If there’s anyone crazier in the cryptocurrency world, Cool Xi is second, and no one dares to claim the first. This kid’s life is like someone welding a roller coaster onto a bungee jumping platform—exciting enough to make people clench their fists and absurd enough to make them laugh.
From 'All-round Teen' to 'Internet Addiction Rebel'
A Shandong guy born in 2002, he was trouble from a young age. At 10, he became a quasi-first-level swimmer, with no rivals in the water; at 15, he won the (Honor of Kings) Hebei Championship, dominating in games. But at 17, his dad thought he was too addicted to games and sent him to an internet addiction school. Who would have thought that this place didn't dull his edges, but instead, it was like fertilizing wild grass—after coming out, he dove headfirst into the even wilder cryptocurrency world.
From 1000 yuan to 40 million: The overnight legend of 'Cool God'
During the '5・19' crash in 2021, while others were crying over their losses, he sneaked 1000 yuan from his dad's bank card and opened a 100x leveraged short position on Bitcoin. He spent his days watching the K-line movements and nights glued to his phone, relying on high-frequency trading to roll over his positions, turning 1000 yuan into tens of millions in a month. At his peak, it was said he held 40 million. Back then, he was called 'Cool God' in the cryptocurrency forums, with comments begging for a ride along, overshadowing even today's Dogecoin.
From Peak to Abyss: Liquidation, Debt, and Crazy Moves
But high leverage is quick to earn and quicker to lose. In the second half of that year, as Bitcoin rebounded, he couldn't hold on, heavily shorting and directly getting liquidated. Tens of millions flowed away like water, and he ended up heavily in debt. By 2023, he claimed he was 130 million in debt.
To recover his losses, he started pulling stunts: live-streaming drinking pesticides (later revealed to be props), claiming he was going to kindergarten to 'make big news', and even openly stating he took transgender drugs... His wild statements came one after another, and he was taken away by the police several times, eventually sentenced to two years for defrauding 10,000 USDT.
Turning 2000 USDT into 8 million: Is Cool God back?
Just when everyone thought 'Cool God' was totally finished, in 2025, he made a splash again. On the day Bitcoin plummeted, he had only 2000 USDT left, yet he opened a 50-100x leveraged double position on Ethereum and made a crazy 1 million USDT in a day. Not long after, he gambled big again with 2000 USDT, using 100x leverage, and the next day woke up to find his account had grown by 8 million US dollars.
The forum exploded, with posts declaring 'Cool God Returns' flooding the screen; some said he was a chosen gambler, while others called him a madman.
The Eternal 'Roller Coaster': Legendary or Totally Played Out?
But the craziness didn't last long; in April, he shared a screenshot of earning 25.04 million in a single day, only to crash the next day—losing 1.71 million on a 50x short position on Bitcoin, halving his previous day's earnings.
Now, he’s still bouncing around in the ups and downs of the cryptocurrency world, with no one knowing whether the next time will be a legendary comeback or a complete failure. Is he a gambler? He can really climb out of the mud; is he a legend? Every step he takes is on the edge and controversial. This life is more unpredictable than the most thrilling contract market.
