In the world of cryptocurrencies, getting rich has become an integral part, especially when you see one “get rich” article after another in the community, making you anxious. At the same time, you may think that “no picture, no truth” can’t deceive you. This article will show you these “get rich” stories with pictures, hoping that we can become the next ones to acquire wealth.
(Table of Contents)
The common talk of airdrops making people rich
The wealth miracle of the “Three Carriages” of Mingwen
ORDI: From 350 yuan to 14 million yuan
SATS: 170 times in three months
RATS: From 5,000 yuan to 1 million yuan in half a month
The god of new mining coins
The first 100 times and 2 million for college students
The madness of memes
Nearly 5,000 times in 2 weeks
Silly’s 25,000 times myth
Conclusion
Getting rich has always been one of the unfamiliar yet familiar words in the cryptocurrency industry. It is unfamiliar because many friends who have been in the industry for years have been targeting it everywhere but have not yet achieved even half of it. It is familiar because in every wave of cryptocurrency narratives, there are continuous “get rich stories” appearing in the field of vision, constantly provoking everyone’s nerves.
Now, as the year 2023 is coming to an end, this article specifically selects those widely circulated “enviable” get rich stories (assuming there are pictures for proof) from this year, allowing us to fully experience the feeling of anxiety.
Since the launch of UNI in 2020, token airdrops have always been the main gathering place for the “get rich myth” in the cryptocurrency industry. This year’s large-scale token airdrops have also brought surprises to many users, especially the BLUR and ARB airdrops that ignited a frenzy at the beginning of the year.
In February of this year, Blur conducted a total of 360 million BLUR token airdrops to over 62,000 addresses that met the airdrop conditions. The address that received the most tokens received 3.2 million BLUR tokens, which is worth about 1.6 million US dollars at today’s market price, equivalent to 10 million yuan.
At the same time, the second and third place in the airdrop rankings received 29.7 million BLUR and 25 million BLUR respectively. Trading activities showed that the top three wallet addresses involved repeated buying and selling of a large number of the same NFTs, indicating the possibility of wash trading or pre-arranged operations.
Subsequently, the ARB, TIA, and JTO airdrops also had stories of people getting rich through multiple addresses, but there is no need to go into detail here.
As one of the leaders in the Mingwen track, ORDI initially attracted little attention in the first half of the year. In WeChat groups, no one was interested even when they were selling for just a few dozen yuan.
However, there was a lucky person among them who spent 350 yuan to purchase 30 ORDI tokens (equivalent to 30,000 ORDI) and eventually turned it into 14 million yuan.
If this lucky person had not sold, the 30,000 ORDI tokens would have had a maximum value of 2.46 million US dollars, nearly 17.5 million yuan.
According to a Twitter user who shared his experience, the SATS he bought for 0.6 BTC in October increased by more than 20 times in two months, reaching 13 BTC.
In addition, some community members bought 300 billion SATS between August and September and achieved a maximum return of over 170 times.
Similarly, RATS, another project in the Mingwen track, created a myth of going from 5,000 yuan to 1 million yuan in just half a month.
Furthermore, the Web3 world is a paradise for tech talents and hackers. Therefore, in addition to directly participating in the Mingwen project, those who sell shovels and water are often winners in the gold rush. For example, a programmer spent a week developing a tool to help the community participate in the Mingwen project. The total value of the corresponding tokens he received is now over 200 million US dollars.
As the oldest narrative in the cryptocurrency industry, PoW almost produces a rise myth for a PoW coin every year. This year, the new generation PoW coin god is undoubtedly Kaspa (KAS).
In August, a college student achieved his first 100 times return on investment by investing frugally in KAS. This story spread across the internet.
The student spent all his living expenses and New Year’s money, totaling 19,800 yuan, on KAS. He even “ate with his classmates” for a while. In the end, he successfully gained a 100 times return on investment and 2 million yuan.
Currently, if this student continues to hold KAS, it is likely that he has already achieved a 250 times return on investment and 5 million yuan: In August, the market price of KAS was around $0.04. Subsequently, it continued to rise, and on November 17th, it was listed on Binance with a stable price above $0.1. Based on this, the student’s 19,800 yuan has increased by at least 250 times, reaching 5 million yuan.
Looking back now, the increase in KAS’s price can be traced back to the end of May 2022 when it was listed on TxBit. At that time, the lowest price of KAS was $0.0002. In September of the same year, KAS was listed on MEXC, and the price quickly soared to $0.008.
Since then, KAS has surged 20 times from $0.005 this year, reaching a market value of nearly 1 billion US dollars, triggering a frenzy of PoW coins and even small coin exchanges, and becoming the well-deserved new generation god of mining coins.
Compared to the “patience pays off” in airdrops, Mingwen, and even mining coins, this wave of meme frenzy near the end of the year has created many get rich myths that achieve hundreds of times returns through memes.
To get rich quickly, memes are the key.
The token COQ of Coq Inu is one of the outstanding ones and has created two myths of approximately 5,000 times returns. First, on December 19th, a trader turned $454 into $2.19 million within two weeks, achieving a 4,827 times return on investment. The trader spent 17.26 AVAX to buy 4.86 trillion COQ through seven addresses, then sold 4.61 trillion COQ for 32,251 AVAX (about $1.26 million) and 259 million USDC, and still holds 250 billion COQ (about $700,000), with a profit of approximately $2.19 million.
In addition, another address traded COQ and turned $108 into $475,000 within 10 days, achieving a 4,397 times return on investment. The address spent 4.1126 AVAX to buy 694.2 billion COQ on December 7th. After that, the address sold COQ in multiple transactions and has now sold all of them, with a profit of $475,000 and a return of approximately 4,397 times.
As one of the meme protagonists scheduled for the Year of the Dragon, Silly has also created a myth of 25,000 times returns within 20 days.
On December 5th, an address purchased 20.5 million SILLY tokens (2% of the total supply) for 0.7 SOL (worth $80). As of now, the address has sold 20 million SILLY tokens, totaling approximately $1.5 million (including selling 10 million tokens for $500,000). The address still holds 300,000 SILLY tokens (about $30,000), resulting in a return rate of approximately 25,000 times within 20 days.
If we consider the UNI and 1INCH token airdrops in 2020 as rewards for industry participants who have a keen sense of smell and are willing to try new things, then this year, with the pre-high valuations of top projects and the increasing “roll-up” trend among airdrop hunters, the probability of “low cost, high return” in the entire track is decreasing.
However, Mingwen and memes are undoubtedly different from the traditional narrative logic of many high-value financing projects and VC dominance. They provide possibilities for more people outside of OG and whales to participate. It is because of this that the Mingwen craze and meme wave have attracted a wider range of funds and user base to participate, bringing us one get rich myth after another this year.
From a probability perspective, the flow of get rich stories between different narratives is a reflection of the changing probabilities of different tracks. The logic of the cryptocurrency market has always been unpredictable, and the value discovery of all concept sectors or specific currencies has its intrinsic development logic.
I hope that you, who are reading this article, and I can seize the upcoming wave of secretly accumulating sectors and become the protagonists of the next round of get rich stories next year.