A MILLIONAIRE IS...
![](https://public.bnbstatic.com/image/pgc/202403/85b973b3366b9cf30d6c055b165b5e3d.png)
an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire.
Becoming a millionaire through meme coins is possible, but it's a very high-risk strategy. Here's why:
Meme coins are speculative: Their value relies heavily on internet hype and trends, not on any underlying technology or real-world use case. This makes their prices extremely volatile.
Highly successful cases are rare: Stories of people turning tiny investments into millions with meme coins are outliers, not the norm.
However, if you're still interested, this is for you:
Do your research (DYOR): Understand what meme coins are and the risks involved. Look into the specific meme coin's community, developers, and purpose (if any).
Invest only what you can afford to lose: Meme coin investments are essentially gambles. Only put in what you're okay losing completely.
Consider timing: Ideally, you'd buy early before a surge in popularity. But this is nearly impossible to predict.
Trust the process...it takes time
SOLANA MEME COIN GUIDE
![](https://public.bnbstatic.com/image/pgc/202403/c6767d97ff4bc67170a043b5f3a23ac9.png)
Now let's get into the basics of tools you will need to start trading.
Solana Wallet (Hold Funds)
Screener (Find coins)
Checker (Safety)
Bot (Faster Transactions)
The obvious choice for a wallet on Solana has to be Phantom.
You can create a wallet and add some funds.
Note: Most of the tools will have you create a new wallet that you can import into Phantom.
![](https://public.bnbstatic.com/image/pgc/202403/5957e02a762ac5fa5bcb165fe6e5cffc.png)
Dexscreener can be the only screener you use if you are deciding to trade higher cap meme coins and do more swing trades.
Pros:
Great Interface
Clear overview of all stats
Mobile app
Cons:
Chart sometimes updates slower than others
Birdeye will have charts before Dexscreener, allowing you to get a head start on reviewing coins.
Pros:
Early token listings
Clean recent trade chart
Cons:
No 1-second chart
Slower flow of up-to-date information.
![](https://public.bnbstatic.com/image/pgc/202403/693167a2746c7a4bc7f68204bbc2ae43.png)
BOTS TRADING
There are so many bots you can use for trading. The main benefit will be getting into trades faster than using a normal Dex.
You can trade with Photon Dapp or with Telegram bots like:
bonkbot
shuriken
unibot
![](https://public.bnbstatic.com/image/pgc/202403/f61b3b68500e88efde6297382d25f4b1.jpg)
About the telegram bots and especially Bonkbot...
![](https://public.bnbstatic.com/image/pgc/202403/dc07faaeb7c8639cd475d5689b21e847.png)
You need to do this:
Minimum Position Value (POS Value): Set the minimum position value to show in your portfolio.
Auto Buy: Toggle this off if you prefer not to buy immediately when pasting a token address.
Button Config: Customize your buy and sell buttons according to your preference.
Slippage Config: Adjust your slippage settings for buys and sells
Max Price Impact: Determine how much your buy/sell order will change the market price.
Transaction Priority: Increase your transaction priority to improve speed.
MEV PROTECT: Choose between Turbo for speed or Secure for extra security against frontruns.
![](https://public.bnbstatic.com/image/pgc/202403/a3ff1b0be823bfd6389c6f7a2384439e.png)