Basic Characteristics of Solana Meme Coins

1. Many projects, many paper hands

8 new liquidity pools can be launched in 1 minute, and the cost of opening is very low. Whether a project can succeed depends on the vision of the project team. Due to protocol restrictions, Solana meme coins generally do not impose taxes, so developers' profits rely on insider trading. There are also concerns about whales dumping and exhausting the liquidity pools, which is why many paper hands switch projects after making a profit; one must be cautious about taking profits.

2. High volatility, fast pace

Solana currently supports a peak capacity of 65,000 transactions per second and a block time of 400 milliseconds, leading to many rollercoaster moments. Prices can soar or plummet in an instant. Those new to trading may find it hard to adapt, but if managed well, one can double their gains daily.

3. Zero first, then new highs

This kind of candlestick chart is very common in Solana meme coins, so many people will position themselves in coins with good concepts and plenty of materials, waiting for a bottom to break out, often yielding good profits. The example shown is a typical 10x in 1 hour.

4. Cheap

Gas fees are only a few dimes and can be ignored; with 10 USDT, one can play for a week. Those new to trading small pools are advised to buy below 1 SOL to get a feel for it, and once familiar, they can invest larger amounts.