A schoolboy who decided to become a crypto investor at the age of 12 developed his own cryptocurrency QUANT and managed to attract the attention of the community. Investors who supported his token watched the price grow, but the young creator decided to deceive everyone by selling all his coins at the peak of their value. As a result, he earned almost $30 thousand, but missed the chance to earn millions.
When the boy sold his tokens, the value of QUANT instantly collapsed, but investors did not give up and decided to invest even more money in the coin to bring it back to life. And, to their surprise, the capitalization of QUANT actually began to grow. As a result, it soared from $4 million to $85 million, and the creator could have earned $1.5 million if he had been more patient.
Investors didn't just try to "punish" the 12-year-old scammer by capitalizing on his own project. They also got to his parents, telling them about his actions on social media. However, the future of the little cryptocurrency creator remains unknown.
Now the value of QUANT is falling again, having lost more than half of its value and dropped to $28.4 million. But interest in it remains high, which is supported by the trading volume, which amounted to $317.5 million. Perhaps in the future, this cryptocurrency will be able to return to its former success.
Young age was not an obstacle to creating a cryptocurrency, but the lack of experience played a cruel joke. It will be interesting to watch the further steps of the young entrepreneur and the development of the QUANT project.
Source
When the boy sold his tokens, the value of QUANT instantly collapsed, but investors did not give up and decided to invest even more money in the coin to bring it back to life. And, to their surprise, the capitalization of QUANT actually began to grow. As a result, it soared from $4 million to $85 million, and the creator could have earned $1.5 million if he had been more patient.
Investors didn't just try to "punish" the 12-year-old scammer by capitalizing on his own project. They also got to his parents, telling them about his actions on social media. However, the future of the little cryptocurrency creator remains unknown.
Now the value of QUANT is falling again, having lost more than half of its value and dropped to $28.4 million. But interest in it remains high, which is supported by the trading volume, which amounted to $317.5 million. Perhaps in the future, this cryptocurrency will be able to return to its former success.
Young age was not an obstacle to creating a cryptocurrency, but the lack of experience played a cruel joke. It will be interesting to watch the further steps of the young entrepreneur and the development of the QUANT project.
Source
