Quant (QUANT) is one of the latest meme tokens to go through an unusual pump. QUANT was just one of the regular Pump.fun tokens, with a twist – it was launched by a Gen Z kid, who sold a bit too soon.
Quant (QUANT) is one of the pumping tokens on Raydium, which may be going through a revenge rally. The token launched after a Gen Z kid, aged 13, started launching tokens with a live stream.
QUANT took off fast enough that the creator earned around $30K after rugging the token soon after the launch. This made traders mad, caused them to dox the child and even his entire family, and then pump QUANT in revenge. The same tokens that the Gen Z creator sold are now valued at $56M.
QUANT was the creation of a GenZ trader, who rug pulled at a regrettably low price. | Source: Dexscreener
At its peak, the token was valued as high as $80M, though later it crashed toward $30M. However, even the token made as a joke and a quick rug pull meant traders were ready to lock in $1.5M in liquidity.
The subsequent pump was the punishment for the kid rug-pulling the token in the middle of a livestream. In the end, the attempt at punishment meant QUANT turned into a trading hotspot, and possibly turned into a more lasting meme, tied to an interesting story. The token is not immune to new pumps and selling pressure.
QUANT was not the only asset launched today – the same creator streamed two more tokens, also rugging them at a relatively low valuation. One was a token named after the 13-year-old’s dog. Lucy (LUCY) is now a token with a valuation of $331K, and around 105K in liquidity.
Perhaps the cheekiest attempt was the SORRY token, from which the creator rug-pulled around $13K. The creator of the tokens managed the feat of differentiating his assets from all the new Pump.fun launches.
In the past day, Pump.fun broke above 51K new tokens in a day, most of which remained entirely unknown. QUANT, SORRY and LUCY were just three out of more than 46K tokens that launched on the same day.
Quant was also not the first Pump.fun rodeo for the creator. Previously, the KID token launched back in September, with almost no price action and a small rug pull. Crypto traders on social media also discovered KID and pumped the asset to a 100X peak. The token dumped again, as early holders saw an opportunity to cash out. In the end, the Gen Z token was the least of the problems, while revenge-traders went through the biggest crashes as other wallets cashed out.
QUANT was not the end of Gen Z tokens
The cheeky rug pull really enraged the crypto community, who went on to dox the Gen Z developer’s entire family. The token is community-owned, and the QUANT creator may be sorry not to be involved.
Pump.fun was used to create tokens around the entire ‘Quant family’ – Quant Dad, Quant Mom, Quant Sis, along with Gen Z Quant and The Cabal, a token dedicated to the whole family.
The Quant trend also did a crossover with the Chill family of memes, creating ChillQuant, one of the trending tokens for November 20.
The meme token market has now gone beyond tokenizing well-established memes or older Internet content. Any Internet stunt can turn into a meme and stick around, if the community decides to assign it liquidity.
All of the Quant-related tokens can theoretically exist forever and continue trading, if someone decides to give them liquidity. However, without marketing, the hype may die down quickly. Tokens can easily expand and rally, but may slide just as easily.
For QUANT, the real rug pull actually came later, when some sellers managed to cash out more than 10 times what the creator pulled out of the market.
Bubblemaps also noted that a new cluster of wallets immediately grabbed QUANT tokens, then sold them at a much higher profit. The token cluster bought immediately after the launch, suggesting automated sniping of new assets. The wallet cluster then realized $1M in profits, surpassing previous traders and the token’s creator.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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