There are always some stories in the crypto world, and hearing them over time still feels quite shocking. Today’s story is about someone the community often calls "Teacher North," whose early ID was "Pure Blockchain." This person has had extremely accurate insights, but also a series of operations that make people shake their heads, eventually becoming a "classic case" in many people's mouths.

First, let's talk about what he missed. Based on the current BNB price, the 2 million BNB he once held would be worth about 14 billion RMB. What does this number mean? In China, only a few individuals can casually produce this much cash with both hands. There’s also the famous "Pizza Day" story in the crypto world—back then, 10,000 Bitcoin would be worth 6.4 billion now, and it’s often used as a joke. But compared to the 14 billion RMB that Teacher North missed, it’s really not the biggest loss.

The turning point happened in August 2017. Domestic regulators started to crack down on ICOs and trading platforms, and market panic spread. Teacher North didn’t hold on this time; he put the 2 million BNB he had in his hands into...