Don’t follow hype — follow data. Always.

22 Oct 2025 · 1 min

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0:43

Kosta Ouzas recounts his first crypto purchase in Wonderland, describing having invested "over six figures" in Australian dollars and watching the token rise about 8% every eight hours. He frames Wonderland as a major DeFi catastrophe that occurred shortly before the FTX collapse and likens it to a ‘Fire Festival’—a cautionary anecdote about following hype instead of data.

Questions this video answers

"Over six figures" (in Australian dollars).

About 8% every eight hours.

Chapters

I didn't know was the top of the cycle when I got in. And so I'm like, wow, you know, this is like amazing. Like, so you know, I bought a bunch and I'm talking like in Australian dollars. It was over six figures of this, of this coin. And I'm watching it. It's going up every eight hours, right? By 8%. It was going up by 8% every eight hours. People can look it up. It was called Wonderland. Wow. This was a big catastrophe in the crypto space. It was just before the FTX blow up, but this was a huge one in defi. So you can look up the Wonderland. It was the Fire Festival. Yeah, kind of. Right. So. So, you know, I'm seeing it for the first time. I'd never bought any crypto before. And then these things like just ticking over, ticking over. So what do I do? I buy more.