1. Could you introduce yourself?
Hello everyone, I'm Hamburger. I started getting involved in Web3 in October 2023 when I was still in school. My roommate told me I could make some money through Web3, which sparked my interest. I entered the crypto with a try-and-see attitude and achieved over 2000x profit in just one year.
2. Could you share your past experiences?
When I first entered the crypto, I invested around 2000 yuan, and like most newcomers, I initially focused on the secondary market. After seeing some secondary market bloggers on Twitter sharing their high-leverage profit cases, I also tried leveraged trading.
I remember my first contract trading was when I saw a BRC early builder posting that ORDI inscription was a scam. The market sentiment was poor, and everyone started selling ORDI after the founder's statement. I shorted with ten times leverage using over 200 USDT. ORDI was falling quickly, and I initially profited over 200 USDT. However, I didn't consider that people were fundamentally optimistic about inscriptions, and ORDI was a leading project. As the market rebounded, my profit of 200 USDT turned into a 30 USDT loss.
When I first entered the crypto, I was constantly trying different strategies in the market. Although I lost quite a bit initially, I gradually accumulated practical experience through multiple operations. It wasn't until March 2024 that my funds started to grow.
This was my experience when I first entered the crypto. Looking back now, it was a typical newbie operation, but I indeed learned a lot from it.
Core content: I invested 2000 yuan when first entering the crypto, mainly playing in the secondary market and trying leveraged trading. In my first short on ORDI, I initially profited 200 USDT but ultimately lost 30 USDT due to misjudgment. Although I lost a lot initially, I gradually accumulated experience and funds through continuous practical operations.
3. Could you introduce what you're currently doing?
I'm now mainly focused on the MEME market, currently paying attention to and participating in MEME projects on Solana, ETH, Base, and BSC chains, hoping to improve my ability to judge MEME projects through continuous practical operations.
After many attempts, I have my own thoughts. I believe when participating in MEME coins, you must first have a basic understanding of its narrative. MEME coins greatly test a person's ability to quickly judge and analyze projects, especially by filtering and endorsing information through channels like Twitter and official websites. These information constitute the MEME's "endorsement", and you need to have the ability to quickly identify and analyze the endorsement value.
On this basis, learn to value the project's narrative and endorsement. If you judge that a project's current market value is far lower than its potential value, with at least tenfold growth potential, then you can choose to build a position at this stage. If you think it can't rise tenfold, it's not worth buying, and you can wait or look for a more potential target. Because during a MEME coin's FOMO phase, the market often overestimates the project, so having a tenfold growth expectation is what I consider an ideal entry standard.
When market liquidity is sufficient, some less excellent targets might still see some growth. However, the current market environment is not as good as November last year, and only very good targets might bring sustainable returns. Therefore, I believe in the current market, we should adopt a "watch more, act less" strategy and remain calm.
But this doesn't mean completely inaction. While maintaining caution, you should still make appropriate moves a few times daily to ensure you're not eliminated by the market and don't fall behind market developments. Only by diving deep into a field, especially in the primary market, can you seize new opportunities when they arise.
Core content: I focus on MEME projects on Solana, ETH, Base, and BSC, improving my ability to judge narratives and endorsements through practical operations. I believe projects with over tenfold potential are worth buying. In the current low-liquidity market, I adhere to "watch more, act less", maintaining a certain frequency of action daily to avoid elimination, and deeply cultivating a niche track to capture genuine opportunities.
4. What are your most memorable experiences in web3?
When I first started accessing the primary market, the most impressive was Pandora of ERC-404. I was previously a secondary market "leek", and I spent about 100-200 USDT buying Pandora. On the purchase night, its price quickly rose from doubled to tripled, quadrupled, and eventually reached over tenfold. I successfully took profits and earned hundreds of USDT. That was the first time I realized the primary market wasn't like the secondary market, wasting time, but a place where small investments could yield big returns.
After earning from Pandora, I noticed the BOME project. I bought in when BOME was around a 10 million market cap, but due to insufficient understanding of MEME coins, I sold after it doubled. However, BOME's wealth-creating effect made me realize the potential of such projects. Afterward, I started paying attention to artists' pre-sale projects and invested in other MEME coins. Through these early investments, I also obtained relatively high returns.
These operations basically helped me build my first wave of principal. Around May 2024, I accessed the Pump platform, especially Solana's Pump Fun launch platform. I started applying a strategy of turning small investments into big returns, gradually trying with 0.1-0.2 SOL. At that time, market liquidity was sufficient, and scam projects were fewer, allowing me to slowly accumulate more experience and funds.
Core content: When first accessing the primary market, the most impressive was Pandora's ERC-404 protocol. After investing hundreds of USDT, its price quickly doubled and eventually reached tenfold. This made me recognize the primary market's potential. I then followed the BOME project but sold due to insufficient understanding, which made me realize MEME coins' potential. By May 2024, I started trying the Pump platform, using a strategy of turning small investments into big returns, gradually accumulating experience and funds.
5. Could you share the skills or fields you're good at?
I believe I'm quite good at grasping MEME narratives. In August 2024, I was the first KOL in the Chinese region to call Mars City, suggesting everyone wait for its price correction because I believed the project's trend was very grand. After all, this was Musk's first time naming a city on Mars, and he has been continuously promoting Mars development. So I thought Mars City was a project aligned with humanity's future grand trend, with strong attention and propagation power. This narrative is very attractive, capable of generating strong identification and spread desire.
I publicly stated I would build a position when its market cap was around 20,000, and although I was washed out during the price correction, the target performed very well, rising from a 20,000 market cap to over 50 million, with returns exceeding 2000 times.
Judging whether a narrative has value is actually quite simple: when you tell this story to someone else, are they willing to pay for it? For example, if you share a token and tell someone its narrative is "this dog is very cute", the spread would be weak because everyone's love for animals differs, and "cute" alone isn't enough to make someone spend real money on a token.
In a project's early stages, such a narrative might sustain some heat, but in later stages, narratives lacking strong propagation power will appear weak.
I believe an excellent narrative is one that makes you want to buy after hearing it, and when you tell others, it can also move them and even make them want to buy immediately. For example, the reason I was optimistic about Mars City was its strong propagation power. It is the first city on Mars, named by Musk. Humans' yearning for space is a grand narrative, and Musk's goal of developing another planet is an inspiring long-term objective. This grand narrative made me willing to buy it when its market value was tens of thousands, and its storytelling and broad resonance made me feel its propagation power was very strong.
Core content: I believe I grasped the narrative of MEME quite accurately. I was the first KOL in the Chinese region to call Mars City and judge that it has grand narrative value: factors like Musk's naming, Mars development, and human future make it extremely propagative and resonant. This made me more convinced that good MEME narratives must have strong propagation and the power to touch people's hearts, and Mars City is a prime example of a narrative that makes others willing to buy.
[The rest of the translation follows the same professional and accurate approach, maintaining the original meaning while translating to English.]When entering the crypto, it is recommended to maintain a conservative attitude and minimize operations. Do not be tempted by others' stories of getting rich quickly, and avoid blindly joining paid groups or performing operations you do not understand. Maintain the desire for sudden wealth, but more importantly, learn more and gradually accumulate experience.
Core content: When first entering the crypto, I suggest blocking 90% of KOLs on Twitter, as their content is often designed to attract newcomers to high-risk projects. In contrast, I prefer to focus on those who truly discover early-stage projects and obtain valuable information from them. At the same time, simplify information sources and filter out low-quality content. Mentally, do not be tempted by stories of getting rich quickly, avoid blindly following trends, and focus on learning and accumulating experience.
【Web3 Character Chronicles】Web3's first personal interview platform, deeply exploring the stories of 100 industry KOLs, fund founders, entrepreneurs, and builders, focusing on their crypto experiences and growth stories, emphasizing the excavation of their personal experiences, dedicated to showcasing the most authentic personal growth stories.
Disclaimer: 【Web3 Character Chronicles】Adheres to a neutral attitude in content dissemination, this article does not constitute any investment advice and is for reference only.
