The stage of the crypto world has been completely taken over by a group of post-00s ruthless players. The youngest among them is only 20 years old, and each one is a well-known figure in the industry, with assets often reaching hundreds of millions.

Speaking of Liang Xi, who is 20, most insiders know him well. This guy showed talent early on in the gaming industry—at 15, he won the Hebei regional championship in Honor of Kings. After switching to crypto trading, he became even more impressive, daring to use 100x leverage against Bitcoin at 18, turning 2,000 yuan into 40 million in a month. On February 25th this year, he posted a screenshot on social media showing he made 1.1 million USDT in half an hour by shorting Ethereum. To this day, he frequently shares market predictions, and his comments are full of people wanting to follow him.

Zohar from Fuzhou entered this scene even earlier. During high school, he used 3,000 yuan of pocket money to trade Bitcoin, eventually losing it all. After entering university, he dropped out and shifted his focus to NFTs. With his sharp intuition, his daily trading profits can multiply dozens of times. Zohar’s current identity is quite complex—he is both a co-founder of an art DAO and a seasoned Web3 investor.

These young tycoons also share a common trait: they come from well-off families. Meepo from Meizhou started mining Bitcoin with his family’s old computer in middle school, and later his parents bought him professional mining rigs. Xiao Yu from Loudi invested his entire 10,000 yuan scholarship into a celebrity-related coin, lost it all in half an hour, but remained calm, only saying, "My family still has two拆迁房 (demolition houses)." Zhang Qiang from Ganzhou focuses on various celebrity coins; after a leveraged trade lost 7,200 yuan, he said, "My dad’s factory makes enough profit in a month for me to do this ten times."

But the flip side of high returns is bottomless risk. In 2022, post-00 college student Yang Qichao issued his own token, BFF Coin, which withdrew liquidity in just 24 seconds, causing investors to be trapped instantly, with total losses of 50,000 USDT. In February this year, a court in Henan handed down a verdict—four and a half years in prison. This is the first domestic case where someone was sentenced for withdrawing liquidity.

Based on current market conditions, these post-00s hold thousands of Bitcoins, with assets roughly estimated at at least 230 million yuan. They are stirring up a wave in the crypto scene belonging to the younger generation, but within this wave lie both opportunities and traps.