Do not hold any biases against profit opportunities.
In the current market cycle, meme coins are one of the core narratives, and regardless of your skepticism, you should participate personally. After all, VC coins continue to decline, while meme coins still present profit opportunities even in a player-versus-player (PVP) environment, with cases of sudden wealth. As a newcomer to meme coins, I have organized a learning path to share with everyone for mutual teaching and growth.
01 Establishing Awareness#
Before entering unfamiliar territory, you need to establish an overall understanding; otherwise, you will rely solely on luck.
Psychological Preparation:#
- Participating in meme coins is like playing the lottery; you must be prepared for your principal to go to zero, but you can improve your odds through learning;
Initial Understanding:#
- What are meme coins? Products of community sentiment and culture;
- Why play meme coins? To gamble small for big returns, pursuing a turnaround rather than just doubling;
- Where are the risks in meme coins? Filled with conspiracy groups and extreme volatility;
Understanding Basic Knowledge:#
- Pixiu Coin: Contract maliciously restricts, can only buy and not sell, buying means going to zero;
- Snipers: Front-running bots set high gas fees for priority trading, causing normal traders to buy high/sell low, profiting from the difference;
- Smart Money: High-yield user wallet addresses on-chain, can track their investment targets;
- Internal/External Market: Internal market refers to tokens that have not added liquidity on DEX; external market refers to successfully added liquidity;
Classification of Meme Coins:#
- Trend-based: Riding on keywords of Musk, CZ, Vitalik, or events, generating huge traffic in a short time;
- Narrative-based: Relying on popular industry narratives, such as DeSci + Meme, AI + Meme;
- Cultural: Based on cultural heritage, such as Sad Frog, Doge memes;
- Mechanism-based: Featuring innovative mechanisms, such as $people's first DAO;
- Ponzi-type: Air coins that engage in online + offline recruitment;
Daily Life of Meme Coin Players:#
- Follow Recommendations: Follow meme coin-related KOLs on Twitter in both Chinese and English to get the latest updates;
- Join Groups: Join discussion groups to observe group sentiment;
- Follow Chains: Pay attention to tokens from internal to external markets;
Overall Principles#
Speed is the only unbreakable skill in martial arts.
Do not fall in love with battles, do not be a diamond hand.
Manage risks well, and take profits and losses in a timely manner.
02 Practical Operations: Methodology#
Step 1: Discover potential new coins (scan the chain)
Analyze Token Contract Security#
- Is it a Pixiu platform? Use tools to check contract code for trading restrictions or locking mechanisms;
- Is the contract open-source? Open-source increases transparency and prevents backdoors;
- Have token permissions been relinquished? Relinquishing permissions prevents the issuer from minting more tokens;
- Is there a locked liquidity pool? Locking liquidity pools prevents price crashes;
Analyze Chip Structure#
- Token Market Cap: Ideal liquidity pool value above 100 SOL;
- Number of Holders: Recommended to be over 1000 addresses;
- Recent Trading Activity: Over 60 transactions within 1 minute or over 600 transactions within 5 minutes;
- Top 10 Holders' Holdings: 15%-25% is healthy, 25%-35% is sub-healthy, over 35% is unhealthy;
Analyze Project Background#
- Did the dev run away? Check the team's past records to see if they have stopped updating or disappeared;
- Is the team paying for ads on Dexscreener? Paid ads show confidence;
- Official token Twitter account: Check activity level, follower count, interaction, and content quality;
- TG community link: Check activity level, member count, admin responses, and AMA events;
- Are there KOL endorsements? More promotions indicate a solid community;
Step 2: Discover smart money movements (following trades)
Official marked addresses are limited; you need to build your own watchlist.
How to find smart money: Early large holders of meme coins with high price increases, high-yield traders, or early buyers; or active players/KOL addresses on-chain.
Avoid following too many wallets to prevent information noise.
Step 3: Final buy and sell (trading)
- Market Sentiment: The key is understanding sentiment; exit at the peak of FOMO; judgment is based on community sentiment, on-chain indicators, and other subjective factors;
- Risk Management: Set stop-loss points to avoid emotional trading; invest with discipline;
- Timing Selection: Pay attention to news events and social media trends; technical indicators often fail, requiring immediate action;
- Phase Selection: The characteristic of washing is front-row selling and back-row buying, with similar quantities; consider following when early profit-takers sell;
03 Long-term Learning#
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04 Summary#
When trading meme coins, more effort can increase your odds of success.
Experienced players are incredibly diligent, observing the market and trading 24/7.
Ordinary users also deserve to participate, experiencing the fast pace, not just for profit, but for the perception of trading and learning.
I will continue to update learning dynamics, hoping to help everyone.
from @YueXiaoYu
Related Reading#
【Must-Read for Beginners! Binance Megadrop Project Risk-Free Participation Guide, Step by Step to Earn Profits】
【Real Stories of Wealth in the Crypto World】 Many people ask me how I went from 0 to 11 million and then to a debt of 100,000 over the years of trading coins?
Everyone is Searching#
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