As early as 2016, Jiang Zhuoer published an article saying that 4,000 yuan (yes, it was RMB) was the real starting point of the bull market. At the same time, a novice paid to ask Sun Yuchen, who was then known as "Jack Ma's disciple", on Weibo whether to buy Bitcoin. Sun Yuchen's answer was: The price of 6,000 yuan is not cost-effective, and it is not recommended to buy.

Time soon came to May 2017, when the price of Bitcoin rushed to about 18,000 yuan, and the market was hot. Lao Mao's Yunbi.com first released the quantum chain, with an ICO price of about 2 yuan per coin. After the opening, it quickly soared to more than 50 yuan, more than 20 times. This phenomenon triggered the ICO craze of ETH, which is essentially the same as today's MEME craze