Bloodbath! After working hard for ten years, the wage earners saved 300,000 to turn their fortunes around in the cryptocurrency world, but their hard-earned money instantly went down the drain. Is there any justice in this?
99% of the coins in the cryptocurrency market are worthless, relying solely on hype to exploit retail investors. Celebrities and institutions buy coins at a low price in advance, then frantically promote them on social media, causing retail investors to follow suit and drive up the price, after which they sell off their holdings for profit. For example, a certain celebrity claimed last year that 'SHIB is the next Bitcoin' but sold off all their holdings after the price surged 500 times, leaving countless retail investors stuck at the peak. Trump is even more ruthless; in 2025, he launched his own meme coin '$TRUMP' with an opening price of $0.18, which skyrocketed by 15,000% to $30 within 12 hours, only to plummet 80% within three weeks, with 810,000 wallets losing $2 billion directly! He himself cashes out $350 million at the peak price, and even 'Fortune' magazine complained: 'For every dollar Trump earns, retail investors lose $20!'
The regulatory void has turned 'hot air' into a scythe. While the U.S. stock market has strict insider trading regulations, the cryptocurrency market still lacks a global unified regulatory system. A tweet from Musk stating 'Dogecoin is the people's currency' caused Dogecoin to surge 200% in a single day, but he later said 'Dogecoin might be a scam,' causing the price to halve instantly. Trump is even more ruthless; while signing an executive order to elevate Bitcoin as 'digital gold,' he quietly let his sons sell off the 'Trump Coin' they issued, and tariff policies frequently led to price crashes. Just as retail investors were cut, he announced a delay in tax increases, continuously exploiting them!
The cryptocurrency market has designed a perfect harvesting process by leveraging human weaknesses: first, it lures you in with 'hundredfold coins' and 'financial freedom,' then creates anxiety through celebrity effects ('wait another ten years if you miss out'), and finally triggers panic selling through price drops. In the Solana ecosystem, out of 870,000 MEME coins, less than 4% survive beyond 30 days, and retail investors are terrified of anything that smells like 'shanzhai.' Although the trading volume of shanzhai coins on Binance accounts for 78%, it is mostly just existing funds cutting each other, as no new retail investors dare to enter!