The ecosystem of the meme market is composed of several roles. Understanding the position of these people can help you trade and understand memes better.

The first type of people: DEV. (Meme producers)

Devs with 10M and above are the top predators in this field, surrounded by various large and small KOLs. A project may be bought by people around them for one or two M without sending any information. Making money is like drinking water.

DEV is divided into different types of devs, large and small, based on the market value of past projects, the KOL resources that can be mobilized, exchange resources, meme taste, and the ability to create and discover.

The promotion path of DEV depends on the accumulated core KOL resources, the excellence of IP, and the ability to grasp popular IPs.

The second type: KOL. (Generally using free chips + payment)

The third type: DEGEN. (Not accepting payment)

The fourth type: ALPHA. (Only buy and don't shout that there is a paid group)

The fifth type: Whale group. (Rich people)

The sixth type: ordinary players. (The masses)

The success or failure of a meme is that after the dev creates the meme, it actively or passively mobilizes KOLs, degens, and Alphas to mobilize the emotions of ordinary players.

When this combined force is large enough, market sentiment will be generated. Excellent memes can cause market carnivals, and funds and emotions will roll and fight in the market. Rubbish memes will die in the womb if they cannot be spread in a small circle.

If you understand the above roles, you can better think about how to make money, how to better monitor the market, and formulate your own strategy.