Jakarta – A 12-year-old crypto trader recently made headlines after attempting a rug pull on the Solana-based memecoin Gen Z Quant (QUANT) during a live stream. The young trader initially boasted on X (formerly Twitter) about earning $2,000 (Rp31.7 million)** before school, but the stunt backfired spectacularly when the crypto community retaliated—sending QUANT’s market cap soaring to **$82.3 million (Rp1.3 trillion).
How the Drama Unfolded
- The Setup: QUANT launched via Pump.fun, gaining rapid traction.
- The Rug Pull: The young trader abruptly sold 51 million QUANT tokens (worth 128 SOL or $30,000/Rp477 million), crashing the price.
- Community Revenge: Investors rallied behind QUANT as a "lesson," driving its price up 77,000% and creating a viral phenomenon.
Mixed Reactions from the Crypto Community
Reactions were polarized:
✅ Pro-Lesson Camp: Viewed the backlash as karma for rug-pullers.
❌ Critics: Questioned why seasoned investors followed a child’s lead, calling it an embarrassment.
Ironically, had the trader not dumped QUANT, their holdings would’ve ballooned to $4 million (Rp63.8 billion).
👉 Discover how meme coins like QUANT can turn volatile overnight
QUANT’s Meteoric Rise and Crash
After peaking, QUANT plunged 57%, now trading at $0.035 (Rp557)** with a **$35.11 million (Rp557 billion) market cap. Meanwhile, the trader launched two new memecoins (LUCY and SORRY), netting another 103 SOL ($24,000/Rp379 million)—before those too collapsed.
Winners and Losers
- Big Wins: One investor turned 2 SOL ($462/Rp31.7 million)** into **$962,000 (Rp15.2 billion) by holding 18.89 million QUANT.
- Cautionary Tale: QUANT’s volatility underscores the risks of memecoin speculation.
Key Takeaways for Crypto Investors
- Community Power: Collective action can reverse (or amplify) market moves.
- High Risk: Memecoins thrive on hype—exit strategies are crucial.
- Ethics: The incident raised debates about exposing minors’ identities online.
👉 Learn how to navigate volatile crypto markets wisely
FAQ: QUANT Rug Pull Fallout
Q: What’s a rug pull?
A: A scam where developers abandon a project after draining investors’ funds.
Q: Why did QUANT rebound after the rug pull?
A: The community bought the dip to "teach a lesson," creating artificial demand.
Q: Are memecoins like QUANT safe investments?
A: No—they’re highly speculative. Only invest what you can afford to lose.
Q: How can I avoid rug pulls?
A: Research teams, check liquidity locks, and avoid anonymous projects.
Q: Did the 12-year-old face legal consequences?
A: No reports yet, but the incident sparked debates about crypto accessibility for minors.
Q: What’s QUANT’s current status?
A: Trading at a fraction of its peak, with fading hype.
Final Thoughts
The QUANT saga highlights crypto’s unpredictable nature—where viral drama can eclipse fundamentals. While some profited, most learned a costly lesson: In memecoins, timing is everything.
Stay updated with credible sources and prioritize projects with real utility over fleeting trends.