During the US election, I came across a squirrel video on X, but it was killed by New York Democratic Party officials in the name of "animal protection."
I felt very angry and ridiculous at the time, so I bought 10ku of Pnut when its market value was about 60m.
By providing liquidity in the Raydium pool, I could earn 20%-40% in transaction fees every day, which felt very successful at the time.
Later it fell to 30-40m, and then Mask called for an order and it quickly rose to 120m. At this time, there was no Knut in the pool, only Sol.
Later, when it fell to 80-90m, I bought about 5k knuts and put them into the liquidity pool to provide liquidity.
Everyone knows what happened later. The stock price rose to 3B on Binance.
However, the subsequent increase has nothing to do with me anymore.
This is the first time I have experienced a 50-fold increase in the price of a coin, but I didn’t catch it.
It would be a lie to say that I am not upset, which is why I have not posted this article until today.
If you didn’t see a coin that had increased 50 times, just forget it; if you saw it but didn’t buy it, that’s also fine; but if you clearly bought it and had a large position, you still missed it in the end.
This time, Meme not only missed out on Pnut, but also bought 2ku of Ban when the Ban was 20m, also to provide liquidity. He sold all of them when the Ban market value was around 30m.
Of course, I also bought 3-5 other small positions of coins, all of which were 1 to 2 Sols. Among them, Freedom almost went to zero, but later during the election, it rose back a little, and I sold it at a loss of 50%. The other 3 coins basically went to zero.
Later, I stayed away from the meme on the SOL chain, feeling that it did not match my investment style.
The overall feeling is that the rhythm of memes changes very quickly, either returning to zero or exploding.
If you want to buy a meme that is about to explode, you should buy more. If this topic can go viral, that is, this topic is not only discussed in the cryptocurrency circle, but is also very popular outside the circle, the possibility of this meme exploding is very high.
