As the popularity of some AI memes on the Solana ecosystem has decreased, the popular tokens such as GNON (Numogram) and GOAT (Goatseus Maximus) have also seen a significant pullback in recent days, as shown in the figure below.
However, after Coinbase announced the launch of a new tool, Based Agent, a few days ago (which allows users to set up their own artificial intelligence agent using a crypto wallet within three minutes), the AI Meme trend seems to have spread to the Base ecosystem again, with tokens including Luna (Luna by Virtuals) and VIRTUAL (Virtual Protocol) beginning to perform strongly, as shown in the figure below.
The cryptocurrency world is really in the Meme season now. Recently, most of the friends in the group have been discussing various MemeCoins. At the same time, Binance has directly launched contract transactions for GOAT and MOODENG, which has further promoted the attention of the AI Meme concept. As shown in the figure below.
At the same time, some institutions and celebrities also began to participate in MemeCoin. For example, a16z, a token based on the a16z concept, became popular because a16z partner Marc posted two ai16z-related contents in succession, causing the price of the token to rise rapidly.
The emergence of BAN tokens has directly popularized the concept of art. It is said that the DEV (DEV can be simply understood as the issuer) address of BAN is the address of Sotheby's Vice President Michael Bouhanna.
In short, the AI agent MemeCoin is popular, the art concept MemeCoin is also popular... I wonder what will be popular next?
As one of the friends in the group described: Now Meme coins have become lightning in the sky, dancing like a swarm of demons, extremely dazzling, and real wealth is flying in the sky. They soar like lightning and plummet like lightning. If you want to catch it, or become the one struck by lightning, it will be difficult. As shown in the figure below.
Nowadays, many people look for MemeCoin in a relatively simple way. For example, they tend to buy: those with interesting avatars, good-looking official websites, high numbers of followers on social platforms (Twitter), large trading volumes, large numbers of holders, and those directly recommended by group friends...
On the contrary, the issuers of MemeCoin (dog dealers, conspiracy groups) are often well aware of some of the methods and concerns that investors are using. Therefore, they may carry out some targeted reverse designs, such as specifically catering to the preferences of retail investors and making corresponding forgeries in order to deceive more people into participating in transactions.
In the previous series of articles on MemeCoin, we mainly sorted out some ideas and methods from the perspective of investors. In this issue, we will change the perspective and make an assumption: What would a person do if he wanted to make money by issuing MemeCoin?
In fact, this process is a bit like the relationship between a spear and a shield. Different positions may lead to different angles of execution. People who are good at attacking always want to find the most powerful spear in the world, while people who are good at defending want to find the most powerful shield in the world. However, the spear and the shield are a relative or one-vs-the-other process, and they need to evolve continuously. There is no question of who is the most powerful.
Applied to the MemeCoin field, since investors will use different methods to select targets, as issuers, they only need to make targeted designs:
Usually, the basic information of MemeCoin that investors will pay attention to generally includes Website, Twitter, and Telegram. As the issuer of MemeCoin, the investment in Website is actually very low. Now there are many online tools that can make various exquisite web pages without any programming foundation. As for Twitter, it is not difficult. At present, you can buy targeted old accounts on some platforms for about $100-400. These accounts will come with more than 10,000 followers and even some KOLs. As shown in the figure below.
In addition to the basic MemeCoin information mentioned above, it is relatively difficult to forge on-chain indicators, but it can also be done using some trading robots (or directly using ChatGPT to build robots), such as:
1. Falsification of the number of holders
When MemeCoin is issued, insiders may use sniper robots to preferentially purchase large quantities of supply (for example, the coin issuance platforms such as Pumpfun that we are familiar with support DEV addresses to create tokens while buying their own created tokens), and in order to make the transactions look normal, they often use multiple (dozens or even hundreds) of independent wallet addresses to perform sniper transactions.
It is actually very simple to create hundreds of wallets, which can be quickly done using online tools such as MCT, CoinTool, etc., as shown in the figure below. Then, using tools such as Solnado (an anonymous transfer protocol on Solana) to privately transfer SOL tokens between bulk wallets can achieve the effect of deceiving Bubblemaps.
Basic coping methods:
First of all, some current transaction aggregator platforms (such as GMGN, etc.) will classify and label the holders’ wallets, which can be used as a preliminary reference.
Secondly, if you cannot directly query the correlation between wallets through tools such as BubbleMaps, you can also use on-chain browsers or tools such as Cielo to query the wallet's historical transaction records and currency holdings. If the creation time of those large wallets is relatively new, or there are few transaction records and only a single currency is held, then you need to pay extra attention.
2. Falsification of transaction numbers and volume
Usually, the number of transactions and transaction volume can also be faked by trading robots, such as setting up dozens (or more) wallets through robots to conduct random buying and selling. A few days ago, I saw a friend in the group share that he bought Pixiu coins from the MemeCoin gain list of OKX Web3 wallet (that is, he can only buy but not sell).
Basic coping methods:
You can try to find wallet addresses that have large transaction frequency or total amount, but may have very little profit. This is most likely the wallet used by insiders to increase volume. For example, you can directly view the PnL data of the wallet address through aggregator trading platforms such as GMGN, or use tools such as Alphatrace to query Win Rate data. As shown in the figure below.
Of course, what we have listed above are mainly the falsification of several core on-chain data. In addition, there are also issues such as contract security mentioned in the previous MemeCoin series of topic articles that require extra attention.
In addition, don’t be too superstitious about the ratings on some platforms, as some ratings can be improved by spending money. For example, DEX Screener provides a paid channel to help project owners improve the trend score weight of their tokens. The current fee for accelerated improvement is $3,999 per 24 hours. See the figure below.
In short, in a game where the devil is always one step ahead of the good, we need to constantly learn and think about improving our trading methods and strategies, so that we can have a greater chance of getting our expected returns or not losing money or losing less money in this field.
This is the end of our sharing of this issue. For more articles, please visit the homepage of Hualihuawai. The above content is only a personal point of view and analysis, which is only used for learning records and communication, and does not constitute any investment advice.
