The world of Web3 has never been short of stories, especially in the past few days, where several major events have set the community ablaze. From the liquidity extraction operations of 'Kill the Wolf', to CZ changing his avatar, to Sun Ge's brand-name meme coin on the Tron chain experiencing a nine-hour price halving, these events not only showcase the frenzy and chaos of Web3 but also reveal the opportunities and risks in this decentralized world.
'Kill the Wolf' liquidity extraction operation: Sudden wealth and insults go hand in hand
Recently, a project called 'Kill the Wolf' has stirred up a storm in the Web3 circle. It is said that this project created an astonishing 1000-fold increase, turning an investment of $300 into $300,000, making it a textbook example of overnight wealth. Players who bought in heavily even transformed into 'developers' of the project, earning a fortune. However, the good times didn’t last long; the team's liquidity extraction at high prices completely ignited the community's dissatisfaction.
The so-called 'liquidity extraction' refers to the project team quickly selling off their liquidity after the token price has been driven up, cashing out and leaving. This behavior is not new in the Web3 circle, but the actions of the 'Kill the Wolf' team are particularly bold. They first transferred 2% of the funds to Binance CEO Zhao Changpeng (CZ), seemingly to show 'loyalty' or ride the wave of attention, then claimed that the remaining 1% would be added back to the pool in an attempt to calm the community's anger. Unfortunately, the community did not buy it, and complaints flooded in, with some criticizing them for 'looking too greedy' and others questioning if this was just a new round of tricks. In the end, this frenzy of sudden wealth concluded with insults and controversy, leaving a mess behind.
CZ's avatar change controversy: A single 'everyone is still sleeping' ignites expectations
Meanwhile, Binance's head Zhao Changpeng (CZ) has also become the focus of heated discussion. Rumors suggest that CZ plans to change his avatar to a 'muscle sheep', and this news quickly ignited the community's enthusiasm. Following this, two sheep-related tokens, $SheepCZ and $BF, surged dramatically, with increases ranging from 20 to 80 times. CZ humorously responded in a tweet: 'Wait, everyone is still sleeping.' This casual remark not only showcased his characteristic teasing style but also left fans eagerly anticipating his next move.
In the Web3 circle, changing an avatar is no small matter, especially for a big influencer like CZ, whose every move can sway market sentiment. Some speculate that this might be CZ warming up for a new project, while others believe he just wants to play with a meme for fun. Regardless of the truth, this 'avatar change controversy' has allowed many to profit handsomely, and it has led more people to keep an eye on his account, eagerly anticipating the 'big news' after waking up.
Sun Ge's brand-name meme on the Tron chain: Nine hours from peak to price halving
If the stories of 'Kill the Wolf' and CZ are a microcosm of enthusiasm and expectation, then Sun Ge (Sun Yuchen) and his meme coins on the Tron chain are a typical case of 'quick in and out'. Recently, several meme coins on the Tron chain, such as $SZN and $Ban, suddenly soared, with increases ranging from 20 to 200 times, attracting countless players to rush in. However, just nine hours into the good show, one project under Sun Ge's brand suffered a price halving, the drop was so swift that it caught many off guard.
As the founder of the Tron chain, Sun Yuchen is known as a 'marketing master', and every move he makes can stir waves. The recent surge of meme coins is clearly related to his influence, but the price halving nine hours later also exposed the fragility of this hype. Some joked that 'Sun cuts too quickly, with a swift hand', while others lamented that this is the fate of meme coins—arriving quickly and leaving even faster. For those who chased high prices to enter, this is undoubtedly an expensive lesson.
The frenzy and reflection of Web3
From the liquidity extraction of 'Kill the Wolf', the avatar stunt of CZ, to Sun Ge's nine-hour price halving, the stories in the Web3 circle over the past few days have been full of drama. These events present both the temptation of sudden wealth and the risk of collapse, perfectly showcasing the high volatility nature of this decentralized world. For participants, a keen sense of opportunity is needed, as well as sufficient caution to avoid becoming the 'bag holder'.
The future of Web3 may be bright, but right now it resembles a carnival party—some are reveling in the dance floor, while others are quietly cleaning up the mess in the corner. Are you ready to join this game?
