"If you're interested in profiting from meme tokens, this post is a must-read.
Ever wondered why meme coin prices plummet right after you purchase them?
Buying tokens based solely on the promotion by certain individuals or groups can make you their exit liquidity.
The reason is that those who recently purchased the meme tokens are seeking someone to dump them on, so they promote them on platforms like X or TikTok to increase their holdings.
For instance, take a look at the Pepe charts below. During those times, individuals on X were hyping PEPE's listing on Binance, claiming it would pump, etc. However, when people bought it on Binance, they suffered losses.
So, what's the optimal strategy for making money from memes?
Scan the market for potential low-cap tokens. If you buy PEPE well before its listing on any centralized exchange (CEX), you could potentially earn 5 to 10 times your investment. On the other hand, buying it on Binance upon release could make you their exit liquidity. Avoid FOMO, conduct thorough research, and invest wisely.
Stay safe and best of luck.