Crypto kid rugs traders for $30k profit, misses $4 million gains
In another cautionary tale against chasing “greater fool” games, a kid rug-pulled crypto traders for an unexpected $30,000 profit. However, the self-called “degen” market struck back, sending the memecoin up, making the kid miss over $4 million in gains. Interestingly, this recent memecoin rug pull happened live as the kid was streaming the whole process, guided by a mentor. It is notable how euphoric and surprised he gets after selling and collecting the money, giving his middle fingers to the camera after fooling his audience. Kid makes a coin then dumps on people for $30k while live-streaming pic.twitter.com/LoanyydtYX — TTI (@TikTokInvestors) November 20, 2024 According to Lookonchain , the kid sold 51 million $Quant for 128 SOL, worth $30,000, making a $29,600 profit. Yet, the buzz following the rug pull attracted even more liquidity to the memecoin, with the 51 million tokens achieving a $4 million nominal value by Lookonchain posting time. ...