Overseas KOL Ansem, who successfully placed orders on meme coins such as Solana and WIF during this bull market, was accused by the community of "pumping and dumping" through public calls to allow his followers to take orders for him.
In response, Ansem posted a post on Out of tokens. In a follow-up tweet, Ansem talked about meme coins and shared four attributes that “successful meme coins” need to possess.
get accused of this a fair amount so I will clarify this here, longer post on memes incomingfirstly i do not pnd any coins, i am wrong on trades sometimes yes, but i have never intently shared a trade on here & then immediately thereafter sold while bullishly tweeting about it… https://t.co/TwXB2Rnmyk
— Ansem (@blknoiz06) May 15,
Correlation
The appeal of the meme itself to people who don’t know anything about cryptocurrencies or finance, is whether the average person will like the meme.
For example, $WIF is a very relatable meme, everyone loves dogs, and a dog wearing a hat is easy for anyone to understand, whether or not they understand what the underlying blockchain is. Therefore, WIF has a high "retail rating" because dogs are cute, and other successful memes like Dogecoin are very similar.
Transmissibility
Even if a meme is resonant, it still needs some kind of transmission mechanism. This may be a combination of factors.
For some memes, it could be about upcoming world events, such as $BODEN in the upcoming presidential election. With other meme coins like $DOGE, it’s probably the richest man in the world (Musk) who can’t stop talking about it.
Often the starting point for something to go viral is when it gets in front of a lot of people quickly, which is often why social media plays a huge role in the spread of these memes.
Many in the memecoin community will "raid" the comment sections of large accounts because they know this is the easiest way to attract a lot of attention. It's also common for memes to end up being associated with accounts that have a large number of followers. It's best when the connection happens naturally and people buy early just because they like the memes, but sometimes it's "forced", such as KOLs passively receiving memecoin airdrops, but this never works.
Token distribution
This is a very critical part of what most people don't understand about these memes in their early days, and a key factor in determining which memes will perform well. The reason why many new meme coins die immediately upon release is that the development team holds a portion of the supply and is perfectly capable of selling it en masse on the market immediately upon release for five or six figures (sometimes even just four figures) profit. Most people don't have a lot of money, so it's much easier to profit from a coin's release immediately than to wait for a higher price to sell.
Now, you can look at wallet statistics to see allocations, but people often use different methods to hide how many coins one holds. I've found that the best way to evaluate token distribution is to use a combination of Birdeye or another tool you use to view supply distribution, while also observing how the online community interacts with accounts on Crypto Twitter.
You can hide wallet allocations in some cases, but it's difficult to fake real interactions with people on Twitter. This is one of the reasons why $WIF and $MICHI continue to do well, as they have a very active community on the site, constantly replying to people, and promising not to sell until the price is higher, all the best memes out there There are great cults, and these cults are most powerful when they form when market caps are low, before others take notice.
Scalability
This refers to how easy it is to transfer a meme to something else, completely unrelated.
This article, the well-known KOL Ansem denies pump-and-dumping, educates on the four attributes needed for a “successful meme coin” first appeared on Zombit.
