After years of trial and error, I finally cracked the code. I turned 1 SOL into 200 SOL in just one week! Want to know how? Here’s a step-by-step guide 🧵👇

The Risk of Trading Memecoins

Trading memecoins is like navigating a maze filled with hidden traps. Scams and tricks are everywhere. To make big profits, you must analyze both on-chain (blockchain data) and off-chain (external information) metrics.

Many fail because they skip this critical step. Don’t be one of them. Put in the work, or risk financial loss.

Memecoins: The Rising Trend

Forget altcoins backed by venture capital—memecoins are the star of the show. The hype around memes is growing, and this feels like the start of a major market upswing led by risk-takers.

This isn’t just a passing trend; it could reshape the market as we know it.

The Key to Success

Many traders research for hours but still pick the wrong coins or sell too early. What’s the solution?

Use both on-chain and off-chain analysis. Those who master these tools often see consistent success.

Step 1: Identify the Narrative

Understanding the narrative behind a memecoin is essential. Ignoring it is a quick way to lose money.

Focus on coins that align with current trends, such as:

AI-themed coins

Pet-themed memecoins

Seasonal themes like Christmas memecoins 🎅

Step 2: DEX Research

Dive into decentralized exchange (DEX) analytics using tools like Dexscreener. Here’s how:

1. Use filters to eliminate low-quality coins.

2. Sort coins by volume to identify active trading pairs.

Step 3: On-Chain Metrics

Examine the token’s on-chain data. Key things to look for:

The top 10 holders owning less than 25%.

Involvement of Key Opinion Leaders (KOLs), venture capitalists (VCs), and smart investors.

Insights from the "snipers" section and the BlueChip index.

Step 4: Use Tools Like @BubbleMaps

@BubbleMaps is a powerful tool to analyze token distribution. Here’s how:

1. Visit Bubble Maps.

2. Paste the contract address (CA).

3. Check holder distribution and clusters to identify related wallets.

Step 5: Ensure Token Safety

Before investing, scan the token contract to avoid scams, rug pulls, and honeypots. Only proceed if the scan confirms the contract is safe.

Final Thoughts

I hope you found this guide helpful! Always remember to do your own research (DYOR) before making any investments.

Follow me for more tips and strategies to maximize your crypto gains!

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