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Teen creates memecoin, dumps it, earns $50,000 (arstechnica.com)

submitted 3 weeks ago by shoulderoforion@fedia.io to c/technology@lemmy.world

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Unsurprisingly, he and his family were doxed by angry traders.

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[–] andrewrgross@slrpnk.net 29 points 3 weeks ago (1 children)

Yeah. Everyone who got mad at him is basically like, 'Hey! Fuck you, asshole, for selling before I got a chance to sell! I wanted to do that, but you did it before I could do it! No fair!'

Also: the coins are now with far more than when he sold. So strangely, the folks who got rug pulled ended up with an actually valuable coin and an opportunity to sell at a high price. Which makes zero sense to me. But they apparently have no reason to complain. It worked out great for everyone, somehow.

Very stupid.

[–] lennivelkant@discuss.tchncs.de 18 points 3 weeks ago

Idiots participate in Bigger Idiot scheme, upset to find out they're the Bigger Idiot.