During this time, many meme traders made huge fortunes.
$100 purchased 7 days after $WIF was released, now $1,800,000. $100 purchased 5 days after $BODEN was released, now $1,500,000.
With the right investment strategy and belief, you could be the next person to make enough money on memes.
Here are my 5 rules for success in memecoin trading.
Follow the trend
If memes on Solana soar, trade on Solana.
If a meme on Base spikes, trade on Base.
Don’t be attached to any specific public chain or project, we are here to make money.
Go wherever you can make money. If you want to make money, you must follow the trends and trends.
Follow the “smart money”
Open Dexscreener and look for memes that have skyrocketed recently.
Check out the Top Traders section to find a whale who made 10-1000x their trade.
Previously, I featured a $MEW trader who turned $9,809 into $745,000 in just a few days.
Interestingly, he still holds $750,000 worth of MEW.
Create your robo list, select 3-10 successful traders using the method above, and verify if they are still trading other coins and their win rate on their trades.
By doing this, you will be able to identify promising meme tokens before anyone else does.
Analyze whale wallets using on-chain tools
For EVM chains, please use Arkham and Zerion.
For Solana, please use SolanaFM and Step Finance.
If you come across a wallet that earns 200-1000x returns on a small investment, then he is likely a sniper.
Use dexscreener to compile a list of successful snipers and track their strategies, trying to find items early and snipe them on launch.
There are many types of robots on the market:
For ETH, BASE, and BLAST, please use Banana Gun and Unibot.
For Solana, try BONKbot, SolTradingBot.
three messages
Trend alignment: matching the current chain and token narrative, e.g. Catcoin, Dogecoin;
Strong TG and Twitter communities;
High profile in the cryptocurrency space.
If you are trading early-stage coins, the latter two criteria may not apply at this stage.
For early coins:
When should you sell?
We don't want to be the last ones to hold a meme.
Sell gradually when prices reach all-time highs and sell whenever major news comes out that causes values to surge.
Of course, don’t sell everything to avoid overselling.
The chart below is a common pattern of meme price action in the early stages.
Remember, memes are high-risk investments; when someone wins, someone else loses.
So you should only invest what you can afford to lose.
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