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On February 17, 2025, a programmer named "Hu LeZhi" caused a stir on the Ethereum blockchain. Through on-chain transactions, he transferred 500 ETH (approximately $1.38 million) to a black hole address for destruction, accompanied by a thought-provoking Chinese message: "Feng Xin, the CEO of Wangde Investment, and Xu Yuzi used brain-computer weapons to persecute all company employees and former employees, and they themselves are also controlled." Subsequently, Hu LeZhi also donated 100 ETH to the Ethereum Foundation and published a lengthy statement about "brain-computer weapons" and "digital slaves." He mentioned, "Currently, a new type of criminal model has emerged, where the desires and perceptual abilities of the victims are gradually deprived, and they ultimately become complete slaves of digital machines. If I become a victim in the final stage, I will choose to end my own life." Furthermore, he claimed that brain-computer chips have been widely deployed in the military field and used base stations, radios, and nano-brain-computer chips to control all citizens.
This series of extreme actions quickly triggered a market reaction. As the event unfolded, a meme coin called "HULEZHI" was born and quickly spread in the crypto community. The HULEZHI coin not only circulated on the Ethereum and Solana networks but also experienced violent price fluctuations, becoming a topic of heated discussion.
The appearance of the HULEZHI meme coin marked this event not only as an individual's extreme act but also as a cultural phenomenon in the crypto world.
The HULEZHI meme coin: The psychology behind market volatility
Hu LeZhi's actions not only attracted widespread public attention but also directly triggered significant market volatility. The HULEZHI coin on Ethereum experienced dramatic changes in market capitalization, reaching a peak of $24 million but quickly falling to $3 million within a few hours. This volatility undoubtedly reflects the high-risk nature of the crypto market and the emotional reactions of investors. Under the influence of extreme emotions, investors' short-term behavior often becomes highly unpredictable, and Hu LeZhi's actions were clearly a catalyst for this phenomenon.
At the same time, the HULEZHI coin on the Solana network was not spared. Its market capitalization reached a high of $2 million in a short period but then quickly dropped to $200,000. This violent fluctuation not only reflects the market's excessive speculation on emerging meme coins but also exposes the instability of the crypto asset market. For investors holding ETH and other cryptocurrencies, such frequent ups and downs have become the norm, with some even joking, "Ethereum pumps and then dumps, pumps and then dumps, holding ETH is really painful, no wonder that Hu LeZhi went crazy, whoever holds it will go crazy!"
Behind this volatility is not only the speculative nature of the market but also the fear and anxiety of investors in the face of uncertainty in extreme market environments. Hu LeZhi's extreme behavior may be a microcosm of this emotional reaction. Market volatility is inherently unpredictable, and Hu LeZhi's actions have pushed this to the extreme.
The future of brain-computer interfaces - Can they be weaponized?
To understand the deeper meaning behind Hu LeZhi's statements, we need to explore the technology of brain-computer interfaces (BCIs). BCIs are a technology that allows direct interaction with the brain through electrical signals. In recent years, companies like Elon Musk's Neuralink have been driving this technology, which has shown great potential in the medical field, especially in the treatment of blindness and paralysis. However, Hu LeZhi's allegations of "brain-computer weapons" seem unrealistic.
Currently, brain control technology is still limited to animal experiments. Although there has been progress in controlling mice, achieving precise control over humans still faces significant technical challenges. More importantly, the so-called "brain control" phenomenon may be a manifestation of mental health issues. Many self-proclaimed "brain control victims" are actually suffering from mental illnesses such as schizophrenia, often exhibiting symptoms of auditory hallucinations and persecutory delusions, believing that they are being monitored or controlled by external forces. On the internet, many discussion groups of these "brain control victims" are composed of these schizophrenic patients, who share their experiences and form a virtual support network.
These victims are often unable to distinguish hallucinations from reality, believing that ordinary sounds or events are signals of external control over their thoughts. Although these cases do not indicate the actual application of brain-computer interface technology, they reflect how patients with mental disorders can misunderstand technological developments in modern society and externalize their inner pain as the fantasy of being "brain-controlled."
While the potential of brain-computer interface technology cannot be ignored, "weaponizing" it is almost impossible with the current level of technology. Although the development of brain-computer interfaces may transform the medical and communication fields, the ethical and moral issues of the technology itself still require our vigilance. The current scientific and technological level has not reached the point where thoughts can be controlled through technology, so the threat of brain control remains in the realm of science fiction, and the scientific community's discussion of this risk is more of a warning than a reality.
Market turmoil and investor mentality: How to get out of the dilemma?
Recently, the violent fluctuations in Ethereum prices have caused investors' emotions to be like a roller coaster. The market's decline has put tremendous psychological pressure on many holders, and investment decisions are no longer just a game of numbers but an inner torment. Many investors have reported that the frequent price fluctuations have gradually eroded their confidence in the market, and they even begin to question whether they should continue to hold ETH. Hu LeZhi's extreme behavior may be one of the extreme reactions to this market sentiment, reflecting the anxiety and fear of investors facing an uncontrollable market environment. Investment is no longer a rational decision but a battle of emotions and psychology.
Faced with this situation, investors need to be aware that a good psychological state is crucial for investment decisions. The instability of the market is not entirely unpredictable, but it has given us a precious opportunity - to re-examine our mentality and strategies. Here are some suggestions for investors:
First, maintaining physical and mental health is crucial. Regular outdoor exercise, participation in social activities, and getting enough sleep can effectively alleviate emotional stress and help restore rational thinking.
Secondly, pay attention to your own psychological state and don't let the ups and downs of the market sway your emotions and judgment. In the turbulent market, maintaining calm and clarity is more important than ever.
Furthermore, as Soros has said, financial markets are inherently unstable. Faced with the inconstancy of the market, Soros has some suggestions about trading mentality that are particularly enlightening for crypto investors:
Recognize mistakes and make timely adjustments
Soros emphasizes, "The reason I'm so rich is that I know when I'm wrong." He believes that acknowledging one's mistakes and quickly adjusting strategies is the key to successful trading. In the crypto market, mistakes are inevitable, but each failure contains valuable experience. Learning from mistakes and making timely adjustments can continuously optimize investment decisions.
Market instability is the norm
Soros points out that market instability is a constant, and investors need to accept and adapt to this reality. In the face of market volatility, maintaining a calm and rational mindset is crucial. Overreacting to short-term fluctuations can lead to irrational decisions, while accepting the inherent uncertainty of the market can help investors navigate the ups and downs more effectively.
Soros once said: "The financial markets themselves are inherently unstable; they tend to be out of balance rather than in balance." The volatility of the market is always affecting investors, but it is this imbalance that brings opportunities. As investors, we cannot try to predict every move of the market, but we should learn to find opportunities that suit ourselves in the fluctuations.
Market prices are wrong
"Market prices are always wrong because they reflect a biased view of the future." Soros reminds us that market prices do not reflect real value, but are based on sentiment and forecasts. Therefore, do not be swayed by market sentiment, maintain independent thinking and clear judgment.
Adapt to changes, be flexible
Another core idea of Soros is: "My characteristic is that I don't have a specific investment style, or more precisely, I will try to change my style to adapt to the conditions." Faced with the complex changes in the market, the ability to flexibly adjust strategies and adapt to market fluctuations is a skill that every investor should possess.
In this uncertain market environment, investors need to cultivate resilience and adaptability. As Soros said: "The worse the situation, the less time it takes to turn it around, and the greater the benefits." When you are in a trough, stay calm, adjust quickly, and you will often get greater returns in the future. Do not let the short-term fluctuations and setbacks of the market affect your long-term goals, adjust your mindset, seize opportunities, and that is the true way to get out of the predicament.
