The anti-fraud movie has become a promotional material for "Dogcoin".
Written by: Mu Mu
On August 8, the movie "All or Nothing" was released, and the box office has been rising all the way, standing on Douban's TOP 1 list of popular movies. The film is based on tens of thousands of real fraud cases, showing the tricks of the scammers and the shocking tragedies of the victims.
Encryption elements such as "Coin", "Kitcoin" and "Token" appear many times in the movie as "bait" of fraudulent groups. In the movie, the gambler A Tian played by Wang Dalu mortgaged his real estate to cash out 8 million yuan to buy Ketai currency, but he left the market at a loss under the trap, and finally committed suicide by jumping off the building.
The magic is that in the real cryptocurrency market, there is a Ketai coin, which is classified as Meme coin by people in the crypto. It is also called "earth dog coin" in China. A virtual currency that has no real value and is only for speculation.
A more magical scene was staged. Ketaicoin's "Pengci" and "Desperate for All" became the object of crazy buying in the Chinese crypto during the movie screening stage, and it was also praised as a "golden dog" in some crypto communities. Therefore, in just 3 days, Ketai currency rose nearly 10 times, and the highest increase was as high as a thousand times.
And on the day the movie was released, the price of Ketai currency plummeted by 60%. The scene in the movie has become a reality, but I don’t know if there is “Wang Dalu” in the movie among the investors who lost money.
The topic of popular movies, Ketai currency skyrocketed by a thousand times
"Now turn to Ketaicoin, a phenomenal domestic meme." On Twitter, an encryption project called Ketaicoin borrowed lines from the movie "All or Nothing" as its slogan, claiming to create a phenomenon-level domestic meme, and even used A screenshot of the movie was used as the background image of the Twitter account, and no one knew who distributed it.
The publicity of Ketai currency appeared on overseas social platforms
"If you want to succeed, go crazy first, and rush to money desperately; fight once, and you will be rich for three generations, and you will not fail if you work hard." In "All or Nothing", the line of "Manager Lu", the leader of the fraud group played by Wang Chuanjun, was also used as publicity by Ketai currency slogan.
The anti-fraud movie "All or Nothing" has its own topic, and the unexpected popularity of the movie has brought exposure to the reality of Ketai currency. According to CoinMarketCap, an encryption market data website, Ketaicoin has experienced a 10-fold increase within 3 days of its launch, and the highest increase has been as high as a thousand times.
During this process, some callers regarded themselves as fans, advocating that Ketai currency is the next "Spring Festival Gala Dog King Coin" and a thousand times "Squid Coin". Getting rich is really that easy? In fact, the "King of Dogs" and "Squid Coins" that Ketaicoin is against have already become shit coin in the cryptocurrency market.
The "Dog King" mentioned by the callers refers to the DogeKing token, which became popular during the Spring Festival in 2023 and was brought into the air by the lines of the Spring Festival Gala sketch performed by Shen Teng. The two burdens that appeared in the skit, "I'm messing around with dogs in the Metaverse" and "I'll be the Dog King in the future", completely ignited the popularity of DogeKing, and the price of the token skyrocketed a thousand times after the skit was over.
What's even more amazing is that after DogeKing, more than 10 "dog king" tokens appeared in the cryptocurrency market in an instant. This cryptocurrency investment boom, which was even more absurd than the richest man in Xihong City, did not last long. When investors thought they had seized the opportunity to get rich, the plunge followed. to zero.
A similar plot was staged as early as 2021 when Netflix's hit Korean drama "Squid Game" was launched. The hot squid coin (SQUID) also appeared in the plot of flash crash after skyrocketing. During the rise of squidcoin, many people heard the news and entered the market, and encountered "black 5 minutes" in the expectation of making money. The currency fell from $2,861 to $0.0007, and the price was almost cleared.
These meme coins, which are characterized by hype, are called "earth dog projects" in the domestic crypto. They have no information about the issuing team, and there is no security audit of the coin-issuing smart contract. The virtual currency issued has no value. Relying on the heat to call orders to attract entry funds, push up prices, and finally plummet at a certain moment.
Squid coins, dog king coins, etc. are also known as "carpet scams" abroad, that is, the issuers of virtual currencies first raise the price, wait for investors to enter the game, and then run away with the money in an instant to harvest leeks. It's like suddenly pulling the rug from under your feet, which catches you off guard.
"Earth Dog" is now in decline, and the film fell 60% after the film was released
"Behind the temptation is full of traps", this line in "All or Nothing" has actually expressed the true meaning of all hype games.
The current Ketai currency also exposes such risks.
On the first day of the release of "Desperate for One Thing", Kotacoin has already begun to plummet. According to data from Coinmarketcap, within 24 hours, Ketaicoin plummeted 60% on the on-chain trading platform Uniswap. As of August 11, there were only more than 2,000 Ketai currency holders. Some investors warned of risks, "Kitcoin has no real value and the circulation is very low. If large currency holders sell and leave the market, the collapse will only happen in an instant."
Kotecoin plummets after skyrocketing
From Dog King, Squid Coin to Ketai Coin, there are many people who have failed in speculation. Why do such projects still have a market among cryptocurrency investors?
The lack of supervision of cryptocurrencies is one of the reasons for the endless emergence of Dogecoin, but in the face of harvesting routines, the "leeks" are still rushing forward. The reason may be as the police officer Zhao Dongran played by Yongmei in "All or Nothing" said: Everyone has two hearts, greed and unwillingness.
An investor who watched this movie was deeply touched, "This is spreading flowers with drums. Everyone feels that they can escape before the collapse, and imagine that they are not the last to succeed. Only in the end did they realize that everyone is a movie. "Wang Continent" in ".
A Tian who committed suicide does not only exist in movies.
At the beginning of May 2022, the popular virtual currency LUNA has soared from $5 at the beginning of its release to $120. This project, built by a Korean team, has a technical route, and is supported by various investment institutions, was once regarded by the outside world as the Web3 world. A seed player in the field of USD stablecoin model innovation.
No one expected that in mid-May of that year, LUNA had a cliff-like crash without warning, and it ran infinitely towards zero, with a drop of more than 99%. The book value of LUNA, which had $2 million in the hands of investors, turned into single digits in a few days.
In July of the same year, three members of the Korean girl Zhao Mina's family committed suicide. Investigators found that Zhao Youna's father had frequently searched for the keyword "LUNA coin" on his laptop. The collapse of LUNA directly led to a surge in Zhao Youna's family debt. It is reported that her family's debt is close to 150 million won (about 770,000 yuan).
In "All or Nothing", "Ketai currency" appears in the form of a well-designed scam. For A Tian, played by Wang Dalu, it is a tempting gamble. He spends all his savings and looks forward to a beautiful game. In the end, he fell into a trap and lost the confidence to live.
In reality, Ketai is still falling, as if it is an absurd reproduction of the plot of the movie. No one knows, when it returns to zero, there will also be a group of "Wang Continents" who are trapped by temptation.
