In the world of cryptocurrency, getting rich has become an integral part, especially when you see one story of getting rich after another in the community, making 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 ones to achieve wealth.
(Table of Contents)
The common way to get rich: Airdrops
The wealth miracle of “Three Drives” in the Mingwen project
ORDI: From 350 yuan to 14 million yuan
SATS: 170 times return 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 carnival of memes
Nearly 5,000 times return in 2 weeks
Silly’s 25,000 times myth
Summary
Getting rich has always been a familiar yet unfamiliar term in the cryptocurrency industry. It is unfamiliar because many friends who have been in the industry for years have been aiming for it but have not yet achieved even half of it. It is familiar because in every wave of cryptocurrency narratives, there are continuous “getting rich stories” appearing in our sight, constantly teasing our nerves.
Now, as the year 2023 is coming to an end, this article specifically selects those widely circulated “enviable” getting rich stories of this year (assuming there is evidence in the form of pictures), allowing us to feel the anxiety to the fullest.
Since UNI started the airdrop frenzy in 2020, token airdrops have always been the main gathering place for the “getting rich myth” in the cryptocurrency industry. This year, large-scale token airdrops have continued to bring surprises to many users, especially BLUR and ARB, which ignited the airdrop craze at the beginning of the year.
In February of this year, Blur airdropped a total of 360 million BLUR tokens 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 equivalent to approximately 1.6 million US dollars or 10 million yuan at today’s market price.
At the same time, the second and third largest recipients of the airdrop received 29.7 million BLUR tokens and 25 million BLUR tokens respectively. Trading activities showed that the top three wallet addresses engaged in repeated buying and selling of large amounts of the same NFT, indicating the presence of wash trading or prearranged operations.
Subsequently, although the airdrops of ARB, TIA, and JTO had limited effects on individual addresses, there were still stories of getting rich through multiple addresses, which will not be elaborated here.
As one of the leaders in the Mingwen project, ORDI initially attracted little attention in the first half of the year. Even transfers of a few tens of dollars in WeChat groups went unnoticed.
However, there was a lucky person among them who spent 350 yuan to buy 30 ORDI tokens (equivalent to 30,000 ORDI tokens). Eventually, this investment turned into 14 million yuan.
If this lucky person had not sold the tokens, 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, the SATS tokens that he bought with 0.6 BTC in October multiplied more than 20 times in two months, reaching 13 BTC.
In addition, some community members bought 300 billion SATS tokens from August to September and gained over 170 times returns.
Similarly, RATS, another project in the Mingwen ecosystem, 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 technical talents and hackers. Therefore, apart from directly participating in the Mingwen project, those who sell shovels and water also often become winners in the gold rush:
A programmer spent a week developing a tool to help the community with the Mingwen project. In total, the tool accounted for 20% of the SATS tokens, which currently have a market value of over 200 million US dollars.
As the oldest narrative in the cryptocurrency industry, PoW almost produces a myth of price surge 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 by frugally investing in KAS. The story quickly spread across the internet. This student “used all his living expenses and Lunar New Year money, totaling 19,800 yuan” to invest in KAS. He even had to rely on his classmates for meals. In the end, he successfully turned his investment into a 200 times return and 2 million yuan.
Currently, if this student continues to hold his investment, it is highly likely that he has already achieved a 250 times return and 5 million yuan. In August, the market price of KAS was around $0.04. Later, it continued to rise, and on November 17th, it was listed on Binance with a stable price above $0.1. Based on this calculation, the student’s 19,800 yuan has increased 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. In September of the same year, KAS was listed on MEXC and quickly soared to $0.008.
Since then, KAS has increased 20 times from $0.005 this year, with a market value reaching the billion-dollar level. It has triggered a trading frenzy for a series of PoW coins, including small coins, making it the worthy god of the new generation of mining coins.
Compared to the “patience leads to wealth” approach of airdrops, Mingwen, and even mining coins, the recent meme craze has given rise to many stories of getting rich by quickly earning hundreds of times returns through memes.
To get rich quickly, you have to rely on memes.
The token COQ of Coq Inu is one of the outstanding examples, creating two stories 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. The trader spent 17.26 AVAX to buy 4.86 trillion COQ tokens through seven addresses, and then sold 4.61 trillion COQ tokens for 32,251 AVAX (about $1.26 million) and 259 million USDC, still holding 250 billion COQ tokens (about $700,000), with a profit of about $2.19 million.
In addition, another address traded COQ and turned $108 into $475,000 within 10 days, achieving a 4,397 times return. This address bought 69.42 billion COQ tokens with 4.1126 AVAX (about $108) on December 7th, and subsequently sold COQ in multiple transactions. Currently, all COQ tokens have been sold, with a profit of $475,000, achieving a 4,397 times return.
As one of the meme protagonists scheduled for the Year of the Dragon, Silly also created a story of 25,000 times return within 20 days. On December 5th, an address purchased 20.5 million SILLY tokens (2% of the total supply) for 0.7 SOL (about $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 of approximately 25,000 times within 20 days.
If we consider the UNI and 1INCH token airdrops in 2020 as rewards for industry participants with a keen sense of smell and a willingness to try new things, then this year, with the high initial valuations of top projects and the increasing involvement of airdrop hunters, the probability of “low cost, high return” in the entire race is decreasing.
However, Mingwen and memes are undoubtedly different from the traditional narrative logic of many large-scale financing projects and VC dominance. They provide more possibilities for participation by the masses beyond OG and whales.
Because of this, the popularity of Mingwen and memes has attracted a wider range of funds and user base participation, thereby presenting us with one getting rich story after another this year.
From a probability perspective, the flow of getting rich stories between different narratives is caused by changes in the probability of different races. The logic of the cryptocurrency market has always been unpredictable. The value discovery of all conceptual sectors or specific currencies has its inherent development logic.
I hope that you, the reader of this article, can seize the next wave of secretly accumulating sectors and become the protagonist of the next round of getting rich stories next year.
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