This story involves a 13-year-old streamer known online as $Kid. He created a meme coin called "Quant" ($QUANT) and promoted it during a live stream. The coin's value skyrocketed, reaching a market cap of $35 million before collapsing.
During the livestream, $Kid sold off his holdings, making $30,000, and then gave the middle finger to his viewers before ending the stream. This move drew both laughter and anger from the crypto community, as pump-and-dump schemes are considered fraudulent.
The incident has sparked discussions about the ethics of such schemes and the involvement of young influencers in the cryptocurrency world. It's a fascinating example of how digital finance and social media can intersect in unexpected ways!
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