The Story of the “Earth Dog Coin”
At 3:00 a.m., A Jie stared at his phone screen, his eyes bloodshot. SAGA’s price was stuck at 0.04056, and his account was already down more than sixty percent.
Three months ago, he saw someone calling for trades in a certain Telegram group, saying that SAGA was the next “100x coin.” Back then, SAGA was only 0.01. He hesitated for two days, and finally went all-in at 0.025 with $50,000. The group’s “teacher” spoke with absolute confidence, claiming the project had a chain-game background and would be listed on a major exchange soon.
A Jie believed them. He even put the money he had set aside for rent into it.
The first week actually went up—rising from 0.025 to 0.04. He thought he had grabbed his chance. But then came endless sideways trading and a steady decline: 0.035, 0.03, 0.025—falling all the way back toward his cost basis. He began to comfort himself, telling himself it was the main force shaking out, and that he should hold.
Then the drop deepened. 0.02, 0.015, 0.012. At 0.012, he cut his position in half. The other half he no longer dared to look at. Every night before going to sleep, he would open the app to check once, then close it again, telling himself not to panic.
This morning at dawn, he was jolted awake by a message. Someone in the group said SAGA was about to announce a major partnership. He trembled as he opened the candlestick chart. The price had already surged from 0.04056 to 0.07704—an increase of more than sixty percent.
His hands were shaking. His floating loss turned from eighty percent to thirty percent. Should he sell? Or wait to get back to his cost basis before selling? Or wait until it climbs to 0.1?
He remembered what happened when he bought PEPE last year. Back then, PEPE rose from 0.000001 to 0.00001. He had made ten times and didn’t sell. In the end, it dropped back, and he ended up losing fifty percent. After that, he swore that next time, he would take profits.
But this time, watching the candlestick chart still moving, he started fantasizing about a 100x run again.
0.08, 0.085, 0.09. The price was still going up.
A Jie took a deep breath and placed a sell order at 0.088. The moment it got filled, there was no wild joy—only an indescribable exhaustion.
$50,000 became $38,000. He lost money, but at least he got back some.
He turned off his phone. Outside the window, daylight had broken. He knew this game wasn’t over yet.
#SAGA #meme币 #Contract liquidation
At 3:00 a.m., A Jie stared at his phone screen, his eyes bloodshot. SAGA’s price was stuck at 0.04056, and his account was already down more than sixty percent.
Three months ago, he saw someone calling for trades in a certain Telegram group, saying that SAGA was the next “100x coin.” Back then, SAGA was only 0.01. He hesitated for two days, and finally went all-in at 0.025 with $50,000. The group’s “teacher” spoke with absolute confidence, claiming the project had a chain-game background and would be listed on a major exchange soon.
A Jie believed them. He even put the money he had set aside for rent into it.
The first week actually went up—rising from 0.025 to 0.04. He thought he had grabbed his chance. But then came endless sideways trading and a steady decline: 0.035, 0.03, 0.025—falling all the way back toward his cost basis. He began to comfort himself, telling himself it was the main force shaking out, and that he should hold.
Then the drop deepened. 0.02, 0.015, 0.012. At 0.012, he cut his position in half. The other half he no longer dared to look at. Every night before going to sleep, he would open the app to check once, then close it again, telling himself not to panic.
This morning at dawn, he was jolted awake by a message. Someone in the group said SAGA was about to announce a major partnership. He trembled as he opened the candlestick chart. The price had already surged from 0.04056 to 0.07704—an increase of more than sixty percent.
His hands were shaking. His floating loss turned from eighty percent to thirty percent. Should he sell? Or wait to get back to his cost basis before selling? Or wait until it climbs to 0.1?
He remembered what happened when he bought PEPE last year. Back then, PEPE rose from 0.000001 to 0.00001. He had made ten times and didn’t sell. In the end, it dropped back, and he ended up losing fifty percent. After that, he swore that next time, he would take profits.
But this time, watching the candlestick chart still moving, he started fantasizing about a 100x run again.
0.08, 0.085, 0.09. The price was still going up.
A Jie took a deep breath and placed a sell order at 0.088. The moment it got filled, there was no wild joy—only an indescribable exhaustion.
$50,000 became $38,000. He lost money, but at least he got back some.
He turned off his phone. Outside the window, daylight had broken. He knew this game wasn’t over yet.
#SAGA #meme币 #Contract liquidation