A Kid Made $50,000 Dumping Crypto He'd Created. Then Came the Backlash
Briefly

"It was just another evening, and then I overheard my son mentioning a cryptocurrency he created. At first, I didn’t believe him, but soon everything changed. My phone was ringing nonstop with angry messages, prompting me to look deeper into the situation. My son had launched Gen Z Quant, and in a matter of minutes, he made a significant amount of money from it. It was overwhelming to witness the chaos that unfolded in just a short time."
"What struck me was how quickly he managed to sell off his tokens. Within eight minutes of launching Gen Z Quant, he cashed in nearly $30,000. This rapid rise and fall of value aren’t uncommon in the memecoin space, where speculation drives prices up and down dramatically. After he sold, the coin's price dropped significantly due to the sheer volume of his transaction, leaving many investors feeling swindled and angry."
Read at WIRED
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