Link: Teen streamer dumped a meme coin for $30K, then things got weird

The young streamer responsible for creating the viral meme coin Quant was exposed by the crypto community after defrauding investors. Decrypt and The Crypto Times reported that during a livestream, he abruptly sold his stake, making $30,000 and dramatically dropping the coin's value.

The streamer, allegedly just 13 years old, first caught attention with a boastful post on X displaying his earnings. Following his viral success, he launched Quant in a livestream, quickly raising significant funds before withdrawing them completely.

As the community reacted to his scam, interesting dynamics unfolded. Despite his actions, additional investments surged into Quant, potentially increasing the streamer’s stake to over $1 million had he maintained his position.

However, the young streamer's identity was soon disclosed, with his personal details widely circulated online. This led to severe privacy breaches, including the exposure of his family’s information.

In retaliation, traders began creating tokens featuring images supposedly of the streamer’s family. This incident is part of a larger trend where meme coin promoters use livestreams to engage in risky promotional antics.

Such incidents highlight the volatile and sometimes perilous nature of meme coins and their promotion. They underscore the need for diligence and caution in the rapidly evolving world of cryptocurrency. #

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