Coinspeaker
Quant Meme Coin Trader Makes Nearly $1 Million despite Rug Pull Activity
Amid the current crypto market frenzy, a crypto trader made massive gains of close to $1 million by trading the Solana-based scam meme coin Quant , which turned out to be a rug pull.
As a result, the trader made a staggering 2,100x return within just three hours of trading this meme coin. As per the blockchain intelligence platform Lookonchain, the trader made an initial investment of just 2 SOL tokens, worth around $460. It mentioned:
“This guy made $988K with only 2 $SOL($462) in just 3 hours, a 2,141x return! He spent 2 $SOL($462) to buy 18.89M $Quant and sold 3.71M $Quant for 116 $SOL($27K), leaving 15.18M $Quant($962K).”
The Quant (QUANT) meme coin was created over the popular Solana meme coin launchpad Pump.fun. However, it later turned into a fraudulent cryptocurrency later on due to the rug pull activities.
Despite their reputation for extreme volatility and limited fundament
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