How to get rich through Memecoin (no luck required): 👇🧵
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For the sol chain, place orders, trade, preferred gmgn 👇
1. First, optimize your strategy based on one of the following two points:
- High hit rate (60-70%+ of trades should be profitable)
- Low hit rate but high return (like how venture capital firms treat startups)
Chasing both is where most people lose money.
Which one should you choose? Let's reveal the answer now...
2. For high hit rate strategies:
- Take profits early (2-3x)
- Only purchase assets with a market cap of over $300,000
- Moderate risk/stress tolerance
- Reduce trading (quality > quantity)
Yes, you won't have a 1 -> 100 SOL screenshot
But you will achieve more stable returns:
3. Low Hit Rate High Return Strategy:
- Set limit sell orders (never miss a price surge)
- Increase the number of trades, reduce the amount per trade
- Only purchase MCaps below $5 million
- High risk/stress tolerance
Goal: 10-50x returns, 10%+ hit rate
Now, how do you discover winning trades?
4. You only need two things:
1. Common sense (to assess whether something has the potential to go viral)
2. Tools
While the former is mainly acquired through experience, these tools can be used at any level.
5. Personally, I only use three things:
1. X Tracker
2. Scanning Bot
3. Wallet Tracker
The reasons are as follows...
6. 99% of memecoins are born on Twitter
It could be from a tweet by an influential person, or just a new interesting story based on something popular on other social media
I use X Pro (free) to track over 100 accounts
7. I use gmgn's bot for scanning
I check if:
- Token bundling
- Held by smart wallets/whale wallets
- If the DEX has been paid
1. Scan chains and scan pushes
2. Discover hotspots, search for similarly named projects
3. Follow relatively impressive KOLs
4. If I missed Dragon One, I need to learn to find Dragon Two
5. Learn to track smart wallets
gmgn website link:
gmgn's TGBot:
8. Wallet trackers can be said to be the most important tool:
If you track top traders - you are likely to get new stories early (and make 10-100 trades)
You just need the wallets of excellent traders, that's all.
How to find them?
The most complete and detailed GMGN video tutorial 🔥 on the whole network #memecoin
How can the earth dog earn that splashing wealth if he doesn't buy it at the first time!
1. Sweep and sweep
2. Find hot spots and search for disks with the same name
3. Pay attention to the more awesome KOLs
4. If you miss Ryuichi, you have to learn to find Ryuji
5. Learn to keep track of smart wallets
Links to the GMGN website:
gmgn TGBot:
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