The first time I bought meme coins in 2017 was because I was holding an annual meeting at an Internet company, and HR proposed to use virtual currency as one of the prizes for the employee lottery game. I found a link from a seller in the Babbitt forum, jumped to a platform and bought 1,500 yuan of Dogecoin as a lottery prize (more than 20 million yuan at the ATH price) at that time (doge was said to be a tip for reward).

At that time, most people did not have encrypted wallets, so they could only print the private key on a small piece of paper and put it in the lottery box for everyone to draw. It's still very funny when I think about it now. In the bull market in 2021, Elon Musk began to call for Dogecoin, which caused the price of the currency to soar a thousand times. I was heartbroken because I didn't hold on to the Dogecoin I bought early, and I couldn't understand why so many people asked me how to buy Dogecoin. At that time, the logic was still in the so-called new world of web3. Crypto must be able to solve certain problems to have value and reason to exist. Friends who came to ask were advised not to buy this worthless meme coin. The prejudice against meme coins caused me to ignore the most important point: consensus is value, existence is reasonable! When the time came to April 2023, the frog meme coin $PEPE broke through 1 billion US dollars in a very short time, and was soon listed on major first-tier exchanges, which once again set off a huge meme coin FOMO wave.