"All or Nothing" introduces elements of the cryptocurrency circle and the currency with the same name is gaining popularity

On August 5, the anti-fraud crime film "All or Nothing" was screened, and the pre-sale box office of the film reached 500 million in just two days. The "Kotai Coin" that appeared in the movie was also launched by many cryptocurrency projects, and they tried to develop it into the next "Dogeking" and "SQUID".

Since "All or Nothing" is officially released on August 8, and given its hot pre-sale box office, FOMO sentiment began to spread, and many members of the crypto community said they had rushed into this meme coin.

Although the movie contains many elements of the cryptocurrency circle, the theme is to be vigilant against online financial fraud. As a local dog project with the same name, these newly emerged "Kotai coins" themselves belong to the category of "air coins" mentioned in the movie. However, many people still have a similar mentality to Gu Tianzhi who jumped off the building after being poisoned by the Gu in the movie, greedy and unwilling to give up, hoping to get rich quickly.

Cryptocurrency elements in movies

"All or Nothing" is based on tens of thousands of real online fraud cases across the country. In the play, programmer Pan Sheng (played by Zhang Yixing) and model Anna (played by Jin Chen) are attracted by high-paying overseas recruitments, but do not want to fall into the trap of overseas fraud factories. In order to leave, the two began various frauds, which involved cryptocurrency trading.

Gu Tianzhi (played by Wang Dalu), a master student in the film, is naive and greedy, and dreams of becoming rich overnight. After losing many gambling attempts, he steals his home's real estate certificate and mortgages it to cash out 8 million yuan. He then uses the money to buy virtual currency "Ketai Coin" and gambles on the so-called "last" chance to win. In the end, he loses all his money and leaves the game in despair. Gu Tianzhi jumps off a building and commits suicide.

It has to be said that even in the real world, there are many people who have similar experiences to Gu Tianzhi. In the currency circle, they are bewitched by greed and encryption project parties, become addicted to gambling, lose their minds, and finally lose all their property and end up in a dead end.

According to audience member @keenz_eth, in the telecom fraud-themed movie "All or Nothing", the cryptocurrency plot was the last link in the victim's deception and the ultimate cause of the victim's suicide. In addition, the contract order APP Coin also appeared many times in the movie as a tool used by the fraud group.

What surprised the cryptocurrency community the most was that the English subtitles of the "Kotai Coin" mentioned in the film showed that it was Ethereum, a well-known project in the crypto industry. Therefore, some people speculated that the fraud gang in the play lured Gu Tianzhi to buy Ethereum's token ETH.

Therefore, the lines in the movie such as "Can you bring him into the cryptocurrency circle?", "I have inside information, guaranteed to make money", "Too dangerous, now switch to Ketai Coin" and so on quickly became the rhetoric of many CX members who purchased the Tugou project of the same name.

On and off the stage: Zhang Yixing, a cryptocurrency person?

Actor Zhang Yixing is the main actor in "All or Nothing", and to some extent he is an ambassador for online anti-fraud propaganda. However, in the drama, he plays a role that helps a fraud gang set up a cryptocurrency project and defraud investors of their money. In real life, he may really be a cryptocurrency person.

Zhang Yixing’s labels on the social platform “X” include music producer, singer, dancer, actor, etc., but at the same time, various signs in the past suggest that he may have another identity: a person in the cryptocurrency circle.

In March of this year, Zhang Yixing, as the brand spokesperson for Hublot, teamed up with Japanese artist Takashi Murakami to promote the Hublot NFT series of watches.

At the end of last year, @inSmallhome, a well-known KOL in the NFT Chinese community, revealed that Zhang Yixing had purchased several well-known NFT works, such as the Bored Ape, Azuki, CLONE X series, etc. Netizens estimated that the value was more than 10 million at the time.

What has aroused the most speculation in the crypto community is a close photo of Zhang Yixing and Justin Sun, in which the two of them are standing side by side with smiles on their faces.

In response to this, some netizens exclaimed that given Zhang Yixing's understanding of encryption, he would not have worshipped Sun Yuchen as his master.

Crazy dog ​​coin with the same name

Almost at the same time as the preview of "All or Nothing", a local dog project called "Kotai Coin" with the same name as the one in the drama quickly appeared on the Ethereum chain.

Taking advantage of the popularity of the movie, the project team frequently published articles to promote the prospects of the project, and stated that "their goal is not just a pot of around 20 ETH and a market value of several hundredk, but to become the leader of the Chinese name Meme."

Due to the consistent Fomo attributes of the Star Dog project, the coin of the same name has indeed ushered in a wave of soaring. According to CoinMarketCap data, since its launch on August 5, the currency has risen by 240,729.43%.

Other currencies with the same name have also soared under the leadership of this leading coin, and there are similar projects on multiple chains.

The price increase of such eponymous projects has also attracted many big whales to join. The largest holder of the Meme token Harry Potter purchased 6 ETH worth of Kotai coins, and foreign investor @IHunt100xGems used a public wallet to buy this currency for US$500,000.

Due to the inherent memetic properties of Meme itself, which is completely supported by emotional value, many members of the crypto community were influenced by Fomo's emotions and based on the expectation of the future box office success of "All or Nothing", they joined the buying army, hoping that "Kotai Coin" can recreate another cryptocurrency myth after "Dogeking" and "SQUID".

Conclusion

"Go for broke" comes from "History of the Song Dynasty - Biography of Kou Zhun", which means to risk all your money to decide the outcome, and to use all your strength to take one last risk at the critical moment of life and death.

But whether it is a movie or the real world, no matter how many times you lose before, the probability of winning next time is only 1/2, not to mention that there is a dealer behind the scenes. Therefore, there is no winner in the gambling game; when you leave the gambling table, you are the winner.