In the past two days, I saw some on-chain analysts digging into the dynamics of the Ethereum founder #V神钱包 .
Recently, Vitalik Buterin has been selling coins, exchanging the Memecoin in his wallet for ETH. Among them, 8 MEMEs including MSTR, Milo, POPCAT were sold for more than 650 $ETH , with a value of more than 1.7 million US dollars.
These Memecoins were sent directly to Vitalik’s wallet by the project team as a gift to him to create topics and attract traffic.
Initially, it was the SHIB project party that sent 50% of the total, 500 trillion SHIBs, to Vitalik’s wallet, and later followers followed in an endless stream.
When the tokens are sent to Vitalik’s wallet, there will be more attention and discussion, and the chance of going viral will be greater. Regardless of whether Vitalik holds, sells or donates, it will attract attention, and the tokens may go viral and the price will rise.
There are still dozens of MEMEs in the vitalik.eth wallet address, probably all given by the project party. The displayed value exceeds tens of millions of US dollars, which is really easy money.
In the past few days, the BTC price has returned to US$68,000, and various memes have become popular again. Players expect the meme wave to continue and drive the market carnival.
For example, TURBO, BOME, BONK, etc. that have been listed on the secondary market have had good growth in the past two days, but it was not sustained and fell again today.
The market goes up and down, and if you can buy before the left side rises, you can get good returns. If you chase highs, you will be trapped.
But the primary market never stops, and various MEMEs are launched every day, with the price rising or falling by 5 to 10 times.
Some people say that MEME is so popular because it has redefined the token distribution method. There is no VC investment and no platform distribution ratio. The tokens are all in the hands of early participating users. As long as the meme becomes popular and the secondary market is willing to take over, the market will become active.
Of course, only a few memes can become popular. If you can successfully participate in one or two of them, all your investment will be earned back.
The potential returns in the primary market are huge, but the risks also increase exponentially. A 90% drop in a few minutes is not a problem, and even project running away is normal.
There are different opinions in the community about the value of MEME.
People who play memes believe that the distribution of meme tokens is fairer. Everyone can participate. There is no insider trading or empty promises. It is truly decentralized and everyone is on the same starting line.
Whether you can make money depends on your ability. Whether it has application value is not considered.
Some projects that want to change the world are finally launched after a long period of data accumulation, user incentives, and project marketing, but there is nothing after TGE (Token Generation Event). A large proportion of project teams give up their efforts to enjoy the world after the tokens are listed and monetized.
However, the early participants of the project receive little benefit and have to invest a lot of time, energy and money to interact with projects and wait for project airdrops. However, they suffer losses as soon as the project goes online and the tokens plummet as soon as they go online, making them worthless and their investments go down the drain.
For example, the staking project Puffer, which was recently launched through airdrop, has pledged ETH for more than half a year. Not only has it suffered from the decline of ETH, but the airdropped Puffer is worth less than US$30.
Early project supporters and participants were abandoned. With data, user rights are no longer important.
Some people have made huge profits in the meme market. From time to time, some smart wallets will participate in some first-level projects and make hundreds of ETH or hundreds of SOL in a short period of time.
For example, the recent popular GOAT in the primary market has experienced a severe plummet, while some people made huge profits when it soared. A few people made money while most people lost money.
Some people focus on the on-chain gameplay, keep an eye on the on-chain dynamics, and follow smart wallets to buy and sell to gain profits.
But participating in each meme requires trial and error costs. If it doesn’t go up, it will be back to zero and all your money will be lost.
If you don’t have enough capital, and you participate in the first 99 memes that don’t go viral, you’ve already lost everything and won’t be able to participate in the last meme that might be successful.
Playing with memes requires a huge cost of trial and error. You may invest a small amount of 10u or 100u, and it may increase 10 times or 100 times to 10,000. This process requires a lot of luck and courage, as well as a lot of energy. You need to monitor the market in real time and make quick buys and sells.
The rise and fall of on-chain memes are calculated in minutes. You may make 10 times the profit in one minute, but it may go back to zero in the next minute.
When you see someone get a 100x meme, it may just be a silhouette of success. The amount of losses and zeroing out before are automatically hidden.
Once successful, there will be amazing returns. Many people come one after another, wanting to get rich overnight, but not everyone can be lucky. In the end, most people are just cannon fodder and leave in failure.
It’s just that the temptation of success is really too great, and everyone hopes to be the next koi.
Understand how to play meme, see if you have enough cost to try and make mistakes, whether you have time to watch the market, and whether you are familiar with on-chain operations. Only on this basis can you encounter ten times or a hundred times the return and reach the peak of your life.
Or you can buy $BTC , hold the coins, make friends with time, endure short-term ups and downs, and wait for the final victory or return to zero. This is also a relatively easy way to play.
But the simplest tricks are the least popular, and everyone is looking for their own wealth opportunities.
I am Chu Xiaolian, let’s pay attention to the crypto market.
