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Descriptions:
In November 2024, a teenager created the Gen Z Quant (QUANT) token on the Solana-based platform Pump.fun. During a live stream, he sold all 51 million of his QUANT tokens for 128 Solana (approximately $30,000), a move known as a “rug pull,” where developers abandon a project after inflating its value, leaving investors with worthless assets.
