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Interestingly, foreign circles especially love to play with abbreviations. For example, CTO (Cat Take Over), FOMO (Fear Of Missing Out), these words have spawned countless variants.
In fact, China has had this kind of thing for a long time—Chinese idioms. Jiang Taigong fishing, volunteers get hooked. Very classic.
In the crypto world, these memes have been localized. Now everyone is saying: Zhao Chengpeng fishing, volunteers get hooked. The sparks created by cultural collision are quite interesting.