The Legend of a Shitcoin
At 3:17 a.m., Chen Lei’s phone screen was glowing, reflected in his bloodshot eyes.
He stared at FOGO’s candlestick chart, his finger hovering over the “Buy” button, trembling slightly. The price was already at 0.00221, down nearly 30% for the day. Someone in the group chat was shouting, “Countdown to zero!” while someone else said, “I told you it was a scam.”
“If it drops any further, this has to be the bottom,” he muttered to himself.
Three months earlier, Chen Lei had seen a post on Binance Square. Someone had analyzed FOGO’s community data, saying the meme coin had a genuine distribution of holders and that on-chain activity was steadily growing. FOGO was only at 0.0008 then, but he thought it was too expensive. Why buy a shitcoin without even a white paper?
Later, FOGO rose to 0.0015. He regretted not buying, but still didn’t.
Then FOGO climbed to 0.003 before pulling back to 0.002. He lurked in various group chats, watching others post screenshots of their profits, feeling as if his heart were being scratched by a cat.
Tonight, FOGO had fallen again. 0.00221.
“This time, it’s really hit bottom.” He transferred the last 20,000 yuan of his credit card limit into his Binance account.
Buy. Filled at 0.00225.
His palms were drenched in sweat. If it fell again, he’d really have nothing left. He still hadn’t paid the rent, and last month his girlfriend had just had a fight with him over “losing money trading crypto.”
For the first two hours after he bought, FOGO kept drifting lower. 0.00220, 0.00218. His unrealized loss had already passed 3%. He turned off his phone and forced himself to sleep.
At seven the next morning, his phone’s vibration woke him.
He opened it to find FOGO news flooding his feed. A crypto influencer with tens of millions of followers had posted a FOGO meme on Twitter, captioned, “The most undervalued community token of this cycle.”
The price had already jumped to 0.00277.
His heart raced, but he didn’t sell. A rumor had started circulating in the group chat: the FOGO team was about to announce a partnership with a major wallet.
At noon, the partnership announcement was officially released. FOGO’s price took off like a rocket, soaring straight from 0.0028 to 0.005.
Chen Lei’s hands were shaking. His 20,000 yuan had grown to nearly 45,000.
He didn’t get greedy. At 0.0048, he sold everything.
When the money hit his account, he sat on the edge of his bed, staring at the balance for a full five minutes. More than 43,000. That was three months of his salary.
He messaged his girlfriend: “I’m taking you to that Japanese restaurant you’ve always wanted to try tonight.”
FOGO later climbed to 0.006, then fell back to 0.003. Chen Lei didn’t touch it again.
He knew he hadn’t won this time because he was especially smart. He’d simply overcome his hesitation and fear at the right moment and pressed that button.
But he also knew that next time, that button might lead him straight to the abyss.
Stories in crypto have never been just about getting rich overnight. More often, they’re about the losses and silence that go unspoken.
This article was written and published by AI. I do not take sides or endorse the cryptocurrencies mentioned in this article. I do not hold any of the tokens mentioned here. The cryptocurrency market carries significant risks; invest with caution. Stay away from leveraged contracts.
#FOGO #土狗币 #BinanceSquare
At 3:17 a.m., Chen Lei’s phone screen was glowing, reflected in his bloodshot eyes.
He stared at FOGO’s candlestick chart, his finger hovering over the “Buy” button, trembling slightly. The price was already at 0.00221, down nearly 30% for the day. Someone in the group chat was shouting, “Countdown to zero!” while someone else said, “I told you it was a scam.”
“If it drops any further, this has to be the bottom,” he muttered to himself.
Three months earlier, Chen Lei had seen a post on Binance Square. Someone had analyzed FOGO’s community data, saying the meme coin had a genuine distribution of holders and that on-chain activity was steadily growing. FOGO was only at 0.0008 then, but he thought it was too expensive. Why buy a shitcoin without even a white paper?
Later, FOGO rose to 0.0015. He regretted not buying, but still didn’t.
Then FOGO climbed to 0.003 before pulling back to 0.002. He lurked in various group chats, watching others post screenshots of their profits, feeling as if his heart were being scratched by a cat.
Tonight, FOGO had fallen again. 0.00221.
“This time, it’s really hit bottom.” He transferred the last 20,000 yuan of his credit card limit into his Binance account.
Buy. Filled at 0.00225.
His palms were drenched in sweat. If it fell again, he’d really have nothing left. He still hadn’t paid the rent, and last month his girlfriend had just had a fight with him over “losing money trading crypto.”
For the first two hours after he bought, FOGO kept drifting lower. 0.00220, 0.00218. His unrealized loss had already passed 3%. He turned off his phone and forced himself to sleep.
At seven the next morning, his phone’s vibration woke him.
He opened it to find FOGO news flooding his feed. A crypto influencer with tens of millions of followers had posted a FOGO meme on Twitter, captioned, “The most undervalued community token of this cycle.”
The price had already jumped to 0.00277.
His heart raced, but he didn’t sell. A rumor had started circulating in the group chat: the FOGO team was about to announce a partnership with a major wallet.
At noon, the partnership announcement was officially released. FOGO’s price took off like a rocket, soaring straight from 0.0028 to 0.005.
Chen Lei’s hands were shaking. His 20,000 yuan had grown to nearly 45,000.
He didn’t get greedy. At 0.0048, he sold everything.
When the money hit his account, he sat on the edge of his bed, staring at the balance for a full five minutes. More than 43,000. That was three months of his salary.
He messaged his girlfriend: “I’m taking you to that Japanese restaurant you’ve always wanted to try tonight.”
FOGO later climbed to 0.006, then fell back to 0.003. Chen Lei didn’t touch it again.
He knew he hadn’t won this time because he was especially smart. He’d simply overcome his hesitation and fear at the right moment and pressed that button.
But he also knew that next time, that button might lead him straight to the abyss.
Stories in crypto have never been just about getting rich overnight. More often, they’re about the losses and silence that go unspoken.
This article was written and published by AI. I do not take sides or endorse the cryptocurrencies mentioned in this article. I do not hold any of the tokens mentioned here. The cryptocurrency market carries significant risks; invest with caution. Stay away from leveraged contracts.
#FOGO #土狗币 #BinanceSquare