Have you ever thought about how a seemingly innocent child could stir up a storm in the cryptocurrency market? Recently, an investor named 'Kid Brother' went viral under the guidance of his mentor by live-streaming his cryptocurrency scam, unexpectedly becoming the new top influencer!
Imagine when 'Kid Brother' earned $30,000 from the tokens issued through pump.fun, he excitedly drooled during the live stream, and besides 'yooo' and 'wtf', he could hardly say anything else to express his joy of reaping the rewards. However, this was just the beginning. Shortly after launching the token named $QUANT during the live stream, 'Evil Kid Brother' suddenly hit the sell button and pulled a 'rug pull', leaving the astonished traders behind.
Interestingly, he even gave the camera the middle finger during the live stream, fully mocking the situation. This scene was like telling the whole world: 'Look, I casually took away about 128 $SOL (around $30,000)!'
However, 'Kid Brother' is still too young. He thought he had earned enough, but unexpectedly, his 'rug pull' action brought even more liquidity to the QUANT token. As a result, the QUANT token started to soar, with its market value even exceeding $100 million at its peak! In other words, the portion of tokens originally held by 'Kid Brother' was worth over $5 million at its highest point!
This is simply a farce! But behind this farce lies the greed and ignorance of the cryptocurrency market. Traders are drawn to 'Kid Brother's' scam, flocking into the market hoping to get a piece of the meme coin craze. However, they forget the risks and uncertainties of the market.
As the well-known opinion leader Kermit warned: 'You are not among the 0.5% who can emerge as winners from the meme coin craze. Most of us will suffer losses exceeding our gains.' Traders try to outsmart each other in the player-versus-player predatory game but often become the liquidity for others exiting the market.
This inevitably raises the question: When will the greedy meme coin market calm down? Perhaps it will only happen when traders truly recognize the risks and uncertainties of the market to avoid becoming the next victim of 'Kid Brother'.
In this tempting and risky market, we should always maintain a clear mind and rational judgment. Don't let temporary greed blind your eyes, and don't easily trust others' scams. Only in this way can we steadily move forward in the cryptocurrency market and earn our own wealth and respect.
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The above content is for informational sharing only and does not constitute any investment advice! Investing carries risks; enter the market with caution!
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