0xSun reviews the journey of NFTs to memes in the crypto world, are the pros writing memoirs a sign of a bear market?

KOL 0xSun made a name for himself at the beginning of the year with the Trump coin, but he was already a well-known player during the NFT era, famous for profiting through verified addresses. Recently, after reading the memoir of French KOL CBB, he also shared his journey in the crypto world.

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Entering the crypto world: Enlightenment from HTMoon to Pig coin

0xSun first encountered cryptocurrency in 2021 during his first year of research, downloading a wallet after hearing about the popularity of “HTMoon” and investing 1500 RMB to buy HTMoon and Pig coin. In just a few days, his assets multiplied several dozen times, leading him to mistakenly believe he was a “trading genius,” and he thus plunged headlong into the crypto world. However, the subsequent blind chasing of trends and frequent coin swapping quickly brought him a harsh reality check. The market cannot rely on luck for long-term profits.

The Era of Dirt Dogs: Finding Advantages in Chaos

Fortunately, he was exposed to decentralized wallets and DEX from the very beginning, thus standing at the forefront of the on-chain ecosystem early on. Through researching meme coins on BSC, he met a mentor in a certain TG group, learned how to find early projects and identify quality, and also realized that to make money in the crypto world, one must have their own advantages.

At that time, the on-chain environment was still in its early stages, the market was immature but full of opportunities. Just by sending transaction data a few seconds in advance, one could seize coin types with multiple opening returns. He recalled, “The environment back then could be called a fool's paradise; just putting in a little more effort could put you ahead of many people.” Unlike now, where you have to compete with many script-writing scientists.

The Rise of NFTs: From Lazy Lions to My First Million

The NFT craze brought a leap to his asset curve. The first NFT purchased by 0xSun was Lazy Lions, which saw its floor price multiply tenfold in just one month. With the dual benefits of BSC meme coins and NFTs, he rolled his tens of thousands of capital into his first million between June and October 2021. However, the good times didn't last long; in November, the market took a sharp downturn, the BSC meme coin craze faded, and he shifted his focus to the NFT community, embarking on a more systematic phase of NFT investment.

In early 2022, NFTs entered the whitelist mode, where players needed to complete tasks and interact on Discord to gain whitelist eligibility. Despite fierce competition, 0xSun frequently won the lottery with 20 accounts, with a single whitelist profit reaching tens of thousands of RMB. He purchased the blue-chip NFT “Doodles” and established long-term connections within the community. However, he also keenly sensed that a bubble was forming. The studio monopolized the whitelist, the secondary market was diluted, prices continued to rise, and profits gradually shrank. The decline of each track's bonuses followed this pattern.

0xSun Deeply Understand Smart Contracts and Set Up Nodes

With the NFT market shifting to a direct Mint model, 0xSun focuses on the on-chain primary market. It only takes three steps to separate investment from speculation: obtaining information, making judgments, and executing correctly. With the first two steps already mastered, he uses tools to refine the execution aspect. He begins to study smart contracts, learn to use various purchasing bots like Mintech, MetaSniper, Thunder(, and even set up nodes to achieve zero-block Mint.

During this period, his representative achievement was “Doge Club”: successfully predicting the public sale logic, acquiring 2000 NFTs, and ultimately profiting over 100 ETH, marking a milestone in his early NFT investments. He pointed out that at that time the NFT market, although the profit per transaction was not high, had limited risks and an excellent profit-loss ratio, making it very suitable for small investors to accumulate capital.

From the Chinese crypto world Bot to the NFT era

The NFT craze has simultaneously given rise to automated trading tools. Originating from its community, Abot was the first to integrate monitoring + dashboard + trading functions in the Chinese circle, quickly sweeping the market. Even today, many trading bots still use its framework.

In May 2022, the Bored Ape )BAYC( launched Otherside land. 0xSun sold most of the land obtained from the Mint and bought the first BAYC for 160 ETH, which was a 130-fold increase compared to when he first saw the monkey image. At that time, the NFT market was unprecedentedly hot, with celebrities and listed companies entering one after another. However, this feast also foreshadowed an end. Only a very few people realized that this glamorous performance marked the decline of the NFT narrative. A year later, the market focus shifted to Meme coins, and he was also preparing to start a new chapter.

In this article, 0xSun reviews the journey of NFTs to memes in the crypto world. Are the big shots writing memoirs a sign of a bear market? It first appeared in Chain News ABMedia.