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Re:Ask HN: Did you 'invest' in NFTs or memecoins? by kypro on Friday October 16, 2026 @07:51AM (#50117258)
> 5 years ago there was a lot of talk, even on here, of getting rich from NFTs and memecoins, discussing airdrops etc. Bored Ape Yacht Club and the like.

Please remember 95% were never actually rich. They simply had a number in an account go to a high number temporarily before crashing down. Very, very few would have cashed out at or near the top.

Some of the reason the memecoin thing happened was a dangerous illusion of wealth caused by a misunderstanding that unrealised paper gains are almost completely incomparable to realised gains in a liquid and secure asset.

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