This week I turned $300 into $35,000 on memecoins💸
This week I turned $300 into $35,000 on memecoins.
Don't follow the crowd - 99% of coins you see on DEX Screener won't make you rich.
There's only one way to find strong conviction plays.
Here are 7 steps to find 100x coins every single day👇🧵
This cycle, memecoins have become the hottest topic in crypto, representing the fastest-growing trend in recent years.
Their simplicity and community-driven appeal allowed to surpass most traditional alts, solidifying their position as the most favored sector among retail.
While trading memecoins can make substantial money, the risks are equally high due to risks like cabal coins, coordinated scams, and rug pulls.
Only a small percentage of memecoins actually survive, most them failing within days - leaving many people hesitant to invest again.
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The key to identifying 100x gems and avoiding low liq, lies in mastering your research strategy and execute it effectively.
Here’s how I research and consistently find the next 100x plays👇
1/ Begin with DEX Research
➢ Start with tools like @dexscreener, but avoid the common mistake of jumping on the first trending coin you spot.
➢ Apply proper filters to eliminate low-quality coins and narrow your focus to high-potential projects ⤵️
2/ Follow the Narrative
➢ Focus on coins tied to current trending narratives.
➢ Ignore irrelevant memes and instead target "cult" coins with high conviction.
➢ Today’s narratives largely revolve around TikTok trends, Christmas and character-based memes.
3/ Analyze Social Media
Social platforms are crucial for identifying potential "cult" coins.
➢ Look for authentic engagement and positive sentiment.
➢ Red flags: muted chats, disabled comments, or overwhelming negativity.
➢ Use @TweetScout_io to analyze profiles for influential followers, such as KOLs, major projects, or VCs.
4/ Leverage Analytical Tools
For Solana projects, tools like @gmgnai and @birdeye_so are invaluable.
➢ On GMGN, examine top holders and check for KOL or insider involvement.
➢ Use the BlueChip section to determine how many reputable holders back the project.
➢ Tagged wallets allow easy tracking of insider transactions and token distribution.
5/ Check for Centralized Supply
➢ Tools like @bubblemaps help verify that token supply isn’t overly concentrated in a few wallets.
➢ Be cautious of coins where major holders dominate the supply, except for entities like Raydium, or CEX wallets.
➢ While Bubblemaps might not catch new or bundled wallets, it’s excellent for analyze the devs wallets
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6/ Prioritize Security
➢ Use @solanasniffer or @Rugcheckxyz to assess token safety scores.
➢ While new tokens may have active mint authority or unlocked liquidity, these tools can flag risks like honeypots or rugs.
7/ Follow Insiders
➢ Copy-trading insiders is a highly effective trading strategy. Many traders rely solely on smart wallets and insider moves.
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I'll share more insight about memecoin trading So don’t forget to follow me & go in my profile to learn more!
