But those who get in early can walk away with a tidy profit. Which is why, two days after the Oscars, Watson bought $5,000 worth of Will Smith Inu. The coin garnered more than $3 million in trading, collapsing back to nearly zero within a week. Its temporary rise worked well for early investors like Watson, who cashed out with $20,000, but for thousands of others, it prompted a furious sell-off, with people trying to recover what little they could of their initial investment. “Scared money don’t make no money,” Watson said.
Watson says he can’t worry too much about the folks who didn’t sell early. “It’s like, why would I stop when it’s changing my life?” he said. “Just because other people lose money?”
Once considered a…
