"I lost over a million last year," Xiao Su told Foresight News. As a seasoned crypto investor, he bought a significant amount of VC-backed tokens during the last bull market cycle. In 2021, when Bitcoin surged past $67,000 to set a new all-time high, many VC-backed tokens also rose in value, even outperforming Bitcoin. This was where Xiao Su made his first fortune. However, the market is unpredictable. In this cycle, Xiao Su stumbled. Since 2024, several of the VC-backed tokens he heavily inv...