---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42025374.md"
description: "In 278 BC, a poet from the State of Chu used 500x leverage to buy Chu digital assets, only to see them plummet for five consecutive days, triggering a margin call. He felt utterly hopeless in life and, filled with resentment, threw himself into the river. To warn future generations, people wrapped red pork in green bamboo leaves and tied it tightly with string, symbolizing "yin wrapping yang" and being trapped in a losing position. Later, to commemorate him, "naive investors" in the crypto circles across various regions would eat a zongzi on the Dragon Boat Festival. This is because the first step in eating zongzi is to untie the string, symbolizing "getting untrapped," then remove the bamboo leaves (green), and finally eat the pork, symbolizing the "naive investors" getting untrapped and feasting from then on. Wishing everyone good health on the Dragon Boat Festival, and may you feast heartily after the festival 🫡$Circle(CRCL.US)$Coinbase(COIN.US)$Strategy(MSTR.US)"
datetime: "2026-06-19T19:04:18.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42025374.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42025374.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42025374.md)
author: "[天弢](https://longbridge.com/en/profiles/14360566.md)"
---

# In 278 BC, a poet from the State of Chu used 500x …


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