Case Chronology

- A teenager created and promoted the $QUANT coin on the Solana platform, which was later revealed to be a “rug pull” scheme.¹

- He bought 18.89 million $QUANT coins for 2 SOL ($460) and sold them for a profit of $30,000.

- The crypto community took revenge by pumping the price of $QUANT up 71,000% in 24 hours, reaching a market cap of $82 million.

Analysis

- This “rug pull” scheme highlights the vulnerability of platforms like Pump.fun to fake projects.

- This incident also reminds us of the risks of short-term speculation and the importance of a strong regulatory framework.

Sumber informasi: Gen Z Kid Rugs $QUANT, Crypto Community Pumps It to $35M