Translation: A middle school aged kid made a cryptocurrency using a website called pump.fun that lets people create easily create a cryptocurrecny with a few inputs and a Solana wallet. He then pump and dumped that currency and made off with $30,000. This story caused more people try to create pump and dump coins doing more and more absurd things like stealing cars on livestream if people promised to buy their cryptocurrency.
He also then created an "im_sorry" coin on this site, and made a few grand rug-pulling that. Then a "my_dog_lucy" coin for an additional few grand, making $50k worth total.
If we have a service commoditizing fraud for middle schoolers to use, I'd say the human garbage is not the middle schoolers who push the fraud button, but those who made the button.
I don’t understand why this is fraud. People just have stupid ideas about the depth and liquidity of the “my dog Lucy” market. I think he was just selling an entertaining live stream monetized somewhat obscurely
