Relying on the coins earned by children is a scam! He bought 'this coin' and it multiplied by k in 3 hours, making a cool profit of 3k million Taiwanese dollars.

Foreign elementary school students create memes about $QUANT Be Played for Suckers, and are ruthlessly doxxed by netizens.

The meme coin market is once again performing a ridiculous drama!

According to Decrypt, a Gen Z elementary school student, aged only 12-13, issued the meme coin GenZ Quant ($QUANT) on the token issuance platform Pump.fun and directly 'Be Played for Suckers' during the live broadcast, earning about $30,000. This subsequently triggered retaliatory doxxing behavior from crypto world netizens.

Although Pump.fun allows anyone to easily issue coins, not everyone can make a profit from it. Most of the coins on the platform are meme coins that are unpopular and have very low liquidity. But why is this elementary student's coin attracting so much attention?

The story of this elementary school student begins with a post. He once shared a screenshot on X (formerly known as Twitter) showing that he had earned $2,000 before starting school, which immediately caught the attention of the crypto world community.

When he issued $QUANT on the Pump.fun platform, many traders were curious about this seemingly naive issuer.

Trader Nocci said:

"We all think this could be a very promising project, after all, it's not every day that you see a 12-year-old child issuingCryptocurrency by themselves."

However, when the Market Cap of $QUANT reached 1 million US dollars, the elementary school student made an amazing move by directly dumping all of the tokens in hand, causing the coin to big dump by 54% instantly, and he earned about 30,000 US dollars from this. He also mocked the investors who were dumb buying by flipping off the camera during the live broadcast.

Source: X foreign elementary school students created a meme coin $QUANTBe Played for Suckers, and suffered from online manhunt by netizens.

Although he was surprised when he saw the big dump, he didn't seem to realize he was being played for suckers. But he soon immersed himself in the joy of suddenly making a lot of money, not only gesturing his middle finger to the camera, but also jumping around the room.

This move has angered some crypto world netizens, and even doxxed the real identity of this elementary school student, and publicly disclosed his personal information, address, and family's social media accounts.

Under social pressure, the primary school student actually issued two coins again.

Faced with the cyber-hunting behavior of the crypto world netizens, the elementary school student seems to feel no remorse at all.

According to Cointelegraph, he quickly launched two meme coins: I'm Sorry ($SORRY) and LUCY ($LUCY), with LUCY being the dog raised by a primary school student.

Among them, $SORRY Market Cap quickly soared to $4.5 million, and he sold at $4 million, making a profit of about $13,000; $LUCY sold at a Market Cap of $3.8 million, cashing out about $20,300.

It is incredible that the seemingly cruel 'even elementary school students can Be Played for Suckers' behavior has triggered retaliatory investment in the crypto world community.

Well-known Twitch streamer xQc mentioned this on his live stream, attracting 180,000 viewers. On-chain traders seem to see this as a game of wits and start buying $QUANT like crazy.

Anonymous trader SaaS Wiz said:

"The child actually did nothing wrong. This is just a meme coin, which is extremely speculative in itself. This is actually good for Crypto Assets, it will attract more newcomers to join in the Bull Market."

He rides the $QUANT heat trading, earning k times in 3 hours

Just as the elementary school student is dumping Token, a clever on-chain trader also made a profit from it.

On-chain analyst Lookonchain pointed out that he only invested $462 (2 $SOL) and made an astonishing profit of nearly $990,000 (over 30 million NTD) in just 3 hours, with an investment return rate of up to 2,141 times.

The trader purchased Token at a very low cost and sold a portion of it in time during the big pump of Token, while keeping a large amount of Token unsold.

Image Source: Lookonchain traders ride the $QUANT heat, earning k times in 3 hours

Investing in on-chain meme coins carries extremely high risks

Although the 'primary school student cuts suckers' incident seems to be full of entertainment, it reflects the madness and high risk of the Crypto Assets market behind it.

On platforms such as Pump.fun for Tokenissuance, the Liquidity of most meme tokens is extremely limited, and investors may face losses at any time.

Although $QUANT saw a rebound to $0.04428 after the dumping by elementary school students, as of today (the 21st) when the article was written, the gains have been reversed, with Liquidity now standing at only $1.6 million and Market Cap at $25.3 million.

Image source: dexscreener QUANT current price

[Disclaimer] The market carries risks, and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

"Earn rotten coins by relying on children! He made a 3x return on 'this coin' in 3 hours and made a cool 30,000 TWD. This article was first published in 'encryption city'."