In early 2025, the crypto market has played out quite a few surreal stories. A prominent political figure issued a token named after himself, which skyrocketed by 600% overnight. Such gains are not uncommon in the industry—pyramid scheme coins often do this. Ironically, after the official took office, the token's price plummeted rapidly, causing over 813,000 wallet holders to lose about $2 billion in just three weeks. Media mockingly commented: "For every $1 in fees earned, investors lose $20."

Crossing the Atlantic to South America, the situation in Argentina is even more outrageous. The local leader promoted the LIBRA token, which crashed over 80% within hours, and the project team ran off with $87 million. It is said that this leader received only $5 million in "kickbacks"—meaning he used less than 6% of the total amount to successfully promote the project.

Did you think that was the end? A certain entrepreneur, who once became an internet sensation for "returning to his country next week," surprisingly also entered the crypto space, with his company successfully raising funds to continue operations. Over the past few years, I’ve seen many ups and downs in this industry, but the series of events in 2025 has once again reshaped my understanding of market chaos. The chain reaction caused by political figures participating in token projects is changing the entire market risk landscape.