Then there are the KOLs who spend their time researching every blockchain, hunting for “blue gems” with low market caps, hoping to hit the next 100x, 200x, or even 500x play.

Here’s the reality: the vast majority probably around 80% are simply paid by projects to promote them (“shill” them). The remaining 20% genuinely try to find promising projects early. Some of those projects go to zero, while others deliver big returns 100x, 200x, even 500x.

But this whole sector is basically a gambler’s playground. If you’ve got $1,000 to your name, this is not the place for you. What usually happens is this: you throw $100 into one project, $200 into another, and so on, until you’ve spread your money across five different tokens. Four of them crash to -90%, and one pumps 20x. But because no one tells you when to take profits, you hold too long, and it crashes back to break-even or worse, to zero.

Meanwhile, after you’ve lost it all, the KOL finally stumbles upon a true “blue gem” that does a 500x run.