I won’t act like I had it all planned out. I definitely didn’t.
I jumped into memecoins trading toward the end of 2024. Solana was on fire. Every day, some new dog-themed coin was blowing up, with folks sharing screenshots of turning $200 into $40K. So, like a total newbie, I dove in.
The first month went well, but by the second month, I’d lost everything I made and then some. Just the typical retail struggle.
The issue wasn’t really the market itself. The problem was me. I was just diving into projects based on Telegram tips, Twitter buzz, and gut feelings. No strategy, no advantage. Just a fancy way of gambling.
So here’s what actually changed for me.
I stopped blindly following and started tracking wallets.
That was the biggest change. The people making serious profits aren’t hanging around Telegram waiting for tips. They track specific wallets.
I started using tools like Cielo and GMGN to follow wallets that were consistently getting in early on winners. Not those influencer wallets; there’s a huge difference. When you notice the same wallet investing early in three tokens and two of them skyrocket, that’s a trend to pay attention to. When an influencer suggests a buy, you’re just the exit liquidity.
I made some rules and made sure to stick to them.
It took losing actual money for me to get here.
- No more than $300 on any single play
- If it triples, take your initial out
- If the chart looks like a pump and dump, it probably is. Just walk away
- Skip anything older than a day unless the chart looks solid
Pretty simple stuff. The tricky part is not breaking these rules at 2am when something’s pumping.
I also started checking contracts before buying.
Yeah, I know, revolutionary. But I used to just buy whatever was hot without even glancing at the contract.
Memecoins are risky, plus the site you provided is broken; you might need to edit it.
I don't think this is an ultimate guide for meme. I don't recommend trading with Meme because it's too risky to trade. Your strategy will work, but it would be better to apply it to coins that have a use case than Meme, which is built for pump and dump.
Memes are very hyped during BTC bullish periods, but these days I don't think you can find a good meme nowadays.
I did some experimental trades on memecoins earlier last year. All I can say is it's a wild, wild west over there. Probably 99% of the tokens launched are just planned rug pulls. Checking the smart contract for red flags is a must but even then, there is no guarantee that the token won't dump within a few minutes of launching
The classic rule is to make profit and get out as soon as possible. If you try to become greedy and hold on for too long, you will end up getting depressed all the time. GMGN was one of my favorite tools.
It's good that you learned your lesson, even if you're a little late, but as the saying goes, "better late than never."
It's good that you discovered the trick used by those promoting meme recommendations, which, as you mentioned, is, "When an influencer advises you to buy something, you're the cash cow." Yes, this is the painful truth that beginners are unaware of, making them easy prey for these scammers. They see the huge profits before them and their mouths water, but they don't realize they are the victims these scammers are using to reap their profits.
Greediness makes you lose everything so that is the lesson you must remember. If you make a profit, you should controlling your emotion because your greediness can increases and makes you hard to thinks clear.
Your minds will telling about the opportunities to make money but you will not research instead just follow others suggestion and that is common mistakes happens to people and makes them just lose money.
It seems you learned from your mistakes and trying to move on, only few people can introspect the mistakes they make and learns it and fix it. No need to worry if you makes mistakes because you can learns that.
Memecoin is one the easiest way to lose money in the crypto space. The thing is you never can really predict when they gonna dump on the market or even pump it higher than expected.
Sometimes those who trade on memecoin only invest into the space during their seeding or Token Generation Event (TGE) only then they would hold it and whenever they are listed on Centralized exchange or Decentralized exchange you those who ventured the market earlier on time to have their entire bags dumped on the market on those who are rushing to buy it when it got listed they wouldn't know that they are being dumped on worthless coins. This is the reason why most people not like gambling with altcoin because it would lead to extremely volatile where you can't really detects or predict how the market should be going, especially that of memecoin. These are reason why most people just love buying Bitcoin than altcoin because the high rate of volatility.
Your suggestion sounds good, but for me, you only want to promote your website, and no matter how good and careful you are in trading memecoins, the risk of loss is still very high, because this coin was created to enrich its creators and the big holders because they know when the coins will be dumped, unlike retailers who only try to predict, so a better advice is to stay away from memecoins unless you are prepared to accept the risks.
I remember a story about the famous memecoin Pepe. Someone accidentally bought millions of Pepe coins at the launch. But he wasn't allowed to sell them. His wallet was simply blocked in the contract.
What an unlucky day and annoying situation $12k floated in trading in the crypto market, this is already above average risk.
That is why carrying out trading activities must be accompanied by a mentor, at least you will get guidance and direction on the best types of crypto and have the opportunity to profit in trading. Memecoin is indeed a disaster, those who think long-term will think 1000 times about trading with Memecoin, the current crypto market situation is unstable.
$12k is really a bad adventure in crypto trading, OP this is experience and a lesson for you, when trading crypto avoid Memecoin, it's not a good choice.
Unless it's an informative thread, try to make it short, because it's hard to read the whole thread like this that is not very informative. However, I was never a meme lover. Had invested a small amount in Dogecoin and got some profits; then I am out from the meme. I saw a lot of people make a lot of money from memes, but it didn't inspire me to invest. I don't know why, but I am not a fan of meme tokens that pump for a while then dump hard, where investors lose a lot.
Even I haven't lost in memes, but lost in some shitcoins. So I have also learnt a costly lesson in my life, so now I invest carefully. If you follow so-called Telegram and Twitter posts and can't analyse or decide for yourself, then it's hard to make money from the market. Trading isn't so easy, or it's not any money-making scheme. However, you still need to learn a lot; be active here and learn.
Yes, creators can get profit significantly from memecoins if FOMO occurs at launch. However, it's also important to note that the biggest influence on memecoin prices is their insiders team and influencers behind insider. These insiders will try to attract influencers to promote their memecoins, so they're ready to sell when FOMO and pumping happens for that memecoins. Therefore, I personally investing no more than $10 in newly launched memecoins, as I believe the risk is too high to expect to get a gems because the reality mostly just become a dust
Behind future trading, meme coins is most large speculation or make gambling in cryptocurrency trading have feature high risk but you must acceptable high return. I have much experienced with my friend trading trough Solana meme coins most of them easily earn profit up to x10 to x100 just in short moment but many time the meme coins trough solana network become rugpul you can't sell any more. Sometime many telegram channel update about solana meme coins signal but you must acceptable most of them make their member as exit position when most of them entry the admin of channel will sell all their coins.
I quick from trading with solana meme coins exactly many meme coins just for short term moment awhile without have good roadmap that coins will list at CEX exchange market.
That's a classic way of losing money. I have never been attracted to meme coins at first place. It's pure gambling.
There's no real value that it brings to the world. Most of them are for pump and dumps and that's where many lose money.
It's good that you realized your mistakes soon and took it upon yourself to fix those mistakes.
Good for you that you are making money since last few months but I will still not recommend anyone to invest huge amount of money into meme coins.
I haven't heard about this story but it's possible that there's a locked in period for the early investors and that's because the devs are trying to be fair. But we can see how they're also manipulating the situation of those who have bought millions of their supplies and if they're in profit, they don't want those actions to move the market when they've just started out. I am curious if that blocked wallet is still inaccessible because even if it is, I guess that has dropped a lot already in value and the owner won't be bothered anymore about that.
I remember in 2024 if I'm not mistaken, I bought Barsik (Hasbullah) memecoin, which at the beginning of the hype of this meme rose dramatically because I was carried away by FOMO, I finally bought it, at that time I already had a fairly high profit but did not sell it better to keep holding it, what happened after a month the price of this memecoin fell dramatically and was no longer valuable, the decline was 99.9% of ATH.
Fortunately I didn't lose thousands on the memecoin but just under $100 but even if it's worthless in the end it still hurts.
Almost every newbie that join crypto trading will mostly lose money if there's no mentor or got proper orientation or guide before actually investing in any coins especially all these meme coins out there, and the best thing is to learn from those mistakes and do it the right way, I have seen lots of stories and watched videos on tiktok and YouTube about how some meme coin traders do track activities of whales wallets and buys whatever coins they're buying and made tons of money using this method.
You have to be willing to see your investment go to zero. There's no secret, solid projects with dedicated teams are the great secret to success. Memecoins is speculation based on technological utility.
This happen regularly on crypto space especially with pump and dump coins. I don't know about this incident but I have personally had a similar experience with one coin like that in the past. I can't really remember the name again but it's purely a trick to rip off people of their hard earned money. Although, I must admit it came from a Telegram group and I jumped in with the aim of making profit and exit before the dump occurred. Unfortunately I could not sell the coin when I try to exit the trade. That was when I realised I had fallen into their trap.
Op might be right about losing such amount to memecoin trading but he'll probably lose more as long as he continues trading the memecoin. The strategy he mentioned doesn't work out in the long run. You may think you have mastered it until the failure kick in.
This is not a new story it has been the case for a very long time we have had people who write same story you just did, which is when they first started they lost a lot of money because they did not have any plan when it comes to trading, but because they are losing, they decided to change strategy and then plan properly and they started gaining more than they were losing.
I think everyone that is a trader is used to this story however I love the plans you started using and how you follow it up but dont be surprised you may still be losing.
As a trader dont be greedy and always be a little bit patient and you are good, no need for too much writing and planning.