The Shitcoin Legend

At three in the morning, Chen Hao’s phone screen glowed, reflecting in his bloodshot eyes.

He stared at BMT’s candlestick chart, his finger hovering over the buy button, unable to bring himself to press it. The coin had been listed less than a week ago, its market cap was still under two million dollars, and the community was full of newbies who had only just learned how to use a wallet.

“Another shitcoin. Another way to fleece the little guys,” he muttered, remembering the 20,000 yuan he’d lost on ANIME last month. Back then, he’d also listened to the “experts” in the group who said the anime sector was about to take off. He jumped in, got stuck at the top, and watched it fall sixty percent from its peak. His hands had trembled when he finally cut his losses.

But this time was different. On-chain data for BMT showed that the number of holder addresses had tripled in the past forty-eight hours, while whale wallets kept accumulating, with no signs of selling. Discussions in the community had shifted from “What kind of garbage is this?” to “Maybe there’s something to it.”

Chen Hao gritted his teeth and converted the last 3,000 U in his wallet into BMT. His average entry price was 0.021. He bought in during a quiet night when nobody was paying attention.

For the next three days, he barely slept. BMT rose from 0.021 to 0.03, and he told himself to take his profits while he could. When it hit 0.038, he started regretting not buying more. By the time it reached 0.05, his 3,000 U had grown to more than 7,000.

The group went wild. The people who had mocked him before started asking, “Can I still buy now?” Those who had bought the dip alongside him began posting their gains. Chen Hao stared at the numbers in his account, his heart pounding.

He sold half at 0.048, locking in his profits. For the rest of his position, he set a trailing stop-loss.

A week later, BMT peaked at 0.051. The trailing stop automatically closed out his remaining position at 0.044. In the end, the trade earned him nearly 5,000 U, a return of more than 150 percent.

He turned off his phone, lay on his bed, and stared blankly at the ceiling. Not because he was excited, but because he knew all too well that he might not be so lucky next time.

There’s never a shortage of get-rich-quick stories in crypto. What’s rare are the people who make it out alive.

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