this post was submitted on 07 Dec 2024
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297
Teen creates memecoin, dumps it, earns $50,000 (arstechnica.com)
submitted 2 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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[–] shoulderoforion@fedia.io 48 points 2 weeks ago

enough people automatically buy into every coin created, a couple bucks here, a couple bucks there, hoping one will take off, that's where this 50k bump earnings, and the millions in valuation comes from. kid invested $300 buying a stake in his own coin, he could've lost it. he didn't.