In the world of cryptocurrency, getting rich has become an essential part, especially when you see one “getting rich” article after another in the community, which makes you anxious. At the same time, you feel that “no picture, no truth” can’t deceive you. This article shows you these “getting rich” stories with pictures, hoping that we can become the next wealth achievers.
(Content summary:
Solana NFT “Froganas” gets 209 times richer! The “brotherhood” is also calling for a single camp, what is the origin?)
(Background supplement:
Commentary on the “Revenge Getting Rich” token for two weeks, can it continue?)
Table of Contents:
The common talk of airdrops creating wealth
The wealth miracle of the “three-horse carriage” of tokens
ORDI: From 350 yuan to 14 million yuan
SATS: 170 times in three months
RATS: From 5,000 yuan to 1 million yuan
The god of new mining coins
The first 100 times and 2 million for college students
The frenzy of memes
Nearly 5,000 times in two weeks
Silly’s 25,000-fold myth
Summary
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 many years have been attacking with this goal but have not yet achieved half of it; it is familiar because in every wave of cryptocurrency narratives, there are uninterrupted “getting rich stories” appearing in our vision, repeatedly stimulating everyone’s nerves.
Now, as we approach the end of 2023, this article specifically selects those widely circulated “enviable” getting rich stories (assuming there are pictures for evidence) of this year, so that we can experience the feeling of anxiety together.
Since the start of UNI in 2020, token airdrops have always been the main gathering place for the “getting rich myth” in the cryptocurrency industry. And this year’s large-scale token airdrops have still brought surprises to many users, especially BLUR and ARB, which ignited the airdrop frenzy after the beginning of the year.
In February of this year, Blur conducted a total of 360 million BLUR token airdrops to more than 62,000 addresses that met its 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 recipients of the airdrop received 29.7 million BLUR tokens and 25 million BLUR tokens respectively. Transaction activities show that the top three wallet transaction activities all involve repeated buying and selling of large amounts of the same NFT, indicating the existence of wash trading or pre-arranged operations.
Subsequent ARB, TIA, and JTO airdrops, although limited in terms of individual address wealth creation, also have stories of getting rich through multiple addresses, which will not be discussed here.
As one of the leaders in the token race, ORDI initially received little attention when it was minted in the first half of this year, to the point where no one in the WeChat group was interested even when it was sold for a few dozen yuan.
Among them, there was a lucky person who “worked at Foxconn and saved money” and spent 350 yuan to buy 30 ORDI tokens (equivalent to 30,000 ORDI), ultimately turning it into 14 million yuan.
If this lucky person had not sold it, the maximum value of 30,000 ORDI tokens would have been 2.46 million US dollars, nearly 17.5 million yuan.
According to a tweet shared by a user, SATS, which he bought for 0.6 BTC in October, multiplied by more than 20 times in two months to reach 13 BTC. In addition, community members bought 3 trillion SATS in August and September and achieved returns of over 170 times.
Similarly, RATS, also a token of the race, created a myth of going from 5,000 yuan to 1 million yuan in just half a month.
In addition, the Web3 world is a paradise for technical talents and hackers. Therefore, in addition to directly participating in token races, those who sell shovels and water are often winners in the gold rush:
A programmer spent a week developing a tool to help the community participate in token races, and has received 20% of the SATS. The corresponding market value of the SATS currently exceeds 200 million US dollars.
As the oldest narrative in the cryptocurrency industry, PoW almost produces a mythical rise of 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 hundredfold coin in life by saving money and going all-in on KAS. The story spread across the internet.
Among them, this college student “bet all his living expenses and New Year’s money of 19,800 yuan” on KAS, and even “ate meals with classmates” at one point. Finally, he made it through and achieved his first hundredfold coin and 2 million yuan.
Currently, if this student continues to hold, he may have already achieved his first 250-fold return and 5 million yuan: In August, the market price of KAS was around 0.04 USD, and it has been rising since then. On November 17th, Binance also listed the U-based contract, and as of the time of writing, KAS is stable above 0.1 USD. Based on this calculation, the student’s 19,800 yuan has multiplied by at least 250 times, reaching 5 million yuan.
Looking back now, the price increase of KAS 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 USD. In September of the same year, KAS was listed on MEXC, and the price quickly soared to 0.008 USD.
Since then, KAS has skyrocketed 20 times from 0.005 USD this year, with a market value approaching 1 billion USD, triggering a frenzy in the PoW coin and even small coin exchanges, becoming the well-deserved new generation god of mining coins.
Compared with the “patience pays off” in airdrops, tokens, and even mining coins, this wave of meme frenzy near the end of the year has created a large number of “getting rich” myths that quickly achieve hundreds of times returns based on memes.
To get rich quickly, you have to rely on memes. The token COQ of Coq Inu is one of the best examples, creating two myths of approximately 5,000 times returns.
Firstly, on December 19th, a trader turned $454 into $2.19 million within two weeks, achieving a return of 4,827 times. He spent 17.26 AVAX to buy 4.86 trillion COQ through 7 addresses, and then sold 4.61 trillion COQ for 32,251 AVAX (about $1.26 million) and 259 million USDC, still holding 250 billion COQ (about $700,000), with a profit of about $2.19 million.
In addition, another address also traded COQ and turned $108 into $475,000 within 10 days, achieving a return of 4,397 times. The address spent 4.1126 AVAX (about $108) to buy 694.2 billion COQ on December 7th, and then sold COQ in multiple transactions. Currently, all COQ has been sold, with a profit of $475,000, achieving a return of about 4,397 times.
As one of the meme protagonists scheduled for the Year of the Dragon, Silly also created a myth of 25,000 times returns within 20 days. An address purchased 20.5 million SILLY (2% of the total supply) for 0.7 SOL (worth $80) on December 5th. As of the time of writing, the address has sold 20 million SILLY, earning about $1.5 million (including selling around 100 million SILLY for $500,000). The address still holds 3 million SILLY (about $30,000), resulting in a return of approximately 25,000 times within 20 days.
If we consider the token airdrops of UNI and 1INCH in 2020 as rewards for industry participants with keen senses and willingness to try new things, then this year, with the early high valuations of top projects and the increasing “hustle” of airdrop hunters, the probability of “low cost, high return” in the entire race is decreasing.
However, unlike many previous large-scale investment and financing projects led by traditional narratives of VCs, token races and memes undoubtedly offer more possibilities for participation from the general public outside of OGs and whales.
It is because of this that the popularity of token races and meme frenzies have attracted a wider range of funds and user bases to participate, thus presenting us with one “getting rich” myth after another this year.
From a probabilistic perspective, the flow of getting rich stories between different narratives is a reflection of the changing probabilities of different races. The logic of the cryptocurrency market has always been unpredictable, and the value discovery of all conceptual sectors or specific currencies has its inherent development logic.
I hope that you, the one reading this article with me, can seize the next wave of quietly accumulating sectors and become the protagonist of a new round of getting rich stories next year.)