2023 Collection of Anxious Moments: A hundred times a thousand times everywhere, you must be free, right?

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Facing the story of sudden wealth, today, let us work together to maximize anxiety!

Written by: Frank, Foresight News

"Sudden wealth" has always been one of the strange yet familiar words in the encryption industry.

What is strange is that many friends who have been in the industry for many years have been attacking with this goal, but so far they have not been able to touch half of it; what is familiar is that in every wave of encrypted narratives, there are uninterrupted "stories of getting rich" appearing in the field of vision. , repeatedly tingling everyone's nerves.

Now that 2023 is coming to an end, this article from Foresight News has also specially captured the "enviable" stories of getting rich that have been widely circulated this year (by default, there are pictures and truth), so that we can all feel full of anxiety together.

The cliché of making money through airdrops

Since the launch of UNI in 2020, token airdrops of crypto projects have been the main distribution center for the “myth of instant wealth” in the crypto industry.

This year’s large-amount token airdrops still brought surprises to many users, especially after the beginning of the year, BLUR and ARB once ignited the airdrop craze.

In February this year, Blur airdropped a total of 360 million BLUR tokens to more than 62,000 addresses that met its airdrop conditions. Among them, the single address that received the most received 3.2 million BLUR tokens. Based on today’s market price, it is about 160 million BLUR tokens. Ten thousand US dollars, equivalent to 10 million yuan.

At the same time, the number of claimants for the second and third airdrops was 2.97 million BLUR and 2.5 million BLUR respectively. Trading activities showed that the top three wallet trading activities all included repeated purchases and sales of large amounts of the same NFT. , indicating that there may be wash trades or negotiated operations.

Although the subsequent ARB, TIA, and JTO airdrops have limited wealth-making effects from a single address, there are also stories of getting rich through multi-address airdrops, so I won’t go into details here.

The miracle of wealth creation with the inscription "Troika"

ORDI: from 350 yuan to 14 million yuan

As one of the leaders in the inscription circuit, when ORDI was first minted in the first half of the year, few people paid attention to it, so much so that no one paid any attention to the dozens of transfers in the WeChat group.

Among them was one lucky person, "Foxconn Screw Drilling" saved money and spent 350 yuan to make 30 ORDIs (that is, 30,000 ORDIs), and finally succeeded in turning it into 14 million yuan.

If the lucky one has not been sold, the maximum value of 30,000 ORDIs is 2.46 million US dollars, nearly 17.5 million yuan.

SATS: Three months, gain 170 times

According to Twitter user Minus Erdu, the SATS he personally bought for 0.6 BTC in October increased more than 20 times in 2 months, reaching 13 BTC.

In addition, some community partners successively bought 300 billion SATS from August to September, with the highest gain exceeding 170 times .

RATS: half a month, 5,000 yuan to 1 million yuan

RATS, also as an inscription, also created the myth of benefit from 5,000 yuan to 1 million yuan in half a month.

In addition, the Web3 world is a paradise for technical talents and hackers, so in addition to directly participating in making inscriptions, people who sell shovels and water are often the winners in the gold rush:

A programmer spent a week developing a tool to help the community make inscriptions. A total of 20% of SATS were made. The current market value of the corresponding SATS exceeds 200 million US dollars.

God of new mining coins

PoW is the oldest narrative in the crypto industry. Almost every year, there is a myth of the rise of PoW mining coins. This year’s new generation of PoW mining coins god is undoubtedly Kaspa (KAS).

College students’ first 100 times vs. 2 million

In August, the story of a college student who earned his first 100x coins by saving money and All In KAS went viral on the Internet.

Among them, this classmate who is still in college "All In all his living expenses and New Year's money of 19,800" on KAS, and even "snapped his classmates' money" for a time. In the end, he finally got through and gained his first 100 times and 200 times in life. Ten thousand.

At present, if this classmate continues to hold it until now, he may have gained his first 250 times and 5 million in life:

In August, the market price of KAS was still around US$0.04, and then it continued to rise. On November 17, Binance also launched U-based contracts. As of the time of publication, KAS was stable above US$0.1 . Based on this calculation, this classmate’s 19,800 yuan has already doubled. At least 250 times, reaching 5 million yuan .

Looking back now, the rise in the currency price of KAS can be traced back to the launch of TxBit at the end of May 2022. At that time, the price of KAS was as low as $0.0002. In September of the same year, KAS was listed on MEXC, and the price soon soared to $0.008.

Since this year, KAS has soared 20 times a year from 0.005 US dollars, and its market value has moved towards the level of 1 billion US dollars. It has driven a series of PoW mining coins and even the craze of small mining currency exchanges, becoming the well-deserved god of the new generation of mining coins. .

meme orgy

Compared to airdrops, inscriptions and even mining coins, which can turn into gold after a hundred times of patience, the meme craze near the end of the year has given birth to a large number of myths about getting rich quickly by relying on memes to achieve hundreds of times of profits.

To get rich really fast, you have to watch memes.

2 weeks, nearly 5000 times profit

Coq Inu token COQ is one of the best, creating two myths of approximately 5,000 times revenue in a row.

First, on December 19, a trader turned $454 into $2.19 million in two weeks by trading COQ, with a profit of 4827 times:

Among them, he spent 17.26 AVAX (US$454 at the time, the same below) to purchase 4.86 trillion COQ through 7 addresses, and then sold 4.61 trillion COQ at a price of 32,251 AVAX (approximately US$1.26 million) and 259,000 USDC. COQ still holds 250 billion COQ (about 700,000 US dollars), with a profit of about 2.19 million US dollars.

In addition, another address also traded COQ, turning $108 into $475,000 in 10 days, with a profit of 4397 times:

This address spent 4.1126 AVAX (approximately US$108) to buy 694.2 billion COQ on December 7, and then sold COQ in multiple transactions. It has now sold all of them, with a profit of US$475,000, and an income of approximately 4397 times. .

Silly’s 25,000 times myth

As one of the meme protagonists scheduled for the Year of the Dragon, Silly also created a myth of getting rich 25,000 times in 20 days.

An address used 0.7 SOL ($80) to purchase 20.5 million SILLY (2% of the total supply) on December 5. As of the time of publication, a total of 20 million SILLY has been sold, which is approximately $1.5 million based on the corresponding market price (including Approximately 10 million sold for $500,000).

Currently, this address still owns 300,000 SILLY (about 30,000 US dollars). Based on this calculation, the return rate within 20 days is approximately 25,000 times.

summary

If the airdrops of tokens such as UNI and 1INCH in 2020 are rewards for industry participants with a keen sense of smell and willingness to try new things, then this year, with the high early valuations of leading projects and the increasing number of airdrop hunters, , the probability of "low cost and high return" in the entire track is getting smaller and smaller.

The inscriptions and memes are undoubtedly different from the traditional narrative logic dominated by many previous large-scale investment and financing projects and VC, giving more possibilities for the general public besides OG and Whale to participate:

It is precisely because of this that the inscription craze and the meme trend have given more people the opportunity to overtake in corners, attracting a wider range of funds and user base to participate, thus providing us with one myth after another of getting rich this year.

From a probability perspective, behind the flow of get-rich-quick stories between different narratives is the changing probability of success in different tracks . The logic of the crypto market has always been a slippery slope, and the differences between all concept sectors or specific currencies are Value discovery has its own inherent development logic.

I hope that you and I who are reading this article can seize the next wave of sections that are secretly building momentum and become the protagonists of a new round of rich stories next year.

Mirror
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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