I have found that the people playing with web3 are getting younger and younger. Many college students, and even those who haven't graduated, have all entered the crypto circle. In the Web3 field, for many young people, it was once synonymous with transcending classes and achieving financial freedom. During the previous rare bull market, DeFi was booming, NFTs skyrocketed, and airdrops were a windfall. 'Getting rich' and 'freedom' echoed in the ears of all young people in the crypto circle, creating many legendary stories, and a wealth guide for the post-00s has emerged. Before this, the legends in this field were already remarkable, and even now, the advice given to young people by a media founder in 2011 to all-in with 6,000 yuan in BTC, and the tale of a certain 'Second Master' trading coins from butcher to millionaire are still widely circulated in the industry as golden examples, attracting many young dreamers to enter the circle and mine wealth. However, due to global inflation, industry cycles, regulatory pressures, and various influences, the beautiful stories in the Web3 field seem to have come to an end in last year's bear market filled with lamentations. The collapse of Terra and FTX has left young people alarmed, investment and financing have plummeted, and well-known institutions have laid off over 2,000 people. Amidst various black swan events, some young people are also considering leaving this bizarre circle. In this regard, I contacted several young people who have left the Web3 circle. Among them, some made money and left gracefully, some suffered losses and endured in silence, some left voluntarily, some retreated helplessly, some narrowly escaped during the bull market, while others saw their hopes dashed in the bear market. From the stock market, real estate market to cryptocurrency, in the face of grand narratives, social mobility is continuously decreasing, and each generation will have its own Ponzi scheme. Even though they understand the high risks of cryptocurrency, everyone actively enters the market under the temptation of high profits. After leaving, some have picked up their old professions, determined to settle for life; some are still striving in other risk markets, hoping for high returns; some have mentally exited, yet still cannot hide their attention; but surprisingly, almost everyone expressed no regrets about this experience in conversation. As Web3 matures, under the guidance of rules and the entrance of Wall Street, the chaotic moments of capital-raising are becoming increasingly rare for ordinary people, yet with people coming and going, the scene remains bustling.