2025_Meme_Dogecoin_Beginners_Practical_Guide

in #okxdeposit2 months ago

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Never dismiss any opportunity that can generate profit.

In this market cycle, Meme coins stand as a core narrative. Regardless of your pessimism, you must engage and immerse yourself.

After all, VC coins continue to decline, while Meme coins—even with PVP dynamics—still present profit opportunities, often featuring tales of sudden wealth.

As a newcomer to Meme coins, I've compiled my learning journey here to share with everyone. Teaching others also reinforces my own understanding.

01 Establishing Awareness

Before entering a new field, develop a comprehensive overview; otherwise, it's pure gambling.

Prepare Your Mindset:

Trading meme coins resembles buying lottery tickets—be ready for your principal to vanish. However, continuous learning can enhance your odds of success.

Build Basic Cognition:

What is a meme coin? It's a product of community sentiment and cultural trends.

Why trade meme coins? To pursue high returns with small bets, aiming for exponential gains rather than mere doubling.

Where do risks lie? Meme coins are rife with manipulation and volatility.

Learn Basic Concepts:

  • Pi Xiu Coin (貔貅币): Contracts maliciously restrict trades—buying is possible, but selling is blocked, leading to total loss.
  • Trap (夹子): Front-runner bots use higher gas fees to trade first, forcing regular traders into unfavorable buy-high-sell-low positions while traps profit from spreads.
  • Smart Money: On-chain wallet addresses achieving superior returns; track their investment choices.
  • Inner Market / Outer Market: Tokens not yet launched reside in the inner market; after adding liquidity on a DEX, they transition to the outer market.

Meme Coin Categories:

  • Hotspot Type: Leverages keywords like Musk, CZ, or Vitalik, or major events, attracting sudden short-term traffic.
  • Narrative Type: Issued based on trending industry themes, e.g., DeSci + Meme or AI + Meme.
  • Cultural Type: Requires cultural context, often animal-themed, such as Sad Frog or Doge memes.
  • Mechanism Type: Features innovative mechanics, like $people as the first DAO.
  • Pyramid Scheme Type: Promoted through online-offline multi-level marketing with little substance.

Daily Routine of Meme Coin Players:

  • Follow Tweets: Monitor numerous English and Chinese KOL accounts on Twitter for the latest updates.
  • Join Groups: Participate in discussion groups to gauge community sentiment.
  • Follow the Chain: Watch tokens moving from inner markets (small-scale) to outer markets (large-scale).

Overall Principles

  • Speed dominates this arena.
  • Avoid stubbornness or "diamond hands" mentality.
  • Manage risks effectively—take profits and cut losses promptly.

02 Practical Operations: Methodology

Step 1: Discover Potential New Coins (Chain Scanning)

Analyze Token Contract Safety

  • Is it a Pi Xiu trap? Use common tools to check contract code for trade restrictions or lock mechanisms.
  • Is the contract open source? Open-source code allows public review, boosting transparency and preventing backdoors.
  • Has token minting permission been renounced? Renouncing permissions prevents issuers from arbitrarily increasing supply.
  • Is liquidity locked? Locked pools deter sudden withdrawals by issuers or large holders that could crash prices.

Analyze Tokenomics

  • Token market cap: Aim for liquidity pools exceeding 100 SOL.
  • Number of holders: Prefer over 1,000 addresses.
  • Recent trading activity: Target more than 60 transactions in 1 minute or over 600 in 5 minutes.
  • Top 10 holders' stake: 15%-25% is healthy, 25%-35% sub-healthy, above 35% unhealthy.

Analyze Project Background

  • Did the dev team abandon the project? Investigate past projects for halted updates or disappearances.
  • Did the team purchase Dexscreener ads? Paid ads indicate project confidence.
  • Official token Twitter account: Assess activity, followers, community engagement, and content quality.
  • Telegram group link: Evaluate activity, member count, admin responsiveness, and regular AMA events.
  • Are there KOL endorsements? Multiple promoters often signal a robust community.

Step 2: Track Smart Money Movements (Copy Trading)

Publicly labeled addresses offer limited value; build your own smart money watchlist.

How to find smart money: Identify early large holders of successful meme coins, high-yield traders, or early buyers. Track addresses of active meme coin players or KOLs leading on-chain rushes.

Align with your trading style to avoid information overload from too many wallets.

Step 3: Final Buy and Sell (Trading)

  • Market sentiment: Key to success—exit during extreme FOMO. Identify it through community buzz and on-chain indicators, relying on subjective judgment.
  • Risk management: Set stop-loss points to curb emotional trading; humans tend to chase highs and sell lows. Discipline is crucial.
  • Timing selection: Focus on news events and social media hotspots. Technical indicators often fail with event-driven meme coins; act swiftly on related events.
  • Stage selection: Determine if the coin is in consolidation (early sellers with buyers at similar volumes) or distribution (early profit-takers selling—consider following suit).

03 Long-Term Learning

🔥🔥🔥 Practical Tools for Finding Golden Meme Coins
1️⃣ Axiom Dog-Chasing Tool https://axiom.trade
2️⃣ Gmgn Dog-Chasing Tool https://gmgn.ai
3️⃣ dbot Dog-Chasing Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com

04 Summary

Trading Meme coins demands effort to boost your win rate.

Thus, experienced players are diligent, monitoring markets around the clock.

For ordinary users, participating in the fast-paced meme coin market is worthwhile—not just for profit, but to gain trading insights and learn extensively.

I'll keep updating my meme coin progress and hope this aids everyone.

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