What initially attracted me to the crypto space was the wealth stories of Bitcoin and the annual sighs during Pizza Day.

Once, as a staunch mainstream coin holder, I only used Binance and OKEx, thinking I could find shade under a big tree and that only coins bought on these platforms were reliable. Although I'm not a full-time trader, I enjoy keeping up with the hotspots. By chance, I made some money on $Bome and $Pandora, thinking I had become a genius-level trader.

But over time, the situation changed.

Every time Bitcoin rises, my holdings - $G, $Alt, $PIXEL, $Stark, $WLD, $TIA, $Ordi, etc., hardly increase; yet every time Bitcoin drops, these coins follow closely behind and plummet sharply.

When Bitcoin broke 70,000, I was dumbfounded; it was clearly a bull market, but I had already been down nearly 70%.

There was a time when I believed that buying good coins on good platforms could make me rich, but now this belief has collapsed. Where’s the promised wealth effect? Where’s the promised value investment? Where are the top-notch projects?

Every drop and rise felt like these coins were trapped in an endless cycle, deeply stuck with no signs of recovery.

Ultimately, I concluded - playing spot on Binance will not make me rich.

The journey to break even started with Meme self-rescue

Thus, I began to find ways to break even. Starting in the second half of the year, the Meme market got hotter, so I shifted my focus to the Meme sector. Originally, I had bought 50,000 USD worth of stocks on Binance, but was down about 70%, with only about 30% of my holdings remaining, roughly worth 15,000 USD. I staked this part of my tokens to borrow 5000 USD, and started trading Meme.

At the beginning of August, I started looking for opportunities on Twitter and TG, participating in over a dozen projects. Since I am not a full-time web3 trader, I can't watch the market for extended periods, and most of the Meme projects I bought either performed poorly or I missed the best entry and exit points. By the end of the month, I lost over 700 USD (because I only dipped my toes in initially, not investing heavily). At that time, I almost wanted to give up, but I happened to see on Twitter that LBank was recently focusing on the Meme track, so I looked into past Meme listings on LBank and found they performed quite well. I decided to try some strategies.

On August 30, I made my first trade on LBank, saw bruh listed today, researched its Twitter popularity and style, and felt it had a strong Meme vibe, so I put in 200 USD. After continuous observation, I found that the trading volume and popularity were average, so I cautiously liquidated for profit.

On September 1, I bought ebull, with average trading volume and popularity, and cleared my position after a 20% profit.

In the following days, no Meme was listed, and when September 5 arrived, vista was listed. After researching it, I felt it was a hotspot, a Pandora-like vibe, so I decisively put in 1000 USD. But not long after, negative news emerged, so I quickly liquidated my position.

Then came a few days of waiting, and on September 10, Dogegov was listed. I checked Twitter and saw it was originally named D.O.G.E, with high followership and popularity, so I directly bought in for 1000 USD. I held for a few days without much increase and then exited my position.

Next, several Meme coins such as MAO, DEV, and CATALORIAN were listed. MAO is a meme coin on the BSC chain, which didn't pique my interest. DEV and CATALORIAN had average popularity, and there wasn't much buzz on Twitter, so I held back.

By September 18, MOODENG was listed. I conducted a routine research and found that this IP had over a million hits on TikTok, so I decisively invested 2000 USD. The popularity then soared, and I held until the end of the month, gaining a return of 1328%. Of course, during this period, I also made some other moves:

September ended like this, with profits reaching 4210 USD. Looking back at the past half a year of trading coins, I hadn't made this much profit in a long time, and I rediscovered the feeling of making money when I first entered the crypto space.

Focus on new coin dynamics and become a sniper in the secondary market

In October, I paid more attention to new coin dynamics on LBank, because during holidays like the first of November, there are always hot topics emerging. So I closely followed LBank's coin listings during the holidays to make moves.

By October 12, something big was coming. That day was just like any other, LBank listed GOATSEUS, and while checking Twitter for related content, I found this thing completely incomprehensible, yet its popularity was exceptionally high. My intuition told me that the less I understood about something, the more opportunity there was, so I decisively invested 5000 USD.

Sure enough, GOATSEUS took off, soaring over 100 times in two weeks, and my profit reached 8788.00%, turning 5000 USD into over 400,000 USD.

Chasing hotspots to gain more opportunities from the secondary market

Looking back at my experience trading coins on Binance, where 50,000 USD turned into 15,000 USD; then moving to LBank, where 5000 USD became nearly 500,000 USD, I found that the wealth effect on Binance is diminishing. Most projects aim for Binance as the ultimate goal, which has set its ceiling. But if a coin has a visible ceiling, where is the profit margin? However, coins listed on a secondary market like LBank might just be at the starting line, with unlimited possibilities ahead. Buy on LBank, sell on Binance, I think that's a solid strategy.

Here are my main principles for selecting Meme:

1. Avoid domestic coins;

2. Imitation market caps can only reach 20%-30% of the original project's value;

3. The less you have seen, the more you should invest;

4. Dare to hold large positions;

5. When discovering a drop in popularity, decisively switch positions;

6. Always have a speculative angle; without an angle, you definitely won't make money.

In the fierce PVP battles, being ahead is the key factor for victory.