From millions of USD in profit to wallet balance of 0: The Web3 journey of HongKongDoll

HongKongDoll is not only a familiar name on the internet but also an experienced cryptocurrency investor. Her story—from making huge profits on NFT trades to having her wallet reset to zero—has garnered significant attention in the crypto community. This rapid change reflects the potential risks of the digital currency market.

Entering the Azuki NFT World and the First FOMO

Initially, in January 2022, HongKongDoll began her journey into cryptocurrencies as the NFT market was reaching an all-time high. A tweet announcing her large purchase of Azuki— a well-known blue-chip project— drew widespread attention on X (formerly Twitter).

Her appearance in the NFT scene energized the crypto community. As Azuki’s price kept rising, by April 2022, the floor price of this NFT had reached 30 ETH from an initial 3 ETH, a tenfold increase in just a few months. HongKongDoll also shared that profits from Azuki helped offset previous losses, with an initial investment of up to $400,000.

Short Selling ETH and Million-Dollar Rumors

Next, HongKongDoll continued active trading in the crypto market, posting about other projects. Notably, she publicly revealed a short sale of 50 ETH at a set price of $2,836.

On June 17, 2022, ETH’s price plummeted, approaching nearly $1,000. After this trade, rumors spread widely in the community. Many estimated that HongKongDoll made about 100 million VND from this trade, with some even speculating she achieved financial freedom. However, HongKongDoll later clarified that these figures were exaggerated compared to reality.

Challenges and Community Isolation

As rumors of huge profits circulated, the crypto community gradually distanced itself from HongKongDoll. She quickly responded, explaining that her short-selling orders were only meant to protect her current holdings, not to generate profits as people thought.

Despite the controversy, HongKongDoll continued participating in hot topics like Bank of America Thunderstorm, BRC-20, and Friend.Tech. She kept updating her observations and activities on X, demonstrating her ongoing commitment to the field.

Return and Wallet Reset to Zero

On November 3, 2023, HongKongDoll posted a tweet that shocked the entire crypto community: her cryptocurrency wallet was essentially reset to zero. This news drew significant attention and sparked various theories:

Some believe her leveraged contracts may have been liquidated due to market volatility. Others speculate her wallet was hacked and assets lost. The entire crypto community expressed sympathy and sought to understand the situation.

HongKongDoll later revealed in the Friend.Tech group that “the situation is more complicated than usual,” but she did not disclose full details.

Restart and Re-emergence Opportunities

However, followers need not worry too much, as she still earns income from OnlyFans. She shared that the platform continues to operate as a “non-stop machine” and remains a steady revenue source.

More notably, HongKongDoll recently conducted a public poll asking fans about restarting a content website starting with the letter P. This site previously topped ranking lists, was considered the top female figure in Asia, and had up to 191 million visits. It may return soon.

HongKongDoll’s story reflects the reality faced by many young investors in the crypto market—from temporary wins to unexpected losses—but they continue to persevere and seek recovery opportunities.