WHY IS CRYPTO TWITTER SO MAD AT THIS 12-YEAR-OLD? đ€Ź
Imagine winning the Super Bowl and then flipping off the other team during the handshake. Thatâs the energy people are channeling toward this 12-year-old crypto "entrepreneur." Hereâs what happenedâand why the internet is losing it over him.
The $QUANT Memecoin Saga
Our pint-sized protagonist pulled off a classic memecoin play:
Launch $QUANT: He created a token and snagged a significant portion of the initial supply at rock-bottom prices.
Pump the Hype: $QUANT gained traction as its price rose, drawing in eager traders.
Dump the Tokens: He offloaded 51M $QUANT tokens, tanking the price and pocketing $30K.
Harsh Reality:
This is cryptoâpump-and-dumps happen all the time. Painful? Yes. But this kind of "buy low, sell high" move is nothing new.
Why Is Everyone So Mad?
Hereâs where things went off the rails:
Livestreaming the Rug: He broadcasted himself dumping the tokens in real time. Not just shadyâdownright audacious.
Mocking Traders: While livestreaming, he made smug comments as the price plummeted. This earned him major bad-sport energy.
Rinse and Repeat: He followed up by launching two more memecoins, $SORRY and $LUCY, which were also pump-and-dumps.
At this point, youâd think traders would learn not to trust him. Instead, they bought in again.
The Real Kicker: Karma Strikes Back
Hereâs where the story gets wild. Those 51M $QUANT tokens he sold for $30K? They skyrocketed in value after he dumped them, and by 3 a.m. ET, they were worth a staggering $4 million.
Ouch.
The Lesson Here
Donât get mad; get smart.
Avoid Emotional Trades: FOMO is real, but donât trust hype blindlyâespecially when itâs tied to an unproven project or person.
Scale Out Gradually: Take profits incrementally to maintain exposure to future price increases.
DYOR (Do Your Own Research): A 12-year-old livestreaming a memecoin pump-and-dump isnât exactly a sign of a sustainable investment.
Final Thought
If anything, this story is a reminder that crypto is a high-risk, high-reward spaceâand sometimes, the house wins. Or in this case, a 12-year-old.
đŹ What do you think: Is this kid a crypto prodigy, or just a bad sport? Let me know in the comments!
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