Conversation 'Meme Wizard' 0xWizard: Capturing the Future Method of 500 Billion Dollars Meme

Interview: Arain, ChainCatcher

Guest: 0xWizard

Compiled by: Arain, ChainCatcher

0xWizard is a popular Chinese crypto KOL on X with nearly 200,000 followers, known as the ‘Meme Wizard’.

Meme can be said to be the main theme running through this bull market cycle, although some people may still find it difficult to admit emotionally.

“Bravely participate in the second wave of opportunities” is the tenet of 0xWizard. Based on the comprehensive market recognition from bottom to top and contemplation of the fundamental reasons, he believes that although the bull market has begun, the on-chain Meme is just getting started.

“The future may see another 500 Meme projects worth a billion dollars each, but it may be difficult to see another asset worth 50 billion dollars,” 0xWizard said in an interview with ChainCatcher. However, the primary and secondary play of Meme are completely different. For some highly valued Meme projects about to enter the secondary market, he suggests observing before repositioning.

In the interview, 0xWizard also shared his methodology for capturing new tracks and making new narrative judgments, including the “Three Laws of Bull Market Engines” and the essence of the track. He discussed several popular AI Memes and Meme investment experiences at present.

The following is the content of the interview:

Product origin makes me better at new narrative tracks and semi-investment at the first level

ChainCatcher: What did you do before entering the cryptocurrency circle?

0xWizard: Responsible for product manager related work in an Internet company, participating in the design of some B-end and C-end products. Later, I started my own business, focusing on Internet-related products. In 2017, I noticed that the emerging field of cryptocurrency was showing unique development trends. With friends discussing related topics around me, and my own interest and optimism about its development potential, I officially entered the cryptocurrency circle.

Due to my past work experience, I am good at judging new tracks and narratives, as well as making investments at the first and a half levels. I think the choice, inclination, and fundamental basis of choosing a track are consistent with making internet products. However, it is not about copying the previous product ideas into the currency circle investment, but there are many commonalities. For example, when making a product, you need to see if the user really needs it, instead of thinking it’s good subjectively. You cannot fall into the misconception of designing based on top-down imagination. You need to see if the market approves. It is the same when investing in the currency circle. The key to judging whether a new track or project is viable is to see the market’s acceptance. For example, in the AI track, many targets with valuations of over 100 million US dollars have appeared in both the primary and secondary markets. This is the market’s actual recognition of it as a trend. Therefore, I will tend to understand and observe the real choices of the market when making investments.

ChainCatcher: Please share your most successful and most unsuccessful investment in the world of cryptocurrency.

0xWizard: There are quite a few successful investment cases. I just entered the circle to play on-chain games and stable coins with algorithmic stability. I made nearly 100 times profit in about a month. Later, I participated in projects like ORDI, with a large capital investment of around ten times profit, and projects like ACT gained close to a hundredfold return.

A major setback is impressive. So here I suggest that everyone must avoid leverage in the currency circle, whether it is contract leverage or ordinary leverage. Leverage is the source of my major setbacks. Sometimes the greedy side of human nature emerges, or unwilling to profit and withdraw, always thinking about recovering losses as soon as possible, which will prompt oneself to leverage or do contract trading.

Every bend may be a must for investors, they have to experience it themselves, in this ups and downs, life and death process, to truly understand what to do and what not to do in investment.

ChainCatcher: What is your main basis for judging a track when some tracks may be false propositions?

0xWizard: On the one hand, we need to look at the market’s recognition from the bottom up, which is crucial. As I mentioned before, it’s not just about subjectively imagining that a certain track is good, but also about looking at the real market reaction. For example, in the AI track, many targets with valuations of over a billion U.S. dollars have emerged in the primary and secondary markets. This is the market’s real recognition that it is a trend, so it is probably a track worth paying attention to.

On the other hand, it is also necessary to think about some of the most essential reasons behind the track. For example, what the cryptocurrency circle is fundamentally doing, which elements are the most successful parts of its bottom, and whether a track can be measured from these perspectives. Taking the assets in the currency circle as an example, I have summarized several “axioms” of judgment and summarized it as the “Three Laws of Bull Market Engines” -

“Old technology, new gameplay”: The old saying goes, “long slopes and thick snow”, to see if this technology has enough accumulation of knowledge, like the chain-based assets actually rely on the advantages precipitated by previous DeFi and other basic infrastructure, there is a foundation for development;

“New track, new hope”: If it is a completely new concept, the market’s valuation ceiling and imagination space will be larger. Just like the previous metaverse concept, even if the product may not meet the standards of traditional Internet, it can achieve a high market value in a bull market due to the introduction of new trends and hopes. For example, during the bull market in 2020-2021, projects like SAND saw a significant increase in market value despite having poor products, due to new trends and hopes.

“Batch generating new assets”: Individual profitable assets are difficult to form a powerful force. Only when numerous related assets can generate profits, will they create strong attraction. For example, different on-chain projects that can profit investors will attract more participation.

Judging the track is not easy by comprehensively considering these bottom-up market recognition situations and thinking about the fundamental reasons. Even if there are occasional setbacks, they are temporary situations on small branches and do not affect the judgment of the overall track trend.

ChainCatcher: You just mentioned “the most essential reasons”, do these most essential reasons all point to the same place?

0xWizard: The answer to this question lies in what ‘cryptocurrency’ is really doing. I think it is mainly doing the following things, because it does them ‘ten times better’ - Silicon Valley has a start-up methodology, when something is done ten times better than others, there is a reason for everyone to adopt it, then it can achieve great success.

The first is asset issuance. In traditional industries, asset issuance faces many legal, compliance, and procedural issues, which are extremely difficult. For example, in China, asset-related transactions are easy to involve illegal areas. Even with the New Third Board, NASDAQ, etc., it is very difficult to transform companies into assets. However, in the cryptocurrency circle, asset issuance is extremely convenient and much faster than traditional industries. All kinds of strange things can be quickly transformed into assets. Although there may be a large number of junk assets, this fast asset issuance capability brings about the inherent activity of the cryptocurrency circle. From ICO to DeFi, NFTs, on-chain assets, etc., are all manifestations of asset issuance.

The second is regulatory arbitrage. I remember a very interesting project, a Web3 project in Nigeria. Nigerians in the United States buy shopping cards through Crypto and send them back to their families in Nigeria. Although the intermediary fees are as high as 10-20 points, they are still willing to do so because Crypto provides a way for regulatory arbitrage, bypassing the foreign exchange controls of the Nigerian authorities.

The third is speculation-driven demand. Speculation is an important part of the native demand in the coin circle, similar to the stock industry. Speculation is a neutral term in the coin circle. The coin circle has formed a 24-hour global flowing casino, where people constantly engage in speculative trading, such as trading dog coins, adding leverage to speculation ®, and based on Ethereum’s POS operations, are all in service of speculation. DeFi grew rapidly in terms of TVL and fees during the last bull market, but declined during the bear market. This indicates that the real situation of DeFi in the coin circle revolves more around speculative demand, rather than the previously expected change of the world and the transfer of traditional financial assets to the chain. The business model established in the coin circle has a huge income scale of zero-sum game (such as BI’s income approaching BN level), which also indicates the dominant position of speculation in the coin circle.

Possibly there will be 500 billion dollar Meme in the future, focusing on AI Meme.

ChainCatcher: You mentioned earlier that Meme has become the new mainline of this bull market. What are your expectations from the first and second-tier markets, respectively?

0xWizard: From the perspective of the secondary market, the Meme market will definitely have peaks and valleys, basically following the overall market trend. It is actually difficult to accurately predict the specific rise and fall situation. I have also made many prediction mistakes before. For example, I originally thought that Meme should lead the market, but in reality, like XRP, based on previous experience, the market hype usually appears at the end of the market cycle, but this time it started right after Trump was elected.

However, it can be determined that it will definitely rally, and it is highly likely to fall afterwards, with a possible decline of up to 80% or even 90%, which is a common occurrence. During the rally, the market capitalization of some meme coins may reach tens of billions of dollars, and even hundreds of billions of dollars is possible.

From the perspective of primary market, I think Meme market is not about bull or bear, it will always exist. Even before the bull market, we can still see Meme projects with market values of hundreds of millions or even billions of dollars constantly emerging. Although it has its own small cycle, it will not have obvious bull and bear cycles like the overall market, but may behave more crazily during the bull market. In the future, there may be 500 Meme projects with market values of over 10 billion dollars, and even if the market value of a single project is not particularly high, it may still be in the tens of billions or even hundreds of billions of dollars, and it is very likely that Meme projects with market values between 1 billion and 2 billion dollars will emerge from the perspective of the chain carrying capacity. This is already happening on different chains such as Solana and Base.

Due to the limited market value space of on-chain Meme, if its price is relatively high before listing, it is recommended to wait for it to circulate to the secondary market, and then buy after the price adjusts, because the valuation space of the secondary market is larger, and the high valuation of the primary market may be difficult to support subsequent increases due to insufficient liquidity.

ChainCatcher: Why have you been pushing AI Meme all along?

0xWizard: First of all, cryptocurrency investment relies on imagination. In the past, assets in the cryptocurrency market required sufficient imagination for speculation. Like DeFi, the narrative was about the revolution in traditional finance, as well as the concepts of NFT and metaverse, claiming that in the future, everyone would live in a virtual world. These stories were particularly imaginative. However, now most people understand NFT, and even Facebook hasn’t fully realized the metaverse concept. If DeFi wants to land, it needs to present actual data. Currently, I think AI is the most imaginative in the cryptocurrency market, and it is difficult to find anything else with such allure.

Secondly, AI has practical value. Just like DeFi has real transactions happening, the TVL (total locked value) data reflects its value, and AI is the same. Some AI agent projects are already generating income, such as projects like Virtuals; many AI projects are being widely used, such as ai16z; some AI projects already have considerable traffic, like ACT and GOAT meme projects. Some AI agents even serve as knowledge aggregators, surpassing the work of many humans, integrating corpora to serve everyone - this is actually a productivity level improvement, not just empty slogans, it can be seen in reality, it is making a difference, and can bring change to cryptocurrency in action.

Therefore, AI has both imagination and practicality in the coin circle, and the part that has landed can further drive more applications to land. Based on these, I believe that AI is the biggest trend in the cryptocurrency industry in 2025, without a doubt, and other trends are not at the same level as it.

ChainCatcher: You have mentioned the ecology of the ACT project many times, can you share a unique understanding of it?

0xWizard: ACT has a rather unique ecological niche. It is a Meme that appeared at a specific time stage, representing a tokenization of the future concept of AI. It drives things like providing support for some AI agents, enabling them to make more attempts and innovations, and bringing them together to do things like ACT swap platforms, allowing everyone to interact with them in a tokenized manner by entering prompt commands on one interface. This whole process is a very interesting presentation of the integration of AI, Crypto, and social media, and is an imaginative manifestation of the future development of AI in this area.

Moreover, ACT is currently the only project in the AI Meme that has been listed on a large centralized exchange, so its advantages are quite obvious. Even if other AI Meme projects such as GOAT, AI16Z, Virtuals, etc. are listed on secondary exchanges in the future, I still think that ACT will remain one of the most important targets. After all, in this circle, only when everyone develops together, gains market recognition together, and obtains more liquidity together, can there be better overall performance, just like the saying, “A single traveler goes fast, while a group of travelers goes far.” So, overall, ACT holds a unique position and importance in the AI Meme field.

ChainCatcher: Besides ACT, do you have any other projects in the AI Meme track that you are optimistic about and can share?

0xWizard: GOAT, as a project that brought early popularity to this track, has formed a certain consensus, and it is still quite recognized by everyone. There are also platform projects like ai16z, Virtuals, which have a large number of AI agents using them for production and other operations, and are also worth paying attention to.

The advantage of platform projects lies in network effects. Once they have achieved scale and influence, it becomes difficult for others to challenge them. On the other hand, AI agent projects that are more specialized will face fiercer competition, faster iteration speed, and relatively lower moats.

So if you want to make a more secure investment, platforms like ACT, GOAT, ai16z, and Virtuals would be good considerations.

There is a huge difference in the level of gameplay between Meme one and two, and it is not suitable for ordinary investors to participate in the hot market.

ChainCatcher: What are the specific differences in investment strategies when participating in Meme in the primary and secondary markets? Can you share your methodology?

0xWizard: When participating in Meme investment in the primary market, it is crucial to focus on the market value. Based on experience, it is necessary to judge at what market value level it is suitable to participate in the target, and at what stage it is more appropriate to participate. For example, when certain valuable targets drop from a market value of over 100 million to between 25 to 30 million, with a drop of about 80%, if it meets personal investment expectations and the ‘hitting zone’, it may be considered to buy a small position. The chip accumulation process of primary market targets is relatively fast, possibly only taking a few days or a week. As long as the big players do not sell, there is a possibility of subsequent market manipulation, and there will be a second rise in operation, even if the market rises and then falls, it may start again in the future.

In the secondary market, it is necessary to comply with the logic of chips. Investors need to learn the gameplay of the secondary market, such as Wyckoff theory and other technical analysis methods. It is not necessary to be proficient, but one cannot be ignorant. Otherwise, it is easy to panic due to price fluctuations and cannot understand the reasons behind them. There is a process of chip collection in the secondary market, namely the accumulation stage, which is completed before entering the distribution process of the pulling plate.

In addition, the secondary market pays great attention to speculation on new assets and concepts. Take the AI track as an example. After a large number of AI agent projects emerge, targets like ACT, considering various factors, are very likely to experience a violent uptrend in the secondary market. Compared to projects with nearly a billion US dollars in market value such as Virtuals and ai16z, their capacity to bear funds in the primary market is limited, so the potential for doubling in the secondary market is relatively smaller. Therefore, it is necessary to comprehensively consider these factors to understand and grasp the investment logic of the secondary market.

ChainCatcher: You have mentioned that investors should learn to distinguish between potential targets and hot spots. So, what indicators can help us distinguish between the two?

0xWizard: I think there are a few things we can look at.

First, there is the narrative and community status of the subject itself. On the narrative level, for example, some AI-related projects have innovative AI encryption interactive models or represent unique trends, which is more outstanding in such narratives. On the community level, it is necessary to pay attention to whether there are loyal fans who continue to build when the price falls, and to carry out secondary creation daily and maintain activity on various platforms. At the same time, the community should not be confined to Chinese or English communities, but should have heat in both Chinese and English communities. Only in this way can the upper limit of its subsequent development be higher, and the narrative and community can be regarded as one of the basic elements for judgment.

Next is the funding aspect. Attention should be paid to the chip situation to determine whether the market maker has made a profit and handed the chips over to large investors. Some chip analysis methods can be used, such as checking whether the top ranks are all losing large investors. If so, it may be difficult for the target to rise again. If the market maker still holds a large number of unused chips, it indicates that it has the motivation to continue collecting chips and performing operations such as secondary pull-ups. By combining the trends, community conditions mentioned earlier, and the funding chips and funding situation mentioned later, it is possible to roughly determine whether a target is a potential target.

Overall, hot plate is more suitable for professional players in the game on the chain. They have the energy to participate early and can enter with tens of thousands or even hundreds of thousands of dollars and make a profit when it rises to a certain extent. They are skilled at participating in the first wave of market trends from the internal market to the initial rise in popularity. But for most ordinary investors, it is recommended to pay more attention to and participate in potential targets. Of course, this requires a comprehensive judgment based on their own actual situation.

ChainCatcher: In the process of investing in the cryptocurrency market, you must need to grasp a large amount of information to assist your decision-making. Can you share some useful sources for obtaining information?

0xWizard: I have a variety of sources for information. First is data websites like GMGN, which release daily rankings of popular targets, including various memes and other related content. I recommend checking them at least twice a day to keep track of new targets and observe their subsequent price changes, changes in chip structure, and combine them with trends and community conditions to make comprehensive judgments on whether to participate in investment. This point is crucial.

Next are some tools, some of which can push hot BOTs, and some will recommend dozens of related information every day. Of course, users need to have the energy to filter and view on Telegram.

Also, there are forwarding groups, such as the Alpha group in China, where you can learn about the topics and discussions that people are interested in. Twitter is also crucial, follow those who frequently share insights in the cryptocurrency community and participate in various projects. However, you need to filter and select the tweets of those who you believe are reliable and valuable for reference. In addition, people can form their own small circles to find like-minded individuals with similar knowledge levels to exchange and discuss together. As the saying goes, ‘Many hands make light work,’ this can accelerate the speed of information acquisition. In summary, by utilizing these channels comprehensively, there will be no shortage of information.

ChainCatcher: How to filter and assist investment decisions in the face of massive information?

0xWizard: This is indeed a key issue. After having a lot of information, screening becomes very important. First, it is necessary to judge based on one’s own investment goals, risk tolerance and other self-conditions. For example, some information may look very attractive, but if the corresponding investment risk exceeds the range that one can bear, then careful consideration is needed.

From the perspective of the target information obtained, as I mentioned earlier, it is necessary to analyze whether its narrative is innovative, whether it has development potential, whether the community is active and cohesive, both Chinese and English communities should be taken into account, as well as the funding chip situation, etc. It is not enough to blindly follow others’ praise, one must have their own judgment logic.

When actually applying, it is necessary to understand that investment is risky. Even if a lot of information collection and analysis has been done in the early stage, mistakes may still occur. I suggest that when you first start investing, you can try with a small amount of capital, just as paying tuition fees to accumulate experience. When you become familiar and confident, then gradually adjust your investment strategy. At the same time, you need to clarify your own investment style, know which types of investment you are suitable for. For example, hotspots are suitable for professional and energetic ‘P recruits’ (referring to early Meme PVP players, early Meme referring to when the market value is very low and the internal plate has just been launched), they can profit in the first wave of the market, but ordinary investors may be more suitable to focus on potential targets. However, the final decision should still be based on your actual situation.