"In China, the fear of missing out (FOMO) has surpassed the fear of losing money," said Yang, adding that many Chinese have been trading US stocks since the lock began in 2020, using platforms such as FutuBull and Forex.com.
They often jokingly refer to themselves as 'onions', a common vegetable in China, 'harvested' when they think their money has been 'stolen' by much larger players in the traditional stock market.
He told CoinDesk that many friends and family in China have been asking him for the past two days which tokens they should buy.
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