An account holder has $67 million sitting there, yet not a single cent can be withdrawn — not because of freezing or technical issues, but because the contract code has directly "permanently blacklisted" their wallet address.

This case starts off as nothing special: buying a nearly worthless Meme coin for $27, then turning it into an astronomical sum when the market recovers. The dream becomes reality, but it shatters at the final step.

**Contract permissions are the real risk**

It seems every Meme coin story is the same — from $62 skyrocketing to $1.5 million. But on the other hand, projects that haven't undergone audits and are controlled by centralized teams often have triggers embedded in their contracts. Developers can freeze addresses, prohibit transactions, or even directly transfer assets. What you think you own is actually just an illusion of possession allowed by the contract.

**Impatience gets weeded out; only the clear-headed survive**

Opportunities in the Ethereum ecosystem are never lacking, but now the market is undergoing a major reshuffle. Projects without genuine community support and driven purely by hype will gradually bleed out, while those with technical depth and real community participation will slowly emerge.

**Before gambling, ask yourself three questions**

Before investing, review the contract code. Who has minting permissions? Who can freeze accounts? Have permissions been relinquished? If the answers to these questions are unclear, don’t put your money in. Don’t entrust your wealth to the "conscience" of the development team — market history has already taught many painful lessons.

Whether a project can make money depends on market sentiment. But whether you can completely lose control depends on the contract design. Understand the rules, assess the risks you can truly bear, and only then can your wealth really belong to you.