12-Year-Old Schoolboy Becomes Crypto Prodigy, Raises Ethical Concerns with Meme Coins
A 12-year-old schoolboy has captured global attention in the cryptocurrency world, amassing $55,000 in earnings through meme coins created on the PinkFinance platform. The young entrepreneur initially went viral on social media after claiming he earned $2,000 before attending school. He then launched a token called QUANT, which quickly gained traction, reaching a market capitalization of $70 million. However, the success was marred by controversy when a live-streamed rug pull of the token saw him sell off his holdings, generating $30,000 in profits.
Following the QUANT incident, the boy created two additional tokens, SORRY and LUCY, earning another $25,000. While his financial achievements have highlighted the earning potential within the meme coin market, they have also sparked heated debate about ethics in crypto. Critics condemned his actions as manipulative and unethical, with some even leaking his personal information, including his school and home address, online.
This story has become a key talking point in discussions around the risks and volatility of meme coin investments. It underscores the lucrative opportunities in the crypto space while exposing its vulnerabilities, particularly regarding ethical concerns and the lack of safeguards against such activities.