In early 2021, NFT influencer and collector gmoney made a bold move that would become both a cautionary tale and a pivotal moment in his journey through the digital art world. He purchased CryptoPunk #8219—the most expensive Punk at the time—for 140 ETH (approximately $150,000). This decision came just before a sharp market correction, sparking intense self-doubt and the fear of having “bought the top.” Yet, what felt like a misstep at the time turned into a long-term validation of digital scarcity and NFT value.
The Moment of Doubt: Buying High in a Volatile Market
Back in January 2021, Bitcoin was trading around $30,000 when gmoney finalized his purchase. But shortly after, the market plunged, with Bitcoin dropping into the low $20,000s. That sudden dip triggered immediate regret.
“I literally just bought the top,” gmoney recalls. “My cope back then was telling myself it was a long-term trade. I thought I’d hold for five years and sell at Christie’s or Sotheby’s for $5 million—never realizing I could’ve hit that mark in just five months.”
This emotional rollercoaster is familiar to many crypto investors. The fear of buying high during a peak—a phenomenon known as “buying the top”—can shake even seasoned collectors. But gmoney’s story underscores a deeper truth: in emerging markets like NFTs, short-term volatility often masks long-term potential.
👉 Discover how top collectors navigate market highs and lows—insights you won’t want to miss.
FOMO and the CryptoPunk Awakening
FOMO—fear of missing out—played a crucial role in gmoney’s decision. He had initially hesitated on CryptoPunks when their floor price hovered around $1,500, dismissing them as overvalued. In hindsight, that price seems almost laughable.
It wasn’t until influential figures like Snowfro, Nate Alex, and Justin Trimble introduced him to the cultural significance of early NFT projects that his perspective shifted.
“They red-pilled me on Punks,” gmoney admits. “I was searching for the next big thing, but they showed me I was already looking at it.”
This realization came during a period when he was heavily involved in minting Chromie Squiggles—a generative art project by Snowfro. The experience taught him to appreciate nuance in digital collectibles, such as rarity traits and onchain provenance.
Building a Timeless NFT Portfolio
gmoney’s collecting philosophy centers on long-term value, historical relevance, and digital scarcity. His portfolio includes iconic assets like multiple CryptoPunks, Chromie Squiggles, an Autoglyph, Beeples, and pieces from Justin Aversano’s Twin Flames series.
“There are only 10,000 Punks, 10,000 Squiggles, about 500 Autoglyphs,” he explains. “Over time, these will end up in museums as digital artifacts. You just can’t exclude them from history.”
This mindset reflects a broader trend among elite NFT collectors: prioritizing foundational projects over speculative new mints. After the explosive first half of 2021, gmoney intentionally slowed down his acquisitions.
“I’d rather hold something that’s already appreciated but has staying power than chase a new project that might offer 10,000x returns but could vanish.”
The Hidden Gem: Squiggly by Nate Alex
Among his prized possessions is Squiggly #22, part of a small 100-piece collection launched in October 2020 by Nate Alex. Unlike larger generative art drops, Squiggly flew under the radar—but gmoney sees its historical potential.
“It’s a tiny collection, fully onchain. I think it’ll stand the test of time.”
His eye for underrated projects was sharpened by interactions with other top collectors. A direct message from VonMises offering ETH for one of his Hyper Squigs signaled demand before rarity data was widely understood.
“If someone smart wants it, others probably do too.”
This instinct-driven approach highlights how community signals often precede market trends in the NFT space.
From Collector to Creator: The Birth of 9dcc
Beyond collecting, gmoney transitioned into building. In early 2022, he launched 9dcc, an onchain lifestyle brand blending physical fashion with digital ownership.
The name “9dcc” comes from the last four digits of a wallet address—a subtle nod to crypto culture. But the brand’s real innovation lies in its user experience.
“We don’t call them NFTs,” gmoney says. “We frame them as digital souvenirs—proof you met me in real life.”
When someone interacts with him IRL, they receive a free tokenized experience linked to their wallet. This approach removes crypto jargon and focuses on accessibility and emotional value.
“If my mother can use it, it’s good. If she can’t, we still have work to do.”
Celebrities and athletes wearing 9dcc apparel validate its design-first philosophy. The tech is secondary—but powerful when revealed.
👉 See how blockchain is reshaping fashion and identity in unexpected ways.
FAQ: Inside gmoney’s NFT Mindset
What was your biggest NFT sale?
I sold a Bored Ape I received as a gift. It was at 0.5 ETH floor, and I sold it for about 79 ETH (~$270K at the time)—likely my largest single transaction.
Who are your favorite digital artists?
XCOPY tops the list—I regret not acquiring more during the last cycle. Also die with the most likes and Grant Yun for their unique voices.
When did you first buy crypto?
In 2017. I actually tried in 2012 when Bitcoin was $27 but couldn’t figure out how to buy it. Spent hours and failed—lesson learned!
What’s your favorite NFT?
My Ape Punk #8219. But artistically, Justin Aversano’s Twin Flames hold deep personal meaning since I helped bring him into the space.
Which underappreciated project do you recommend?
Ironically, CryptoPunks. People overlook their foundational role, but they’re digital antiques now.
Whose collection do you admire most?
Seedphrase. His curation is exceptional—deep cuts across generative art and early PFPs.
Any up-and-coming artists to watch?
die with the most likes. He’s hilarious, talented, and still under the radar despite a cult following.
Advice for new NFT explorers?
Be patient. Don’t chase profits—collect what resonates. The market isn’t going anywhere fast.
How to survive crypto long-term?
No leverage. Ever. The upside is massive without borrowing against your position.
👉 Learn risk management strategies used by top crypto investors today.
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gmoney’s journey—from skeptical observer to influential collector and builder—mirrors the evolution of the NFT space itself. His experience with “buying the top” isn’t just a personal anecdote; it’s a lesson in conviction, timing, and the enduring power of culturally significant digital assets.
As NFTs mature beyond speculation into cultural artifacts, collectors like gmoney are shaping how we understand value in the digital age—not through hype, but through legacy.