The biggest problem for many people investing in the crypto space may be short-term thinking. For example, when a person’s investment time horizon is only a few days, he or she will often panic and feel anxious because of a 20% drop. But if a person’s investment time horizon is 1 year, every sharp market drop is the best time to build positions in batches.
Patience is one of the most important skills to make money in the investment market. For example, when a person is chasing a certain MemeCoin, he is actually gambling, that is, betting whether others will take over. But when a person buy the dips a certain value target (such as BTC) in batches, he really has the mindset of investment, and what needs to be done under this mindset is actually very simple (but it is not easy to stick to it), that is, patiently wait for the market to correct its mistakes.
Recently I have seen many people still discussing MemeCoin. In previous articles of Hualihuawai, we have introduced some common tools for participating in MemeCoin, such as DexScreener, DEXTools, birdeye, GMGN, etc. Moreover, in the process of participating in MemeCoin, I found that many people seem to have a special liking for tokens with high trading volume and low market value, or some people also regard the number of holders as an important reference factor. They think that such tokens have a hundred times more potential, but is this really the case?
Often, what you want to see may be what the project party (token creator) deliberately created for you to see. For example, if you want to see tokens with high trading volume and a large number of holders, the project party may use some automated tools to generate thousands of unrelated independent wallets, and use servers, nodes or some special tools to manipulate and buy tokens in batches, creating a false data, in order to deceive more people to participate.
Therefore, do not simply use on-chain tools such as DexScreener to monitor the token data. Instead, you should do some necessary investigation and research, and use some third-party tools to assist, so as to avoid falling into such scams.
So how can we achieve this?
In fact, for MemeCoin, the most basic thing is to conduct some necessary checks on its community platform (including social media). For example, if a MemeCoin does not even have a basic X platform, then you should be very careful when deciding to participate in it. If the corresponding community platform is not active, or the active data looks fake (compared with the daily browsing, comment and like data of normal KOL accounts), then even if the token has a high trading volume and number of holders, it is likely to be unreal. There is a 90% chance that the project party is trading and manipulating through the wallet.
At this time, you need to enter the project's Telegram to check its real activity, or use third-party tools such as TwitterScore (this tool will classify and sort various projects, and can also show whether funds are paying attention to the project), TweetScout (this tool can monitor the social media data of the project, and there is also a scoring module. A score of more than 200 is a good indicator) to check the activity of the following X platform. These tools have been introduced in previous articles of Huali Huawai, so I will not repeat them here.
In short, if you want to make money in this field for a long time, then patience is very important. If you just want to speculate in the short term, then in addition to the so-called luck itself, you also need to see whether you are a person who likes to study and think.
A few days ago, a friend left me a message and asked me an interesting question: Some of the MemeCoins I bought were directly RUG or zeroed out, and those that were not zeroed out also suffered serious losses. It seems that many MemeCoins are scams, so wouldn’t it be better to directly issue some MemeCoins and make money from others?
First of all, I personally do not encourage the issuance of coins (I will not do it myself). Secondly, I personally do not support the practice of cutting leeks through RUG and other methods after the issuance of coins. But if we only talk about "thinking", "issuing coins to make money" seems to be quite attractive to many newcomers (who have just entered the crypto field). So, is this method really feasible? Can you really make money by doing this?
Before we start talking about this feasibility issue, we need to take a brief look at some of the current MemeCoin launch platforms.
1. Currently popular one-click coin issuance platform
In the previous article on MemeCoin (August 1), we have already sorted out three categories of simple coin issuance tools in detail (no coding required). As shown in the figure below. Here we only supplement and briefly list five one-click coin issuance platforms that may be more commonly used at present:
The first platform is Ethervista
Supported chains: Ethereum
Main features: The innovation of this platform is that unlike Uniswap, it does not charge 0.3% of the tokens as a handling fee, but instead charges ETH as a reward to LP for each transaction, thereby reducing the selling pressure on the tokens. At the same time, the token liquidity pool will be automatically locked for 5 days by default (but the possibility of token creators dumping the pool is not ruled out).
The second platform is SunPump
Supported chains: TRON
Main features: The product itself does not have many special features. Similar to Pump Fun, SunPump became popular mainly due to the strong marketing ability of Justin Sun, the founder of TRON.
The third platform is Ticket Fans
Supported chains: Bitcoin
Main features: It is known as the first Memes launch platform on the Bitcoin chain. The platform has added a Fans Ticket mechanism designed specifically for KOLs, which is convenient for scenarios such as community payment and fan economy. In addition, they also mainly use sidechain MVC for on-chain transactions to improve convenience.
The fourth platform is Pump Fun
Supported chains: Solana
Main features: Pump Fun is the leader of one-click coin issuance platforms. It was officially launched in January 2024. It is currently the largest and most active MemeCoin launch platform. As of the time of writing this article, the number of MemeCoins created through this platform has exceeded 2 million. It is based on a unique binding curve pricing model to promote the fair launch of MemeCoin. Later, many platforms were actually imitating the Pump Fun model.
The fifth platform is Four Meme
Supported chain: BNB Chain
Main features: It is claimed to be the first fair launch platform for Meme coins on the BNB chain. The product itself does not have any major highlights, and it is probably a project that takes advantage of the popularity. However, the project owner behind the platform seems to have some marketing skills. They not only used CZ's classic "Four" gesture as their LOGO, but also have a serious Airdrop points column (to paint a BTC for users).
Of course, in addition to the five one-click coin issuance platforms we mentioned above, there are actually many similar platforms. But looking at the major one-click coin issuance platforms, we can also clearly find that: although the form of each product may be different, it seems that the product is not the primary productive force, and liquidity is the kingly way for the development of these platforms. Only continuous liquidity and wealth-creating effects can make retail investors flock in and participate in them. This type of platform first became popular with Pump Fun on the Solana chain, and then SunPump also became popular with the help of Justin Sun some time ago. Then Four Meme on the BNB Chain also began to try this and made great use of KOLs to promote it on social platforms. However, before the popularity was fully up, Ethervista suddenly appeared at the beginning of this month (September) and became popular. At the same time, it attracted the attention of many people with the surge in its own coin price VISTA, and even raised Ethereum's sluggish Gas fee. I don’t know whether this MemeCoin issuance trend will continue to blow to other chains, but from a liquidity perspective, Pump Fun currently seems to be the king of this field.
2. Can ordinary people make money by issuing MemeCoin?
After briefly reviewing the MemeCoin one-click coin issuance platform, let’s continue to discuss the topic mentioned above: Is it reliable for ordinary people to make money by issuing coins?
The definition of ordinary people we mentioned here is: people who have just entered the encryption field or do not have a deep understanding of the encryption field and do not have any code programming foundation, but hope to make money by issuing coins.
Let's continue to use Moonshot as an example as an example:
As for Moonshot, we have previously introduced it in the article of Hualihuawai (June 27). It is a MemeCoin one-click coin issuance platform based on Solana chain. It can be regarded as a replica of Pump Fum. It is a product of DEX Screener (one of the most well-known DEX aggregator platforms). Once the market value of the tokens issued by users reaches 432 SOL (about 58,300 US dollars), all remaining tokens and liquidity will be automatically migrated to Meteora or Raydium, and all liquidity will be permanently locked. One of the biggest features of this product is that the tokens are integrated with the reward system for token developers and the top 50 holders when they are migrated to Meteora. As shown in the figure below.
That is to say, when the market value of tokens created by users reaches 432 SOL, the tokens will be automatically migrated to Meteora, and Meteora's MemeCoin pool will lock 20% of LP tokens (income) to the creator, 10% to Moonshot, and 70% to the top 50 holders at the time of migration (the top 50 holders will be snapshotted on the chain during migration). This means that creators and some coin holders can continue to claim LP rewards through Meteora (users need to claim manually) and the greater the transaction volume in the future, the more revenue they will get. As shown in the figure below.
According to the above gameplay, if you want to use the Moonshot + Meteora model to obtain long-term benefits, there are two main ways: one is to create the token yourself (become a creator), and the other is to become a major holder of the token (top 50).
The process of creating a token is actually very simple. The one-click coin issuance platform does not require any code foundation. You only need to fill in some basic information and submit and create it. And to create a token, you only need to pay a startup fee of 0.025 SOL (about 3 US dollars).
But as we mentioned above, there don’t seem to be that many pure white leeks now. It’s easy to create tokens but difficult to market them. If you simply create a product with no official website, no community, and no story, and then leave it there, it’s actually difficult to attract more leeks to participate without some effective marketing promotion. Therefore, it’s not easy to get the market value of the token you created to 432 SOL and migrate it to Meteora.
As for using your own wallet (such as multiple wallets) to purchase the tokens you created at the same time and becoming the top 50 coin holders before the token migration is completed, this matter does not seem to be easy to grasp without sufficient preparation, because your "pulling the market behavior" can easily be reversed by more professional players.
Let’s take a quick look at the on-chain data about Moonshot:
As of the time of writing, 33,677 wallet addresses have created 82,212 MemeCoins through Moonshot, but the migration success rate (i.e. the number of Finalized tokens) is only 0.34%. I also saw a wallet address that created a total of 182 tokens, of which only 4 were in the Finalized state. As shown in the figure below.
In short, it is theoretically possible for ordinary people to make money by issuing coins, but the success rate may not be as high as you think, especially at the current stage, MemeCoin has been popular for several rounds, and the number of MemeCoins in various chains is estimated to be millions. If you just make a token of a three-no product, it is actually difficult to generate transactions and attract the participation of leeks. Unless you have a certain background (such as KOL, celebrity background) or certain skills, it is difficult to achieve "success" in this kind of thing.
This is where we share the content for this issue. You can view more articles on the homepage of Hualihuawai.
Disclaimer: The above content is only a personal point of view and analysis, and is only used for learning records and communication, and does not constitute any investment advice. The encryption field is an extremely high-risk market. In addition to various forms of phishing attacks and pig-killing schemes, many projects also have the risk of returning to zero at any time. Please treat it rationally, do not touch it if you do not understand it, and be responsible for yourself.
