#Solana has become the go-to network for meme coins, and many are asking how to get started without getting completely REKT.
So, whether you’re looking to catch the next 1000x memecoin or trying to avoid a rug, these tools will give you a headstart into the daring world of trading memecoins.
Where do we begin?
It all begins with the wallet, anon. Choosing a solid, secure, #Solana wallet is the first crucial step. Any of the following choices including the Phantom wallet or Backpack are superb choices for exploring and trading Solana memecoins.
How to find Solana memecoins?
Every second, a new meme coin is born on Solana and finding the next 100 or 1,000x can feel impossible, but it’s not. You’re just not looking in the right place, and if you are, it is cluttered by the ridiculous amount of scam coins, you might just miss the next best thing.
This is where DEXScreener comes in. This powerhouse tool tracks every single cryptocurrency that has ever launched and provides users with the ultimate suite of tools to find and filter out those #memecoins with scammy vibes.
Using the correct filters requires experimentation, and in the future, we will provide you with the best filters on DEXScreener to find solid memecoins.
Alternatively, many #memecoin traders today spend their time on memecoin generator platforms such as Pumpdotfun, Moonshotdotcc and ApeJupiter to snipe brand new meme coins launched by the average user. It’s important to note that a #memecoin can be created with a minimal investment of 0.02 $SOL and therefore, people will find 99.9% of #memecoins on these platforms end up as scams.
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How to find out if a memecoin is a scam?
99.69% of meme coins that launch end up as scams, and avoiding these can be tricky if you don’t have the correct tools in your toolbox. That’s why, before investing a single cent, it is recommended to run the contract address of the token through platforms such as Solanasniffer and Rugcheckxyz to get a brief analysis and overview of the #memecoin we’re researching.
Although nothing is guaranteed, these tools give you a better fighting chance against the highly hated scammers. Simply enter the contract address and analyse the token holders, liquidity and everything about the smart contract that may affect you. Without a doubt, Solanasniffer and Rugcheckxyz are great tools to use and will most likely save you big bucks along your #memecoin trading journey.
What about Solana memecoin trading bots?
If you’re more advanced and you believe you’ve got enough experience, the next step to enhancing your memecoin trading game is by utilizing popular trading bots such as BananaGunBot, TrojanOnSolana and many others. Bots are next to impossible to beat but also require some knowledge to set them up and use them.
But, don’t worry, if you’re following us and you have the notification bell turned on, you won’t miss our step-by-step guide on setting up and using a #memecoin trading bot!
Where to buy and sell memecoins on Solana?
Although users are using Pumpdotfun and similar #memecoin launchpads to trade memecoins, the most popular platforms to buy and sell memecoins are on decentralized exchanges and aggregators such as RaydiumProtocol, Orca_So and the JupiterExchange. Most of the liquidity revolves around these exchanges on the Solana network while providing users with tools to perform the most efficient trades.
Anon, these tools will not guarantee you will win every trade, every single time, but they will reduce the likelihood of getting rugged and scammed from the thousands of memecoins that launch by the second. Utilizing the correct tools is crucial and spreading the awareness of these tools can help your fellow DeFi enthusiasts, so help the cause and give this thread a like, retweet and make sure you’re following us to stay up to date with the super-exciting world of Solana memecoins.
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