In a shocking and bizarre turn of events, a 13-year-old cryptocurrency developer has found himself at the center of multiple rug-pull scandals, with the latest twist being the alleged kidnapping of his dog, Bari, by an angry investor. The incident has sparked outrage within the cryptocurrency community, as well as some rather unusual demands and even the launch of a new meme coin named after the stolen dog, $BARI.
The drama began on November 20, when the young developer launched the Gen Z Quant (QUANT) token on the Pump.fun platform. The token quickly soared 260% in minutes, only for the boy to abruptly sell all his holdings, causing the price to crash and earning himself a hefty $30,000 in the process. Enraged investors accused him of orchestrating a rug pull, a scam where the creators of a cryptocurrency token cash out their holdings, leaving investors with worthless coins.
To make matters worse, the boy then created two additional tokens, LUCY and SORRY, and repeated the same scam, pocketing another $24,000. As the community’s anger grew, the boy reportedly mocked his victims online, leading to doxxing attacks that exposed his family’s personal details.
The situation took a bizarre turn when reports emerged that Bari, the boy’s beloved dog, had been kidnapped by an unnamed individual. The alleged kidnapper demanded a public apology and financial restitution from the boy, claiming that the theft of the dog was a retaliation for the rug pulls. To further escalate the situation, the individual even launched the $BARI token, using the stolen dog’s image as its mascot, with the intention of helping those who had lost money in the rug pulls to recoup their losses.
Surprisingly, the $BARI token saw a massive surge in value, climbing over 300% within hours of its launch and reaching a market cap of $800,000 before stabilizing at $309,000. Meanwhile, the QUANT token plummeted over 61%, with its market cap dropping to $19 million from its peak of $81 million.
The entire saga has left the cryptocurrency community reeling, with many questioning the ethics and maturity of such a young developer being involved in the space. The incident serves as a stark reminder of the risks and volatility associated with the cryptocurrency market, as well as the potential for unscrupulous individuals to take advantage of unsuspecting investors.