QUANT kid’s dog stolen as kidnapper demands apology and launches new meme coin

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As a seasoned analyst with over two decades of experience in the ever-evolving world of cryptocurrencies, I find myself both intrigued and dismayed by this peculiar turn of events involving the young QUANT developer and his meme coin counterpart, BARI.

A QUANT holder who got “rugged” after the token’s 13-year-old developer sold his holdings retaliated by allegedly kidnapping the boy’s dog and launching a meme coin called Bari QUANT named after it.

The first whispers about a dog’s abduction began spreading online on platform X, as multiple users alleged that an unknown person confessed to taking the pet, insisting on a “return of investment,” and referring to the BARI digital currency.

Also, a screenshot indicated that the boy’s mother posted on Instagram, confirming that the dog was indeed stolen.

1 way:

— zak (@sticktoshiZak) November 21, 2024

Shortly following this, the person established a X account specifically for Pump.fun’s newly introduced BARI token, which features a dog as its symbol.

Via this account’s posts, one person repeatedly insisted that the QUANT developer issue a public apology over the incident involving the rug-pull. He declared he had located the dog he used to care for, and threatened to keep it captive until the individual responsible for the rug-pull apologizes and fulfills his financial requests.

Regarding my requirements concerning Bari and the project’s objective, I want everyone who lost to return, I insist that Quant Kid purchases $5k worth of Bari and records a sincere apology video for pulling the rug if Bari doesn’t stay with me instead.

Additionally, the person mentioned that they reside on the same street as the 13-year-old programmer and suggested having a direct tie to the circumstances, expressing knowledge of the boy’s cousin, who allegedly contributed to the QUANT project.

News about the incident spread quickly on platform X, causing the price of BARI to skyrocket by more than 300% within just three hours after its debut, according to Dex Screener’s data. At one point, its market cap reached over $800,000, but at the time of reporting, it had dropped down to over $309,000.

Despite a drop of approximately 61% within the last 24 hours, QUANT currently holds a market value exceeding $19 million. Previously, this popular meme coin had a market capitalization surpassing $81 million at its highest point.

Looking back to November 20th, I found myself right in the midst of an unforgettable event – the Gen Z Quant (QUANT) token launch on pump.fun, live-streamed for all to see. In a blink of an eye, the token’s value soared more than 260%! However, the euphoria was short-lived as the young creator, in a split second decision, offloaded his entire stash, which plummeted the price drastically.

The move earned him $30,000 in profit but also sparked outrage among those who had bought into the token.

In a bold move, the boy used two more items labeled LUCY and SORRY, just to pull another fast one, making an extra $24,000, as reported by Lookonchain. This repeated trickery enraged the community even more, with traders claiming that the boy was taking advantage of the platform for his own profit.

I found myself disheartened when a boy publicly ridiculed the very investors who were already grappling with the volatile crypto market. This reckless behavior escalated, prompting some traders to take extreme measures like exposing his family’s sensitive information, revealing personal details such as their addresses and social media accounts.

After that, additional Pump.fun tokens featuring the boy’s family members, complete with their respective profile images, were introduced.

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2024-11-21 14:30