While researching crypto I came across this interesting story.

In one of the most chaotic scams in cryptocurrency history, a 13-year-old boy, known as $Kid, managed to pull a “rug pull” on not one meme coin, but three in a row, making thousands of dollars.

The beginning of the story: the launch of "Gen Z Quant"

On November 20, 2024, $Kid launched his first cryptocurrency, “Gen Z Quant,” live on TikTok, promoting it in a bold style that made him the talk of the crypto community. The coin’s price quickly skyrocketed, before he suddenly sold off his holdings, causing it to crash.

He did not stop there, but launched two additional coins, “I’m Sorry” and “Lucy”, and repeated the same scenario, as investors pumped their money into them, only to find themselves in the end facing huge losses.

Scam or digital genius?

While some see $Kid as just a young scammer who exploited market loopholes, others see him as the embodiment of a new generation of digital entrepreneurs who understand the rules of the financial game in unconventional ways. But amid the controversy, larger questions have emerged about the lack of regulation in the crypto world, and how a teenager could so easily manipulate the market.

Reactions: From Anger to Revenge

In the following days, $Kid faced a massive wave of online attacks, as his personal information was leaked, raising concerns about his safety and digital security. However, authorities were unable to take legal action against him, due to his young age and legal loopholes in cryptocurrency regulation.

What does this incident reflect about the future of crypto?

This story opens the door to fundamental questions:

Has it become that easy to manipulate the market, even for teenagers?

Are we living in a new era of finance where there are no limits to who can control the markets?

Is this just an exception, or are we heading towards a more chaotic future for crypto?

Whether you see him as a clever con artist or just a lucky kid, this story reveals how vulnerable digital markets are to the influence of individuals via social media.