When trading meme coins, have you encountered situations where the value suddenly drops to zero?

Meme coins are a high-risk token, and common risks include:

1. Mintable: Whether the token creator can create new tokens after the initial issuance, which may lead to token inflation and depreciation.
2. Honey Pot: When "yes", it indicates the existence of a honey pot, where the token creator uses technical measures to restrict the sale of tokens, leading to potential investment losses.
3. Top 10 Holders: If the top 10 wallets hold a large amount of tokens, it may lead to centralization risks and potential market manipulation.

Have you ever encountered a bunch of worthless coins in your wallet (especially meme coins), which greatly affects daily asset management, but you don't know how to deal with it?

Next, I'll teach you how to use the Trojan mini-program to burn worthless coins to exchange for gas fees.

Operation steps
First, open the Trojan mini-program in Telegram.
Step 1: Enter the /burn command in the input bar.Step 2: Select the token you want to burn, you can choose one or multiple.Step 3: Click the burn button, the program will burn one or more tokens you selected, and you will receive 0.002 sol for each token burned.

Another milestone in the cryptocurrency market, Bitcoin (BTC) price has broken through the $99,000 mark, heading for $100,000. It has set a new all-time high. With Bitcoin continuously breaking historical highs, we, as investors, can't help but ask, is Bitcoin overvalued, and should we sell?

Market Indicator Analysis

To better understand the current market situation, we can refer to several key market indicators:

1. Mayer Multiple

The Mayer Multiple value is 1.5, and BTC is currently still in the defined moderate price range, not overbought.

2. MVRV (Market Value to Realized Value)

Since this year, meme coin trading has been quite active, with crypto KOL Murad claiming this is a Memecoin supercycle. The continuous emergence of blockbuster meme coins has created myth after myth of getting rich, constantly teasing our nerves and making people eager to act.

Popular Meme coins usually come with topic attributes, which means that a decline in topic popularity will also lead to a sharp drop in coin prices. Therefore, the trading demands speed, and manual monitoring and placing orders are not good choices. Here, we introduce three commonly used bots to help you improve efficiency.

Comparison of 3 trading bots

Meme coin trading is booming ($PNUT, $URO, $RIF, etc.), and the myth of getting rich overnight has led many to plunge into meme trading. Meme coins themselves are a very high-risk type of token, and there are some major taboos to be aware of when trading them to avoid unnecessary losses and risks.
1. Do not conduct token risk assessments
Many people trade memes just to follow trends, buying into whichever coin is rising without thinking. If not careful, they can get rug pulled or trapped, losing everything. Initial risk assessments should be conducted before trading meme coins; common risk factors include (for details see meme 币常见风险项总结):

If Trump wins a landslide victory in the 2024 U.S. presidential election, what impact could his campaign proposals have on the cryptocurrency industry?

Bitcoin reserves and support for Bitcoin mining: Trump proposed establishing a 'national Bitcoin reserve' and retaining the Bitcoin held by the U.S. government.
Deregulation

: Trump promised during his campaign to adopt a lenient cryptocurrency regulatory policy, reduce government intervention in crypto assets, and support Bitcoin mining. Dismiss the current SEC Chairman Gary Gensler to alleviate the SEC's strict enforcement pressure on cryptocurrency companies.

Sky (formerly Maker) protocol announced that starting September 18, eligible users can upgrade DAI to USDS at a 1:1 ratio, unlocking new features within the Sky ecosystem, including Sky Token Rewards and Sky Savings Rate.
As of 2024.9.23 5:00 (UTC), over **375m** $DAI has been converted to $USDS.

There are a few things to note when converting $DAI to $USDS:
The conversion of $DAI to $USDS is optional.$DAI can continue to be used and no freeze function will be added.$USDS has a freeze function option, and the issuer can freeze the $USDS token.