$POPCAT surged 100x after I first recommended it. The reason behind this is little known, but it’s all thanks to CTOs, a brand new phenomenon that is changing the cryptocurrency world. Through community takeovers, seemingly “dead” tokens are reawakened and even have the opportunity to grow a thousandfold. Maybe your dormant tokens can make you the next millionaire. This article will take you deep into the CTO phenomenon and how to operate it.
The miracle of $POPCAT and the rise of the CTO phenomenon
While many serious crypto projects are still struggling with losses, memecoins have quietly risen, with a total market value of over $70 billion, surpassing some well-known DeFi and Layer-2 projects.
It all started as a joke about $DOGE, but nowadays, hundreds of new meme coins are created every day.
The key factor driving this trend is Launchpads.
Why are Launchpads so popular?
Platforms like Pumpfun simplify the process of issuing tokens, and you can generate a token in just a few steps:
- Easy setup: upload an image, add social media links, set token supply, and click “deploy”, no coding required.
- Safer: In a world full of scams, the launch platform adds a layer of security to the project.
However, now we are seeing a new trend - Community Takeover (CTO).
What is a CTO?
When project developers disappear or run away, the community sometimes does not want to let the project die, but instead takes over the project and tries to drive up the token price on their own. This phenomenon is called community takeover (CTO).
How CTO works:
- Communities spontaneously create new social media groups;
- Buy ads on sites like DexScreener;
- Actively promote the project on major platforms;
- They even pay influencers to promote their products.
The Legend of $POPCAT: From $0 to $1 Billion in Market Cap
A meme about a cat opening its mouth suddenly became popular, and the developers thought it was all over and sold all their tokens. However, the community took over the project and pushed $POPCAT to a market value of $1 billion through virality.
Initially, CTO was intended to save projects on the verge of failure, but now it has gradually evolved into a tool for "pumping and dumping". Some developers even pretend to "exit" and then re-enter the market through different wallets to push up prices.
How to profit from CTO?
Find key wallets and track their trading activity, but be careful! If a manipulator finds too many people following his trades, he may fake transactions to mislead others.
How to find CTO wallet:
- Sudden surge in trading volume;
- Rapid price jumps;
- Small number of traders.
Tools like DexScreener can help you monitor these patterns.
Best CTO Tracking Tools:
- GmGN: Enter a wallet address to view all its transactions.
- Set transaction alerts to be notified when these wallets make moves.
- For the Solana chain, use Solscan to track token transfers.
These are just the basic tools. To become proficient at this type of trading, you need to practice identifying trading patterns and always remember: trading stalk coins is extremely risky, so be sure to do your own research.
in conclusion
The CTO phenomenon has breathed new life into some abandoned projects, while also providing traders with opportunities to make profits. Despite this, the stalk coin market is always full of uncertainty and high risk. Be careful when entering the market, accumulate experience, and perhaps you will also find opportunities in this wild market.
