Recently, I’ve started doing my old job again—farming. Today’s focus is on the Ethereum Gas series and the Renaissance project, which must be completed using X and Discord to follow the task flow. After messing around for a while, I realized that many of the tools I had stockpiled earlier are already outdated, so I had to repurchase new ones. A feeling suddenly arose—this is just like returning to the POW era atmosphere, where it’s all about who has more work effort and who’s more aggressive.

Coincidentally, today marks the one-year anniversary of a MEME coin issued by a certain prominent political figure. I remember that a year ago, this coin’s emergence allowed many people to achieve their wealth freedom dreams, though it also trapped a large number of later investors. The price has fallen from over $80 at its peak to $5 now, a decline of over 90%. The transfer of wealth is brutal—flowing from most retail investors’ accounts into the pockets of a few.

After going through this cycle, I understand that the essence of this kind of MEME coin is just a game of hot potato. Ultimately, it’s bound to go to zero, and it’s all just a bubble. The key is who can get in early and get out in time. Those who believe in this system will only end up as bagholders in the end.