boy’s identity and even turned his family’s personal details into new memecoins on pump.fun.

Related: Kylian Mbappe Hacked on X Account to Shill Memecoin

Following the incident, the Gen Z trader launched two new tokens: LUCY (named after his dog) and SORRY (a mocking “apology” to those who lost money). Yet again, the crypto community responded by driving the value of both tokens up 11x and 12x, respectively, before he rug-pulled them once more.

The QUANT saga has highlighted the wild west nature of pump.fun. Of over 50,000 tokens launched on the platform within just 24 hours, only 898 tokens met the requirements to be listed on Raydium—a shockingly low success rate of 1.795%. The majority of the remaining tokens were scams, leaving many investors with significant losses.

Recent statistics further underscore the platform’s risks:

  • 60% of investors on pump.fun suffer losses.
  • Only 3% of participants manage to earn profits exceeding $1,000.

This incident serves as a stark reminder of the dangers lurking in decentralized token platforms, especially for inexperienced investors drawn in by the allure of quick gains.

(1 vote)

5.0/5

(1 vote)

Latest

Bitcoin Boom Ahead Institutional And Derivatives Data Reveal

News | Bitcoin | Editor Choice

Bitcoin Boom Ahead? Institutional and Derivatives Data Reveal

Market experts believe that Bitcoin (BTC) is in a phase of accumulation rather than topping, predicting a retest before the next explosive breakout.

Bnb Super Cycle – A Massive Rally Or Binance’s Next Big Bubble

News | Altcoin | Editor Choice

BNB Super Cycle – A Massive Rally or Binance’s Next Big Bubble?

Binance’s BNB token is heating up the crypto market with a series of new record highs, but amid the excitement of the so-called “Super Cycle,” many analysts warn it could just be a bubble waiting to burst.

Bitcoin Cools Off After Record Breaking Rally

News | Bitcoin | Editor Choice

Bitcoin Cools Off After Record-Breaking Rally

After a series of record-breaking gains, Bitcoin suddenly slipped more than 2% on Tuesday afternoon as a wave of profit-taking spread and investor caution returned to the crypto market.

Aster Accused Of Inflating Trading Volume, Token Price Drops 10%

News | Altcoin | Editor Choice

Aster Accused of Inflating Trading Volume, Token Price Drops 10%

The decentralized exchange Aster is facing heated controversy after being accused by DefiLlama of fabricating trading volume, causing the ASTER token to plunge sharply.

Bnb Price Surges Toward $2,000 Amid Altcoin Season Boom

News | Altcoin | Editor Choice

BNB Price Surges Toward $2,000 Amid Altcoin Season Boom

BNB continues to set new records as the altcoin season ignites, with investors eyeing the $2,000 milestone amid a wave of market optimism.

Screenshot 2025 09 10 100533