Teenage Scammers Are Launching Meme Coins

Crypto’s meme coin mania has inspired even teenagers to jump in – sometimes with big, fast paydays. But when kids create coins like these, the results often end in shameful scams.

Gen Z Quant ($QUANT) – The 13‑Year‑Old Rug-Pull

A teenage streamer (known as “$Kid”) launched Gen Z Quant on Solana via Pump.fun, hyped it live – and cashed out roughly $30–50 k before the token collapsed. The online reaction was swift: backlash, threats, even doxing of the teen and his family.

“A Kid Made $50k Dumping Crypto"

On November 19, a Californian teen issued 1 billion Gen Z Quant tokens, bought himself 51 million, and sold when the value spiked – netting over $50 k in one evening. The incident sparked calls for tighter regulation around meme‑coin launches wired.com.

These stories aren’t just funny – they highlight real danger. When children enter crypto with zero oversight:

• Rug-pulls happen fast
• Investors are left empty-handed
• Families get harassed online

What users must know:

• Check credentials: Who created the coin? Legit project or joke?
• Research thoroughly: Scam signals like instant dumps or flashy influencer hype?
• Use trusted platforms: To avoid shady tokens and ensure legal direction.

AEXchanger supports secure trading of real, reputable tokens — no shady meme-coin launches, no frozen funds, just fast SEPA and SEPA Instant transfers, plus clean OTC swaps.  aexchanger.com