From 2020, the act of profit-taking only required a single swap to obtain $1000, which caught the attention of the general public. The first project I was involved in was the ARB test network. At that time, not many people understood profit-taking, but I followed the tutorial shared by the community leaders @AiMonkeyboy and @acryptoape in the 8848 community.
The year 2021 was relatively rich in airdrops. DYDX allowed many retail investors to advance several stages, while I focused most of my energy on ZKS and missed out on DYDX. The main projects everyone was involved in that year were OPYN, ENS, Element, Optimism, ZKSync, and Arbitrum.
I want to thank the seniors who generously shared their knowledge back then, like @KuiGas, @hebi555, @ZF_lab, and @Ice_Frog666666. These were some of the big shots I followed daily. The first substantial result I achieved was with OP, where I sold 60 wallets for 600,000 RMB.
After OP released the airdrop, I withdrew most of the money to pay off my mortgage. Although it alleviated some pressure, I felt it was a wrong move. I should have reinvested all the money into ARB; I could have been free at that time.
In the following period, I focused all my energy on the ARB project. In the meantime, there was the Odyssey with regular monthly and weekly activities. In March 2023, I released an airdrop, operating 110 wallets, with 61 wallets receiving the airdrop. The remaining old accounts were witch accounts. Due to concerns over the weight of old testnet accounts, I suffered heavy losses using a batch of wallets linked to accounts, resulting in the ARB airdrop only bringing in over 300,000 RMB.
After ARB released the airdrop, I learned from previous lessons and invested all the airdrop money into STRK and ZKS. I operated 500 wallets for each project. The previous interactions were relatively simple, maintaining regular weekly activities. For each project, I would interact with 100 wallets daily, randomly mixing up wallet interactions. I worked five days a week and rested for two days, sticking to this routine until February 21, 2024, when STRK released the airdrop. Out of the 500 accounts I operated, over 100 might have become witch accounts, but in the end, I achieved my first significant result in profit-taking, selling for over 4 million RMB.
After STRK was released, the cryptocurrency circle began to experience a backlash against profit-taking. With 500 accounts on ZKS, I hardly received anything, and I didn't get any airdrops from 100 LO I created. Various projects openly set up their own insider trading, leading to widespread criticism for almost every project.
In the current market for profit-taking, various small projects are still worth pursuing for newcomers. Although the rewards are not high, there is little cost and low risk. Considering the current trend of profit-taking, it is still possible to engage in these projects.