MEME coin's 7 golden rules: help you become the next rich person

Memecoin traders are making millions, $100 bought 7 days after $WIF is released is now $1,800,000. $100 bought 5 days after $BODEN is released is now $1,500,000.

With the right strategy and belief, you too could be the next person to get rich.

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

Follow the trend

Never hold on to your coins (meaning don’t be attached to losing coins)

If the price of memecoin on Solana surges, trade it on Solana.

If the price of a meme coin on Base surges, trade it on Base.

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

To make money, you have to follow the trend.

Follow the Smart Money

• Open @dexscreener: website and look for meme coins that have seen a recent surge in price.

• Check the “Top Traders” section to find a whale (a well-funded investor) who has made 10-1000x profit on this coin.

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

Create your Smart Money list

• Select 3-10 successful traders using this method

• Verify if they are still trading other coins and what their win/loss ratio is

In this way, you will be able to discover promising coins earlier than many others.

Using on-chain tools to analyze whale wallets

For EVM chains, please use Arkham and Zerion .

For Solana, please use SolanaFM and Step Finance.

If you come across a wallet that earns 200-1000 times the return with a small investment, then he is likely a sniper.

Use dexscreener to compile a list of successful snipers and track their strategies, try to find projects early and snipe them when they launch.

There are various robotic tools available on the market:

• For ETH, BASE, and BLAST, please use Banana Gun or Unibot.

• For Solana, try BONKbot, SolTradingBot.

Three major principles

• Trend consistency: matching themes of current blockchains and tokens, such as catcoin, dogecoin, etc.

• Strong Telegram and Twitter communities

• High profile in the crypto space

If you are trading early-stage tokens, the last two criteria may not apply.

For early tokens

• Use TweetScout to determine if any influencers have shown interest;

• Refer to lunarcrash for further information on its social presence.

When should you sell?

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

When the price reaches a new all-time high, gradually sell.

Sell ​​anytime there is major news causing a spike in value.

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

That’s usually the balance I strive for.

This is a common pattern in memecoin price behavior in the early stages ⭣

Remember that memecoin is a high-risk investment; when one party wins, another party may lose.

• Only invest amounts you can afford to lose.

• Learn from other people's mistakes.