This story begins with a small child who succeeded in shaking up the crypto world by selling tokens on a large scale via live streaming. He created a meme token called Qu-ant through the Pump Fun platform on the Solana network. Not long after the token launched, he sold all 51 million of his QUA-NT tokens for 128 SOL or $30,000, making a profit of $29,600.
The action was carried out with full confidence. While live streaming, he showed two middle fingers to the audience as a "celebration" of his success. However, after this selling action, the price actually showed a surprising movement.
Instead of collapsing, the price chart showed a significant spike until it touched a high of $0.0013 before correcting again.
The token price continued to soar, even hitting an ATH of $0.107 a few hours after the massive sell-off. The kid's decision to sell too quickly actually cost him a big opportunity. If he holds his tokens to ATH, his 51 million could be worth up to $6 million 200 times his initial yield.
As if he wasn't satisfied with his action, this child created two new tokens called $Lucy and $Sorry. $Lucy was named after her pet dog, while $Sorry was created as an “apology” to investors. However, these two tokens ended up being the same as QU-ANT which was sold massively by its creators for personal profit.
However, this action also carries serious consequences. The aggrieved investors began to trace the child's identity. They managed to find his mother's Instagram account, the school where he studied, and his personal details. This incident is proof that anonymity in the crypto world cannot always be relied on. #CryptoExplorerFiesta #BecomeCreator
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