A 13-year-old developer behind the Gen Z Quant (QUANT) token had his dog kidnapped by a QUANT token holder. Outrage over the boy’s alleged rug pull schemes, whereby he duped token holders into giving their possessions to him in exchange for cash, led up to an alleged abduction.
The reports were sweeping on X (formerly Twitter), with a person claiming to have stolen the boy’s dog, sending someone’s dog, demanding an apology, and creating a new meme coin, Bari QUANT, named for the dog. The boy’s mother reportedly uploaded a purported Instagram post confirming the theft.
$quant kid rugs thousands for 30k
anon dms me said he stole quant kids dog $bari demanding refund
what part of the cycle is this? pic.twitter.com/zA8zVKr8Wx
— zak (@sticktoshiZak) November 21, 2024
QUANT Developer’s Actions Trigger Investor Backlash
The alleged kidnapper has since set up a pump.fund meme coin, using the dog as its mascot. The individual then took to the meme coin’s official X account to post that he wanted the developer to apologize and buy $5,000 in Bari QUANT publicly. The posts claimed that the dog would be ‘hostage’ for these demands to be met.
The feud goes back to Nov. 20 when the young developer QUANT launched on Pump.fun during a livestream. After the boy sold his holdings, the token’s price surged 260% before crashing, and the boy who sold the holdings pocketed $30,000. Investors were infuriated by the act described as a rug pull.
Following the same pattern, two more tokens, LUCY and SORRY, were launched, netting the boy $24,000 more, said Lookonchain. The matter escalated as the boy started mocking investors online, and some of them doxxed the boy’s family and shared their details.
But tokens themed around the boy’s family members emerged on Pump.fun, then, and those drew further backlash. The chaos saw Bari QUANT go from a 300% price surge hours after its launch to a market cap above $800,000 to $309,000. QUANT plunged more than 61 percent in the past 24 hours to under $19 million from a peak of about $81 million.
The incident again underscores some ongoing tensions within the crypto space where rogue developers and often equally disgruntled investors clash in unsavory, often highly publicized ways.
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