Recently, a minor managed to earn $54,000 in short-term profits by issuing meme coins and mocking the community, sparking heated discussions. The author of this article wants to discuss whether the rapid and substantial profits brought by meme coins distort the values of newcomers. (Background: An excited kid made $30,000 by live streaming the issuance of the meme coin $Quant on Pump.fun but missed out on 100 times the profit by cashing out too early) (Context: On-chain detective ZachXBT fired back: Meme coin players are all gamblers, and being scammed or harvested is not worthy of sympathy) Stories of making tens of thousands of dollars daily from meme coins are certainly something you’ve heard often. However, the tale of a teenager who appears to be in middle school or even elementary school, issuing multiple meme coins and cashing out to harvest over $50,000 from investors, is quite rare and continues to provoke community discussions. To avoid you being unaware of the context, let’s summarize briefly. Yesterday, a child who seemed to be around 10 years old issued the token $Quant during a live stream on Pump.fun, and when the token’s market value approached nearly $600,000, he chose to cash out and run away, earning as much as $29,600. His other two tokens “lucy” and “sorry” also followed suit, totaling profits of $54,000 (approximately NT$1,758,942). Just as he was boasting in the live stream video, mocking the retail investors he had harvested and even making an obscene gesture, the community seemed intent on teasing this child. After the kid cashed out, the market value of Quant quickly soared to a peak of $80 million, and this little brat sold out for a total of $4 million. The potential impact of meme coins on teenagers' values This incident's live stream video quickly spread through the community, with some commenting, "At such a young age, learning to cash out and harvest, he will surely be something when he grows up," while others believed, "The kid knows how to take profits; he understands the principle of selling out and always making money." However, while the vast majority of the community commented on the kid's selling operation, very few considered: "How significant is the impact of making quick money through meme coins on the child's values?" I have also played with meme coins, and I have experienced the thrill of making big money; even I, as a mentally mature adult, can be severely affected emotionally by "making big money/losses". This situation would only be more severe for a child whose mind is not yet mature, and his future values regarding money could become even more distorted. For instance, I have heard of cases where students made quick fortunes with meme coins but failed to develop good investment discipline, leading to losing all the money they had earned and starting to think that earning a salary of 40,000-50,000 honestly through hard work is something only fools do. As a result, in an unhealthy mindset, they cannot learn properly in the workplace nor become real experts who can make a living through investments, and their lives spiral completely out of control. Here are a few quick examples of the negative impacts meme coins may have on teenagers' values: Reinforcement of materialism: Defining success solely in terms of money while neglecting emotional and social value balance. Taking on pressure and failure risks too early: Mental health issues (e.g., excessive anxiety, self-worth crises). Survivorship bias: The community is often filled with stories of successful individuals, leading teenagers to mistakenly believe that making money through investments is easy, ignoring the need to cultivate their professional abilities. Of course, the author does not intend to completely deny the value of meme coins. Memes indeed reflect the community and culture in today's internet society, helping users understand market fluctuations, enhance information acquisition capabilities, and learn related blockchain knowledge. This cycle has indeed seen many cases of wealth gained through meme coins. However, the market is currently flooded with too many meme coins developed solely for profit, which is essentially a form of on-chain gambling; it is simply a zero-sum game where people eat each other (most retail investors ultimately get harvested). Investors need to be aware of this and control the risks they can bear. Online bullying extending into the real world On the other hand, since the kid was live-streaming, his "cashing out Rug" behavior triggered a sense of revenge among investors. They doxxed the kid, finding his home address, school, and social media accounts of his relatives, and left harassing comments on his relatives' social media platforms. Even more absurdly, the community even tokenized the avatars of the kid's father, mother, and sister and issued them on Pump.fun. Although there have been no related news reports yet, this could potentially lead to incidents of online or real-life bullying in the future. While the cryptocurrency world emphasizes that everyone can freely interact with on-chain agreements, I believe that blindly advocating the notion that tools are innocent while overlooking the potential harm and impact that mentally immature users may encounter in the process is overly idealistic. Various incidents have made me realize once again that there are still many areas in the cryptocurrency world that need continuous improvement.