From 1.5 SOL to selling for 3 million USD, there is a "troublesome kid" Dev behind the surge of Quant
The mischievous child angrily sold the rug, and the community's "justice" took over to push the price up.Author: Ai Yi
Today's on-chain hot topic is a meme coin called Quant, which has skyrocketed to a market cap of 60 million USD.
Beyond the surge, the highlight comes from the fact that the developer behind this coin is just a minor kid.
In the wave of simple token issuance models like Pumpfun, creating a meme coin has become increasingly easy, and the antics that stir people's emotions have become more outrageous:
A kid created a meme, then sold over 3 million USD worth of tokens; subsequently, he replicated the process by issuing two more coins to continue profiting… Humorously speaking, haven't we already achieved Mass Adoption? Even kids can come in and issue coins now.
The well-known on-chain data analyst Ai Yi has compiled a complete timeline and the data behind the kid's coin issuance. We have organized the information from the original post as follows.
Issuing Quant, Selling for 3.35 Million
The story of this kid trader began when he issued a memecoin called "Quant." With an investment of only 1.5 SOL, he acquired 51.09 million tokens, accounting for 5.11% of the total supply. The subsequent developments were astonishing: after the token price started to rise, he chose to sell all his holdings at once, earning 128 SOL (approximately 30,000 USD). More dramatically, after completing the transaction, he gave everyone the middle finger, an act that immediately infuriated the entire community.
Subsequently, Quant completed a CTO, the community took over the token, and the developer exited.
When the kid sold those 51.09 million tokens, the return rate reached 8457%, and this portion of tokens is now worth 3.35 million USD (of course, if he hadn't sold, the market cap wouldn't have skyrocketed), missing out on nearly ten thousand times the return.
After tasting success, he continued to issue $sorry and $lucy, replicating his previous operations and once again profiting over 24,000 USD.
The kid's wallet address is as follows:
Fi2hrxExy6TJnKcbPtQpo6iZzX9SUVbB9mDw6d29NgCn
Whale Addresses Propel Quant's Continued Surge
Interestingly, within 7 minutes after the kid maliciously sold the tokens at 11:56, five key addresses appeared in the market, collectively investing 56,400 USD and reclaiming 4.7% of the total tokens. The actions of these addresses not only stabilized the token price but also brought over 2.92 million USD in astonishing profits to the holders.
According to monitoring by Ai Yi, these addresses occupy different ranks among the top 10 holders of the token, all being significant driving forces behind the token's surge; however, the top holder was not the mastermind, as they had already entered during the token's internal trading period.
At the same time, Ai Yi also listed several "just" individuals who propelled the surge:
J433tnmDFbCrXwcVcmdiFKAuSuPuB2LTMq2qcRDpSjKE
CLegS2MSiCsBksVazCg4Y7Gz3NqeBK21QyvzK4Q7S168
2EkhJvG7eunHrecNsAijNx8aGcv2Kjd3schd12Gb5tmp
2mLso48BfjuZ4beMT3cP1ZSzm4BWjadfKYhMUUeEXoeT
9HQbw76L1NumMqh7su781go3ug9w8z7poSVoVWGDLLzx
Low Threshold, Deep Waters
The kid angrily sold off the rug, and the community's "justice" took over to push the price up.
This story unfolding before our eyes has a touch of magical realism.
In this era where anyone can issue a coin, not only has the market entry threshold been significantly lowered, but even minors can easily participate. However, behind this convenience lies various market chaos: from casually issuing coins to malicious dumping, from skyrocketing prices to huge missed opportunities, every link is testing the wisdom and composure of market participants.
When anyone can issue coins and anyone can form a community, how to find true value in a low-entry environment remains a question every investor needs to ponder.
