From "Goddess Bodhisattva" of Web3 to Collapse: HongKongDoll's ETH Trading Story

Do you know that HongKongDoll is not just a character associated with the adult entertainment industry? In fact, she is a veteran Web3 player with notable cryptocurrency transactions. From huge profits to unexpected losses, HongKongDoll’s investment story reflects the intense volatility of the crypto market.

Unusual in the NFT world: Azuki changes the game

In January 2022, HongKongDoll appeared on X (formerly Twitter) with a post about buying a large amount of Azuki — a promising and well-known NFT project. This move quickly caught the attention of the crypto community. She tweeted “Where is the family?” exciting fans and investors, who believed the community was “approaching a crypto goddess.”

As Azuki continued to heat up, prices skyrocketed. By April, the floor price rose from 3 ETH to 30 ETH, a tenfold increase. HongKongDoll quickly shared her victory on social media, saying she would use the profits from Azuki to cover previous losses. However, the purchase cost at that time had reached $400,000, a significant amount even for experienced investors.

Betting on ETH: From “financial freedom” to rumors

After initial success, HongKongDoll didn’t stop but continued engaging in other trades. She revealed that she had shorted 50 ETH contracts with an starting price of $2,836. This meant she bet on ETH’s price falling — a very bold move at that time.

Analysts later considered this a wise decision when, on June 17, 2022, ETH’s price plummeted to nearly $1,000. From then on, rumors started spreading within the community. Some claimed HongKongDoll made over $100 million from this trade, even saying she achieved “financial freedom.” Comments on X were filled with praise and congratulations.

However, these rumors also caused the crypto community to gradually distance themselves from HongKongDoll. She responded by explaining that those trades were only meant to protect her current portfolio, not to generate the profits the community imagined. She emphasized that the exaggerated figures on social media were not accurate, and she was just trying to hold onto what she had.

Wallet wiped clean: A surprise from her cryptocurrency wallet

But that wasn’t the end of the story. On November 3, HongKongDoll drew attention again by posting a tweet saying her crypto wallet was essentially back to zero. This news stunned the entire crypto community. Some speculated that her futures contract might have been liquidated due to market volatility. Others believed her wallet was hacked or attacked.

The community quickly rallied, with thousands commenting to show concern and support. HongKongDoll later revealed in the Friend.tech group that “the situation is a bit complicated…”, but she didn’t provide further details. This lack of transparency only increased curiosity and concern among followers.

Light at the end of the tunnel

However, followers of HongKongDoll need not worry too much. She publicly disclosed that her income from OnlyFans remains a continuous “money machine.” With over 191 million visits recorded, this platform still provides a steady income.

Additionally, HongKongDoll surveyed her community about the possibility of relaunching adult websites starting with the letter “P” — platforms that once positioned her at the top in the Chinese region. Scandals and volatility still continue, but with her mysterious mask hiding her face, HongKongDoll remains an unpredictable figure in the Web3 world.

HongKongDoll’s story serves as a warning and lesson for those investing in cryptocurrencies, where prosperity can turn into disaster in just a few months. Currently, ETH is at $2,150 (as of now), quite different from the market crisis days of 2022. Nonetheless, her story is far from over.