The myth of getting rich quickly in the crypto world sounds great, but the truth is often bloody; be careful not to become someone else's "ATM"!
Last year, a guy with the username "DMT.eth" spent 263 yuan to buy an astronomical 59 trillion PEPE coins! At that time, people laughed at this frog meme coin, calling it garbage.
The more others looked down on it, the more he wanted to buy (anti-consensus).
He bet that this addictive frog meme could go viral across the internet and trigger a FOMO frenzy.
So what happened? In 5 months, 263 yuan turned into 25 million! A 260,000-fold increase! It nearly made my eyes pop out! But where did this money come from?
Exchanges fueled the hype: major platforms like Binance and OKX launched it and even offered 100x contracts, leading to a liquidation of 380 million dollars in just one day! How many people's money turned to smoke...
Big whales manipulated the market: a few large holders controlled 35% of the coins, pushing prices up just to dump them, specifically harvesting retail investors!
Young people treated it as a gamble: many post-00s viewed this as a "lottery to turn their fortunes around," even borrowing money to go all in! It gave me chills...
The bloody truth:
78% of these "meme coins" don't survive more than 3 months and go to zero! PEPE itself even saw its value halved in one day!
Regulation is not to be taken lightly! The SEC investigates, South Korea bans, and market value can evaporate by 70% in an instant!
Experts say it straight: this is not investing; it's purely like gambling in a casino!
Survival rules for retail investors:
Don't get high on the myth of getting rich quickly! 78% of people run away within 9 days; what makes you think you're the lucky one?
FOMO is poison! When even the aunties at the market are talking about this coin, run quickly; that means the big players are about to exit!
Never exceed 5% of your position! Play with spare money; sleeping well is the most important thing!
In a bull market, traps outnumber opportunities! Want to avoid pitfalls and seize real opportunities? Click on my profile to follow me! I share practical tips and first-hand information every day to help you make money in this bull market while staying sober, so you won’t be a victim! Follow me, and don't get lost in investing! $PEPE #PEPE
