 | Meme coin season launched in full force these past couple of weeks attracting new users across multiple chains. Some call it ultimate blockchain PVP, as it requires users to gamble on the meme token and flip it before other users (or Bots) dump the price 100%. BOME (BOOK OF MEME) made headlines as it hit $1B Marketcap in a day of launch, let's break down the top winners or "traders." Yep, the top 4 "traders" bought 0 BOME, but extracted $21M from retail. It's a great business being the creator of a massive popular Meme Coin. Now look at spots 5-6. These traders dropped $400k+ a piece on the token as the second layer of insiders and turned $4M plus each in profits. No retail in sight. How do you get in early on a meme coin? You create it or be a close insider that is already rich or be an influencer on twitter that gets a free airdrop to pump n' dump on retail. Where does the first "retail" trader land (or the first trader to buy less than $10k)? Rank #68 with $8338 worth of BOME bought and sold for $872k Well, what if you use screener tools and want to get in early? Here are some meme tokens created in the past hour Hint: they all go to zero, most dont last 30 minutes This is the other end of the spectrum from BOME. These are what I call the scalping meme coins that last 15m-1hr tops before the creator rugs the liquidity. The goal here is high action pvp, put $10 in and pull out for a quick $5-10 profit before the other guy rugs you. SLERF is another popular memecoin atm with $400M market cap. No surprises to who the big winners are: Another nefarious trend on Twitter is the notion of Pre-Sale, where users send their native token to an address listed in a tweet, hoping for a sweet airdrop. Millions of dollars have vanished to no surprise. Stay safe out there [link] [comments] |
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