What initially attracted me to the crypto space was the story of wealth from Bitcoin and the lamentations every year on Pizza Day.

Once, as a staunch mainstream coin holder, I only used Binance and OKEx, thinking that only coins bought on these platforms were reliable. Even though I am not a full-time trader, I enjoy following the trends. By chance, I made some money on $Bome and $Pandora and thought of myself as a genius-level trader.

But over time, the situation changed.

Every time Bitcoin rises, my holdings — $G, $Alt, $PIXEL, $Stark, $WLD, $TIA, $Ordi, etc., hardly budge; but whenever Bitcoin drops, these coins follow closely and plunge sharply.

When Bitcoin broke 70,000, I was dumbfounded; clearly it was a bull market, and I was already down nearly 70%.

Once upon a time, I firmly believed that buying good coins on good platforms could lead to wealth, but now that belief has collapsed. Where's the promised wealth effect? Where's the promised value investment? Where are the promised top-tier projects?

Every drop and rise feels like these coins are trapped in an endless cycle, deeply stuck with no signs of improvement.

In the end, I concluded — playing spot trading on Binance, I cannot make a fortune.

The journey to break even started with self-rescue in Memes.

Thus, I began to look for ways to break even. In the second half of the year, the Meme market became increasingly hot, so I shifted my focus to the Meme domain. Originally, I had purchased 50,000 USDT in spot on Binance, and was down about 70%, with only about 30% of my holdings remaining, roughly worth 15,000 USDT. I staked these tokens for lending, borrowed 5000 USDT, and started trading Memes.

At the beginning of August, I started looking for opportunities on Twitter and TG, participating in over a dozen projects. Since I’m not a full-time web3 trader, I cannot watch the market for long periods, and most of the Meme projects I bought either performed poorly or I missed the best entry and exit timing, leading to a loss of over seven hundred dollars by the end of the month (since I only dipped my toes in at first, my initial investment wasn't large). During this time, I considered giving up, but I happened to see on Twitter that LBank was recently focusing on the Meme track, so I looked at the past Meme projects on LBank and found their performance was quite good, so I decided to try some.

On August 30th, I conducted my first trade on LBank, saw that BRUH launched today, researched its Twitter buzz and stylistic angle, felt it had a meme style, so I put in 200 USDT. After continuous observation, I found the trading volume and buzz were average, so I cautiously cleared my position for profit.

On September 1st, I bought EBULL, with average trading volume and buzz, and cleared my position after a 20% gain.

In the following days, there were no new Memes launched. Until September 5th, when Vista launched, I studied it and felt it was a hotspot, felt like Pandora, so I decisively put in 1000 USDT. But shortly after, there was negative news, so I quickly cleared my position.

Then came a few days of waiting, and on September 10th, DOGEGOV launched. I checked Twitter; its original name was D.O.G.E, and it had high attention and buzz, so I directly bought 1000 USDT. I held it for a few days but didn't see much increase, so I cleared my position.

Next came MAO, DEV, CATALORIAN, and several other Meme coins. MAO is a meme coin on the BSC chain, with no great interest. DEV and CATALORIAN had average buzz, and there wasn't much heat on Twitter, so I didn't act.

By September 18th, MOODENG launched, and I conducted my usual research, discovering that this IP had over a billion views on TikTok, so I decisively invested 2000 USDT. The heat skyrocketed afterward, and I held it until the end of the month, achieving a 1328% profit. Of course, I also made some operations in between:

September ended just like that, with profits reaching 4210 USDT. Reflecting on the past six months of trading, I hadn't made this much profit in a long time, and I regained that feeling of making money when I first entered the crypto world.

Focus on new coin dynamics, become a sniper in the secondary market

In October, I paid more attention to the new coin dynamics on LBank because every year during holidays like the October 1st and May 1st, there's always a big hotspot that emerges. So during the holidays, I kept pace with LBank's launches and operated accordingly.

On October 12th, something big came. This day was no different from usual, LBank launched GOATSEUS, I checked relevant content on Twitter and found I couldn't comprehend it at all, but the buzz was unusually high. My intuition told me, the less I understand something, the more opportunity there is, so I decisively invested 5000 USDT.

Next, GOATSEUS indeed took off, skyrocketing over 100 times in two weeks, and my profit reached 8,788.00%, turning 5000 USDT into over 400,000 USDT.

Chasing hotspots, gaining more opportunities from the secondary market

Looking back at my crypto trading on Binance, where 50,000 USDT turned into 15,000 USDT; and then going to LBank, where 5000 USDT turned into nearly 500,000 USDT, I realized that the wealth effect on Binance is decreasing more and more. Most projects see Binance as the ultimate goal, which determines its ceiling. But if a coin’s ceiling is immediately visible, where is the profit potential? However, coins listed on LBank, a secondary market, might just be getting started, with infinite possibilities ahead. Buy on LBank, sell on Binance, I think there's nothing wrong with that.

Here are my key principles for choosing Memes:

1. Do not participate in domestic projects;

2. Clone market caps can only reach 20%-30% of the original project's value;

3. The more unfamiliar, the more you should invest;

4. Dare to hold large positions;

5. When noticing a decline in buzz, decisively switch positions;

6. Always have a speculative perspective; without a perspective, you definitely won't make money;

In the fierce PVP battles, staying ahead is the key factor for victory.