MEME Coin’s 7 Golden Rules: Helping You Become the Next Rich Person

Author: Xremlin, encryption researcher Source: X, @0x_gremlin Translation: Shan Oppa, Golden Finance

Memecoin traders scoop up millions, buying $100 of $WIF 7 days after release, now worth $1,800,000. $100 purchased 5 days after $BODEN was released, now $1,500,000.

Using the right strategies and beliefs, you may become the next rich person.

Here are my 7 golden rules for success in memecoin trading:

Follow the trend

Never hang on to your coins (meaning don't hold on to a losing coin)

If the price of meme coins on Solana soars, trade on Solana.

If the memecoin price on Base surges, trade on Base.

Aim to make money and don’t become emotionally attached to any particular blockchain or project.

To make money, you must keep up with trends.

Follow the "smart money"

• Open @dexscreener: website and look for recent price surges of meme coins.

• Check the "Top Traders" section and find a whale who has made 10-1000 times profit on this currency ( deep-pocketed investors).

• In this article, I have chosen a $MEW trader as an example.

• He turned $9,809 into $745,000 in just a few days.

• Interestingly enough, he still holds $750,000 worth of MEW.

Create your list of "smart money"

• Select 3-10 successful traders using this method

• Verify that they are still trading other coins and that they win/loss rate

With this approach, you will be able to spot promising tokens earlier than many others. currency.

Use on-chain tools to analyze whale wallets

For EVM chains, please use< a href="https://twitter.com/ArkhamIntel" style="font-size: 18px; text-align: justify;">Arkham, Zerion These two tools.

For Solana, use SolanaFM, Step Finance These two tools.

If you come across a wallet that earns 200-1000x returns with a small investment, then he is probably a sniper.

Use dexscreener to compile a list of successful snipers and track their strategies, trying to find items early and snipe them on launch.

Various robot tools are available on the market:

• For ETH, BASE, BLAST, Please use Banana Gun , Unibot.

• For Solana, try BONKbot , SolTradingBot.

Three principles

If trading early-stage coins, the last two criteria may not be Be applicable.

For early tokens

• Use TweetScout to determine if influencers have shown interest;

• < p style="text-align: left;">Refer to lunarcrash to learn more about its social presence.

When should you sell?

You don’t want to be the last person to hold a meme coin.

When prices reach new all-time highs, sell gradually.

Sell anytime there is big news that causes a spike in value.

Put some tokens in your "moonbag" (meaning a long-term holding portfolio).

This is usually the balance I strive for.

This is a common pattern in the early stages of meme coin price behavior⭣

Please remember that meme coins are a high-risk investment; when one party When a win occurs, the other party may lose.

• Only invest what you can afford to lose.

• Learn from other people’s mistakes.