#数字资产市场动态 From Dreaming of Luxury Homes to Prison — The Truth About a Salesperson’s Crypto Investments

She had seen the wealthy spend millions to buy luxury homes and secretly resolved to join their ranks. In early 2021, various emerging public chain ecosystems exploded, with meme coins and new tokens emerging endlessly. She decided to go all in.

Initial success: she invested 10,000 in her first coin, which doubled five times overnight. But the good luck didn’t last long — with a 6x increase still ahead, she sold early. The feeling of watching the coin’s price soar while her pockets were empty was enough to break her. So she started to bet aggressively, chasing meme coins every day. Most of them went to zero within hours, and some projects even disappeared just 3 minutes after opening.

Losses led her down another path — creating her own tokens. The costs were astonishingly low: on-chain fees were just a few hundred yuan, she simply used a white paper template, built a community, and found a few influential accounts to promote it. A "project" was born.

Her first attempt was surprisingly successful: a 200% pump, a 50% dump, then pump again, dump again — after three rounds of harvesting, her principal was multiplied by 20. For her second project, she changed tactics, directly selling pre-sale spots. The project disappeared on the day of launch. But one detail exposed her — victims tracked her through on-chain records and found the Shanghai information she had mentioned. Eventually, the police came knocking. By the end of 2022, she was convicted of fraud and sentenced to four years in prison.

The blockchain market is like this — 99% of first-tier projects ultimately go to zero. Participants are playing a zero-sum game, where someone’s gains come directly at another’s loss. Those seemingly "winners" can quickly become frequent visitors to the courthouse.

A sincere piece of advice: beware of any opportunity promising quick riches. Industry opportunities do exist, but many are carefully crafted traps. Rational planning and staying away from unknown new tokens are the first steps to getting out safely.