#代币资产发行与投资 Seeing this case is a bit ironic. Investing 4 million into Dogecoin turned into 27 million; such returns would make it onto the leaderboard on any exchange. Yet, in the end, the person ended up in prison due to reckless spending—this shows that making money and safeguarding money are truly two different things.

From a copy-trading perspective, this story serves as a reminder: high-yield accounts are not necessarily worth full allocation. I’ve always emphasized position management because account capacity, risk appetite, and psychological resilience are all dynamically changing. Someone who can use borrowed money to chase high returns doesn’t necessarily have the ability to manage large funds rationally. Many traders on exchanges who appear aggressive and boast astonishing returns are often trading with a mindset of "not their own money"—for such accounts, I would choose to follow with a low proportion or simply pass.

The truly noteworthy traders are those who can maintain discipline to cut losses after significant drawdowns and won’t change their strategy just because of unrealized gains. That is the long-term, replicable skill. This case serves as a negative example, reminding me to look deeper when choosing copy-trading partners—not just their historical returns, but also to assess the nature of the funds behind the account and the trader’s risk philosophy.