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VC analysts quit crypto after incurring unbearable setbacks.

The analyst’s losses include losing money in 5 DEXes that dumped tokens soon after listing.

CJ expressed gratitude for having met wonderful people in the crypto space.

In a recent tweet, CJ, a prominent venture capital analyst in the crypto community, said goodbye to crypto after admitting to incurring unbearable setbacks. CJ proclaimed that he had sold every cryptocurrency he ever owned, bringing his crypto portfolio to naught.

The analyst noted that he made the difficult decision as he could no longer bear the heat of the crypto industry. In CJ’s words: “I sold everything I had. Every coin I owned is gone. I’m completely out of the cryptocurrency market. I can’t take it anymore.”

I sold everything I had. Every coin I owned is gone. I'm completely out of the cryptocurrency market, I can't take it anymore. Aggressive dumping, manipulation, everything is so intense. crypto is over, I am out, I am very glad to meet you, life has dreams, each is wonderful — CJ (@CJCJCJCJ_) August 18, 2023

Meanwhile, CJ highlighted in specific terms the factors that drove him off the crypto realm. He pointed accusing fingers at the supposedly intense market manipulation. The analyst also alluded to the alleged aggressive coin dump by significant crypto investors. “Everything is so intense; crypto is over. I am out,” CJ remarked.

Prior to giving up on crypto, CJ recounted a substantial loss he recently suffered. He mentioned investing in five decentralized exchanges (DEXes). Unfortunately, all five developers of the DEXes dumped their tokens within minutes of listing, putting him in a significant financial predicament. In frustration, he proclaimed the developers a “bunch of clowns.”

I aped 5 dexes, all 5 devs dumped tokens within 2 mins. Which bunch of clowns lmao https://t.co/nrDPotWYQS — CJ (@CJCJCJCJ_) August 16, 2023

Despite his disappointment about the digital asset world, the analyst expressed gratitude for having met wonderful people in the crypto space. The tweet attracted significant engagement from the crypto community, with many wishing him good luck in his next endeavor. An NFT enthusiast remarked: “Congrats on taking a bold step! Remember, there’s a world beyond crypto filled with amazing dreams too. Wishing you the best on your new journey!”