Memecoins 101 1. Only risk what you’re comfortable going to zero 2. New launches are the highest risk and you should size into them with this in mind. My size on an established meme that’s been out weeks or months is often 10-20x the size I buy a new launch. 3. Memecoins probably shouldn’t be more than 20% of your crypto portfolio. Probably smaller (5-10) even but hard to preach if I don’t follow. 4. Be skeptical of everyone shilling tokens. It doesn’t mean they’re wrong, but decide for yourself. 99% of influencers on twitter are being paid, even the ones everyone thinks aren’t being paid. KOLs/influencers can be a helpful piece of the puzzle but it’s also easy to FOMO into something based simply on this. Only you are responsible for what you buy, use marketing as an indicator not a signal. 5. Define the narrative. Memecoins run because they fit a niche of some sort. They’re ORIGINAL. They have something that other coins don’t have. 6. Community over all other factors. KOL support can be key in the first couple of days of a launch and generally helps a launch get initial exposure but really what makes things successful is what is formed in the community after the launch. 7. Don’t go at it alone! Find a group of people you trust to trade together and support each other. 8. 9/10 people trading memecoins would do way better if they ignored first day launches and only trade coins that have been out for weeks/months. Over this time you get a feel for what the narrative is, how the community is and how trustworthy the team is. 9. Don’t get shaken out! Memecoins commonly drawdown 60-90% and then rip to new highs. It’s emotionally taxing at times especially holding for weeks or months. 10. Make a plan and stick to it. If you have a price target to sell some, do it. It’s easy to get wrapped up in the hype and keep moving the goalposts, we all do it! 11. Take profits, but also keep a moon bag! I started locking some tokens in @streamflow_fi vaults so that I didn’t have the ability to sell them and it’s worked well. 12. Have FUN! Memecoins are about buying something funny, enjoying the memes and community.
@jpeggler So they need more Mumu Checks out
@jpeggler @frankdegods based info but truly couldve stopped after listing number 1. if you are depending on a level up, most times you arent ready for it. do better degens 🫡
@jpeggler Great take bro check this out part coin part NFT project x.com/yugionsolana/s…
@jpeggler Great take bro check this out part coin part NFT project x.com/yugionsolana/s…
@jpeggler thank you for the alpha now wen private group?
@jpeggler Excellent project ! I like this . That's why I followed this project. Let's talk in Dm 📥
@jpeggler great guide! 10th point is so important, many people romanticise unrealised gains and round trip back to zero. I’d say taking initials and some profits out should be the key, then ride the rest to moon or dust.