First, let's talk about the first part of playing with meme coins. I have only two ways to play meme coins. One is insider trading, where I know someone who has set up a scheme and invites friends to support it. The chances of a rug pull are not very high unless the person organizing the scheme no longer wants to be in the space. The funds provided can be a bit larger, like the recent stir caused by amix on jumpfun. While everyone else was still pushing for rights protection on social media, I was already being asked how much I had lost and was provided with a wallet address for a refund.

But I have never taken a large position in this type; first, if it does rug, years of hard work go down the drain, and it’s not just hard work but also the luck you’ve had over the years. Don’t think that if you make money in the crypto space, it’s all due to your skills; luck is also a very important part. Second, you are just there to support and make a little money, not to be the main player; if you really make money, the main player won't let you have it.

The second way to play with meme coins is when the secondary market doesn’t have much action, to find a few smart money addresses, analyze the projects they are entering, invest a few tens of dollars, and take out your capital when it doubles. This mainly helps to expand your capabilities in other sectors while finding something to do. You absolutely cannot just dive into a project you don’t understand with a large position, let alone with meme coins.