Scammer
“Thanks for the 20 bandos!”
Everyone is creating scams on the Solana chain these days, including children. It’s easy to create your own rugs and even seed the liquidity by using a platform called pump.fun. The kid in question created a coin on pump.fun called “GenZ Quant”. He live-streamed the entire thing. Once the coin reached a pathetic $1 million dollar market cap, he flipped off his audience and yelled, “Thanks for the 20 bandos!” and then began jumping around the room.
What happened next was unexpected. The holders of the coin managed to push the token’s market cap up to $85 million. If the little scammer had held onto his bags he could’ve made around $4 million dollars at the top. Who knows, he may have had other wallets that nobody knew about.
How it Started
He made a tweet bragging about making $2K before school. People on Twitter thought it was funny, and the kid started gaining popularity quickly. Just two days later, he used his newfound popularity to launch QUANT.
This kid is just one of many rug pullers that we deal with in the crypto space daily. Remember this when you are buying random coins on the Solana chain (and others). This is who you are dealing with. We need to expose these scammers and educate new crypto investors. When people stop buying trash, the trash will take itself out. It was a low-IQ move that this kid made by showing his face. There’s no way he doesn’t face some kind of legal consequences for fraud.
You can watch him rugpull QUANT in the video below:
