HongKongDoll: The journey from NFT Azuki to the crypto wallet disaster to zero

You may not believe it, but behind the alluring mask of one of the most famous figures on adult content platforms is a seasoned Web3 player. HongKongDoll is not just a creator, but also a cryptocurrency investor with a significant trading history - from shining moments to valuable lessons about market risks.

Her journey in the cryptocurrency world is a typical story of the uncertainty of the crypto market - full of volatility, opportunities, and hidden dangers beneath the surface.

HongKongDoll steps into the NFT world with the Azuki project

HongKongDoll’s relationship with cryptocurrency began in early 2022, around the time when the NFT market was at an unprecedented high. A tweet announcing she had purchased a large quantity of Azuki - a “blue-chip” NFT project in the community - quickly attracted the attention of the crypto world.

HongKongDoll’s emergence in the NFT space caused a stir in the cryptocurrency community. With her mysterious image and unique charm, she became a symbol of the intersection between the adult content world and crypto investment - a rare combination.

Her strategy yielded surprising results. The price of Azuki skyrocketed from an initial level of 3 ETH to 30 ETH in the spring of 2022 - a tenfold increase. HongKongDoll shared that the profits from Azuki helped her offset previous losses, even though her initial investment cost was up to $400,000. At that time, she seemed to have found the formula for success in the NFT world.

The ETH short-selling campaign: From the $100 million legend to controversy

Success with Azuki did not make HongKongDoll stop. She continued to engage in other trades, including a short-selling campaign on ETH that was said to be quite bold.

According to information shared on X (formerly Twitter), HongKongDoll executed a 50x short position on ETH at a price of $2,836. By mid-June 2022, when the price of ETH collapsed to nearly $1,000, many believed she had made massive profits from this trade - with the rumored figure being around $100 million.

This legend quickly spread throughout the crypto community. Some openly claimed that HongKongDoll had achieved “financial freedom” through this trade. However, as the discussions became increasingly exaggerated, HongKongDoll decided to speak out to clarify.

She explained that the short position was primarily intended to protect her current holdings, not to maximize profits as the outside world imagined. This clarification did not entirely erase doubts, but it allowed HongKongDoll to continue participating in discussions about new trends in crypto.

HongKongDoll’s time on the Web3 playground

After the controversies, HongKongDoll remained actively involved in the cryptocurrency space. She appeared in discussions on hot topics such as BRC-20, Friend.Tech, and major market events. Her presence demonstrated a long-term commitment to the Web3 world, beyond short-term scandals.

HongKongDoll continued to tweet, share insights, and engage with the community - typical activities of any crypto figure.

The shock: HongKongDoll’s wallet returns to 0

Everything seemed stable until, in November 2023, HongKongDoll posted a tweet that shook the market: her cryptocurrency wallet had basically returned to 0.

This news shocked the community. Some speculated that her positions might have been liquidated due to market fluctuations. Others immediately rallied around her, suggesting that the wallet might have been hacked. The crypto community, which once discussed her “massive profits,” quickly shifted to “comfort mode.”

HongKongDoll herself shared in a Friend.Tech group that “the actual situation is a bit complicated,” not fully disclosing the details. This ambiguity led many to continue speculating about what really happened.

Beyond cryptocurrency: The next plan

Concerned fans of HongKongDoll need not be too distraught. She shared that her income from OnlyFans is still functioning as a relentless “money machine.” Regardless of what happens to her crypto investments, her primary source of finances remains intact.

In fact, HongKongDoll even set up an online poll about the possibility of relaunching an adult content website starting with a P - a site that once dominated the charts and had over 191 million visits. The difficulties in the crypto market do not necessarily seem to mark the end of HongKongDoll’s story.

HongKongDoll’s journey - from shining days with Azuki NFTs, through the controversial ETH short sale, to the tragedy of a wallet returning to 0 - serves as a vivid lesson about the volatility of the cryptocurrency market: where massive profits can exist alongside equivalent risks.