Author: Aunt Ai
The hot topic on the chain today is the surge in the value of a Meme coin called Quant, whose current market value has reached 60 million US dollars.
Apart from the surge, the highlight is that the Dev behind this coin is just an underage naughty kid.
Under the trend of Pumpfun’s simple coin issuance model, it is becoming easier and easier to issue a Meme, and the points of interest to arouse people’s emotions are becoming more and more outrageous:
A naughty kid posted a meme, and then sold it for more than 3 million US dollars; then he did the same thing and issued 2 more coins to continue making a profit... Humorously speaking, haven't we achieved Mass Adoption? Even kids can come in and issue coins.
The well-known on-chain data analyst AI Yi compiled the complete timeline of Xiaohaige’s coin issuance and the data behind it. We have organized the original post as follows.
Issue Quant, sell 3.35 million
The story of this kid trader began when he issued a Memecoin called "Quant". With an investment cost of only 1.5 SOL, he purchased 51.09 million tokens, accounting for 5.11% of the total tokens. The subsequent development was jaw-dropping: after the price of the coin began to rise, he chose to sell all his holdings at once, earning 128 SOL (about 30,000 US dollars). Even more dramatic was that after completing the transaction, he also gave everyone a middle finger, a move that immediately angered the entire community.
Subsequently, Quant completed the CTO, the community took over the tokens, and Dev was out.
When Xiaohaige sold those 51.09 million tokens, his return rate reached 8457%, and these tokens are currently worth 3.35 million US dollars (of course, the market value would not have taken off if he had not sold them), and he missed out on nearly 10,000 times the return.
After tasting the sweetness, he successively issued $sorry and $lucy, replicating the previous operation and making a profit of more than 24,000 US dollars again.
The wallet address of Xiaohaige is as follows:
Fi2hrxExy6TJnKcbPtQpo6iZzX9SUVbB9mDw6d29NgCn
Whale addresses drive Quant to continue to surge
What’s more interesting is that within 7 minutes after Xiaohaige maliciously sold tokens at 11:56, five key addresses appeared in the market, which invested a total of 56,400 US dollars and recovered 4.7% of the total tokens. The operations of these addresses not only stabilized the price of the currency, but also brought the holders an amazing profit of more than 2.92 million US dollars.
According to AI Aunt’s monitoring, these addresses also occupy different positions in the top 10 holdings of the token, and are all important driving forces for the token’s surge; and the TOP1 holding address is not the behind-the-scenes pusher, as it has already rushed in during the token’s internal trading period.
At the same time, Aunt AI also listed several "righteous people" who promoted the surge:
J433tnmDFbCrXwcVcmdiFKAuSuPuB2LTMq2qcRDpSjKE
CLegS2MSiCsBksVazCg4Y7Gz3NqeBK21QyvzK4Q7S168
2EkhJvG7eunHrecNsAijNx8aGcv2Kjd3schd12Gb5tmp
2mLso48BfjuZ4beMT3cP1ZSzm4BWjadfKYhMUUeEXoeT
9HQbw76L1NumMqh7su781go3ug9w8z7poSVoVWGDLLzx
The threshold is low, the water is deep
The naughty kid sold his Rug in anger, and the community "justly" took over and pushed up the price.
This story, which happens before our eyes, has a touch of magical realism.
In this era where everyone can issue coins, not only has the market entry threshold been greatly lowered, but even minors can easily participate. However, behind this convenience, various market chaos are also exposed: from random coin issuance to malicious market crashes, from skyrocketing prices to huge losses, every link is testing the wisdom and determination of market participants.
When anyone can issue coins and form a community, how to find real value with low entry barriers is still a question that every investor needs to think about.
