Legend of the Sh*tcoin Doge: From 3,000 to 3 Million, and then to 300

A Ming remembered that night. He was lying on the bed in his rental apartment, scrolling on his phone, when a message suddenly popped up in his WeChat group: “MARSCOIN is about to take off—hop on now.”

He opened Binance and took a look. At the time, MARSCOIN was only 0.008 USDT, with a laughably small market cap and a 24-hour trading volume of under one million. Someone in the group said it was the next hundred-bagger. Someone else claimed the project team had deep backing. And there was also someone posting screenshots showing they’d already tripled their money.

A Ming hesitated for ten minutes. The 3,000 yuan was all the living expenses he had left for the month. Rent hadn’t been paid yet, and he’d been eating instant noodles for half a month. But the atmosphere in the group was completely insane—everyone was shouting “Buy in,” as if not buying meant regretting it for life.

He gritted his teeth and put all 3,000 yuan in, buying 350,000 MARSCOIN at 0.0085.

On the first day, it rose by 30%. A Ming was so excited his hands were shaking—he posted three different Moments screenshots.

On the third day, MARSCOIN surged to 0.03. His account balance became 105,000. He started fantasizing about quitting his job, buying a car, and making his ex-girlfriend who looked down on him regret it.

On the seventh day, Binance listed a spot trading pair for MARSCOIN. The price shot up like a rocket—0.05, 0.08, 0.11. A Ming’s assets broke past three million. He stared at the number on the screen, breathing fast, as if his heart might jump out of his chest. Three million—he’d never seen this much money in his life.

The voices in the group changed. Those who used to shout “Buy in” now started saying “Hold on.” They claimed the target price was 1 USDT, that this was only the beginning, and that early holders would change their fate.

A Ming believed them. He didn’t sell.

At 3 a.m. on day eight, he was jolted awake by his phone buzzing. The price of MARSCOIN began plunging from its high at 0.1179—0.09, 0.07, 0.05. He frantically tapped the sell button, but the orders wouldn’t execute. Liquidity had completely dried up.

By the time daylight came, MARSCOIN was stuck at 0.0975. His three million turned into 260,000.

He wasn’t willing to accept it. He thought this was just a pullback. He was sure it would rise back. He held onto all the remaining 260,000, waiting for the rebound.

A month later, MARSCOIN fell to 0.02. His 260,000 became only 7,000 yuan.

Two more months passed. MARSCOIN went ignored by everyone, hovering around 0.009. His three million finally dwindled down to just over 300 yuan.

Later, A Ming withdrew that little over 300 yuan and went downstairs to buy a box of instant noodles at a convenience store. Sitting in his rental room, he ate the noodles while watching the ONE candlestick chart on Binance move—price at 0.004, trading volume over sixty million.

He let out a bitter smile and opened his notes, writing one line: Next time I run into a sh*tcoin, I’ll be the dog.

Three months later, A Ming opened a 50x long position on BTC in his Binance futures account.

That’s a different story.

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