> 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.