A 13-year-old boy got doxxed by crypto traders after pulling the rug on a pump.fun token he named Gen Z Quant. Traders doxxed his whole family and turned them into pump.fun tokens.

A 13-year-old boy has been caught in the middle of one of the most random rug-pulls the crypto community has ever witnessed. On Nov. 20, the unnamed boy launched a token on pump.fun under the ticker QUANT and watched as the price go up by 260% mere minutes after launching.

Not even an hour later, the boy dumps all his QUANT tokens, effectively pulling the rug from under traders who had bought the token minutes before. The boy made a profit of $30,000 by inflating the price and selling all his tokens.

As if that was not enough, he went online and flipped the middle finger at the traders who had been burned by QUANT’s rug-pull. He then went on to do the same thing by launching another token of the same name, which he later dumped for another $12,000 in profit.

Not long after, more experienced traders took over and brought the token’s market cap up to $70 million. The Gen Z Quant token he launched as an elaborate troll is currently trading at $0.05571 according to DEX Screener. It has soared to nearly 50% in the past six hours but is gradually going down hill by 13% in the past hour.

Although the boy has managed to turn his initial $30,000 token into a $2.4 million token, the crypto community was not going to let his misdemeanor slide.

Traders began doxxing the boy’s family and locating his school, tracking their social media accounts and complaining about the funds they lost thanks to the boy’s rug pull. Soon enough, developers began launching new pump.fun tokens named after the boy’s family members with their profile pictures revealed to accompany them.

Pump.fun tokens with the ticker QUANT DAD, QUANT SIS and QUANT MOM have already been circulating the markets, as well as tokens accompanied by a picture of the boy’s whole family and their pet dog with the ticker CABAL.

“Kid put his bloodline on the line,” one user pointed out.

Park explained on X that the exercisable risk, representing the total value of option contracts exercised or converted to actual shares, equates to less than 0.5% of IBIT’s outstanding shares. Meanwhile, the industry standard is closer to 7%, which would represent a comparative figure of 7%. To show how small the 0.5% figure is, bitcoin CME futures contracts are allowed to trade 2,000 contracts, which is the equivalent of 175,000 for IBIT.

BONK has emerged as the top gainer among the leading 100 assets following a major announcement from the South Korean crypto exchange Upbit.

Bonk (BONK), the first Solana-based meme coin, surged 18% on Wednesday to hit a new all-time high of $0.000058. Its market cap soared to over $4.1 billion when writing, flipping Dogwifhat’s (WIF) $3.2 billion market cap to reclaim its position as the largest meme coin on the Solana blockchain.

Why is BONK going up?

The altcoin’s price uptick coincided with a jump in the meme coin’s futures open interest. According to data from CoinGlass, OI for BONK’s futures market rose to an all-time high of $53.5 million, more than 7 times its monthly low of $6.3 million, suggesting a growing demand from investors.

Bonk’s recent rally followed its listing on South Korea’s largest crypto exchange, Upbit. BONK’s daily trading volume shot up 95% amid the listing, hovering over $3.5 billion when writing.

Another key factor driving the altcoin’s gains is Bonk DAO’s announcement of a massive 1 trillion token burn scheduled for Christmas Day, which is set to reduce the total number of tokens in circulation, thereby increasing scarcity.

Whales have also been interested in the meme coin lately. According to data shared by Lookonchain, a whale with a history of profitable meme coin investments has spent 3.4 million USDC to buy 65.4 billion BONK tokens. Last week, another whale was seen picking up 29.32 billion BONK at $0.0000387.

Whale buying typically boosts retail investor confidence in an asset, potentially driving FOMO (fear of missing out) among those seeking quick gains.

Bullish momentum to continue

BONK’s rally hasn’t lost strength despite surging over 72% in the past week alone. On the 1-day BONK/USDT price chart, BONK’s EMA lines show a strong bullish trend, with the short-term 50-day EMA above the long-term 200-day EMA and the price staying above both lines. 

Based on this setup, the bullish trend is expected to continue in the short term as the buyers remain in control. However, the Relative Strength Index showed a reading of 82, which confirms the bullish momentum but puts the meme coin at overbought levels.

Despite the overbought status, an analyst suggests that BONK is undergoing a ‘Blue Sky breakout,’ which could sustain its upward trajectory in the coming days. 

This speculation is supported by strong catalysts driving the uptrend and the current hype around meme coins. Separately, Bitcoin’s recent rally to new highs has amplified market-wide sentiment, further boosting interest in the meme coin sector, which gained 2.3% over the past day.