After more than a month of trading meme coins, learning while trading, I made some money, and here is a conscientious summary of how to trade meme coins on the sol chain
Preface: Let’s talk about a few terms. Dev: Token creator. CTO: The dev has sold out the chips, the dump is completed, and the community has taken over (CTO needs to spend money on this, remember this). DEX advertising: Advertised on dex screener (this also costs money). CA: Contract address. PVP: Player vs player, can be understood as on-chain competition, seeing who buys early and runs fast, mutually competing; this was originally a term from chain games. Paper hands: People who want to sell within a few hours or days.
1. First, you need to know the characteristics of meme coins on the sol chain: gas is cheap, generally 1-2u. Therefore, the entry threshold is low, leading to serious PVP and many paper hands. The Sol chain is divided into internal and external markets. The internal market is the issue before the launch on the pum or moonshot official websites. The external market is after the launch. The internal market can only be bought with certain specific software, such as dexx, pump official website... All software can buy from the external market.
