As the heat of some AI Meme in the Solana ecosystem has cooled down, the tokens that were on fire a few days ago, such as GNON (Numogram) and GOAT (Goatseus Maximus), have also seen a relatively obvious pullback in the past few days. As shown in the figure below.
However, after Coinbase announced the launch of a new tool called Based Agent (which allows users to set up their own AI agents using a crypto wallet in three minutes) a few days ago, the AI Meme wind seems to have blown to the Base ecosystem, including tokens like Luna (Luna by Virtuals) and VIRTUAL (Virtual Protocol) starting to show strong performance. As shown in the figure below.
Now the crypto market really feels like it's in the Meme season, and most of the topics discussed in the group recently are various MemeCoin. At the same time, with Binance directly listing the contract trading of GOAT and MOODENG, the attention to the AI Meme concept has also been further promoted. As shown in the figure below.
At the same time, some institutions and celebrities have also started to participate in MemeCoin, for example, the token ai16z that rides on the a16z concept has started to explode, because the a16z partner Marc has posted two consecutive ai16z-related content, causing the price of the token to rise rapidly;
And the emergence of the BAN token has directly ignited the art concept, it is said that the DEV (which can be simply understood as the issuer) address of BAN is the address of the deputy president of Sotheby's, Michael Bouhanna.
In short, AI agent MemeCoin is on fire, and art concept MemeCoin is also on fire... I don't know what will explode next?
As a partner in the group described: Now Meme coins have become the lightning in the sky, a chaotic dance, dazzlingly bright, the real wealth is dancing in the sky. They rise like lightning and fall like lightning. If you want to catch it, or become the one struck by lightning, it's difficult. As shown in the figure below.
Now many people's way of finding MemeCoin is also relatively simple, such as they will tend to buy: the avatar looks more interesting, the website design looks better, the social platform (Twitter) has more fans, the trading volume is larger, the number of holders is larger, the group friends directly shill...
On the contrary, some of the methods used by investors to find and the things they pay attention to, the issuers of MemeCoin (dog farms, conspiracy groups) are often well aware of, so they may intentionally do some reverse design, such as specifically cater to the preferences of retail investors to carry out corresponding forgery, in order to deceive more people to participate in the transaction.
Before the topic article on the MemeCoin series, we mainly stood from the perspective of investors to sort out some ideas and method strategies. In this issue, we will change the angle to make a hypothesis: if a person wants to harvest the noobs through the issuance of MemeCoin, how will he do it?
In fact, this process is a bit like the relationship between spear and shield, with different positions, the execution angle may be different, those who are good at attacking always hope to find the most powerful spear in the world, while those who are good at defending always hope to find the most powerful shield in the world, but spear and shield is a relative or mutually exclusive process, need to constantly evolve with each other, and there is no problem of who is the most powerful.
Applied to the MemeCoin field, since investors will use different ways to select targets, as an issuer, as long as you do a good job of targeted design:
Normally, the basic information of MemeCoin that investors will pay attention to generally includes Website, Twitter, Telegram. As the issuer of MemeCoin, the investment in Website is actually very low, now there are many online tools that can make all kinds of exquisite web pages, and you don't need any programming foundation at all. As for Twitter, it's not difficult either, currently on some platforms you can buy those targeted old accounts for about $100-400, these accounts will come with over 10,000 followers, and even some KOLs will follow them. As shown in the figure below.
In addition to the basic information of MemeCoin mentioned above, the forgery of on-chain indicators will be relatively more difficult, but it can also be done by using some trading bots (or directly using ChatGPT to build bots), such as:
1. Fake the number of holders
When the MemeCoin is issued, the insiders may use sniper bots to prioritize buying a large amount of supply (such as the Pumpfun platform we are familiar with, which supports the DEV address to create tokens and buy the tokens they create at the same time), and in order to make the transactions look normal, they often use multiple (tens, or even hundreds) of independent wallet addresses to conduct sniper transactions.
Creating hundreds of wallets is actually very simple, using online tools like MCT and CoinTool can quickly complete it, as shown in the figure below. Then, combined with the use of tools like Solnado (which is an anonymous transfer protocol on Solana) to make private transfers of SOL tokens between batches of wallets, can achieve the effect of deceiving Bubblemaps.
Basic coping methods:
First, some aggregator platforms (such as GMGN) will classify and mark the wallets of holders, which can be used as a preliminary reference.
Secondly, if you cannot directly query the association between wallets through tools like BubbleMaps, you can also use on-chain browsers or tools like Cielo to query the historical transaction records and token holdings of the wallets. If the creation time of those large holder wallets is relatively new, or the transaction records are very few and only hold a single token, then more attention needs to be paid.
2. Fake the number of transactions and trading volume
Normally, the number of transactions and trading volume can also be faked through trading bots, such as setting up dozens (or more) of wallets through bots to make random buys and sells. A few days ago, I saw a partner in the group share that he bought a Pixiu coin (which can only be bought but not sold) in the MemeCoin gain ranking on the OKX Web3 wallet.
Basic coping methods:
You can try to find those wallet addresses with very high transaction frequency or total amount, but the profit may be negligible, which is most likely the wallet used by insiders to wash the volume. For example, directly through the aggregator trading platform, such as the GMGN platform, to view the PnL data of the wallet address, or use tools like Alphatrace to query the Win Rate data. As shown in the figure below.
Of course, the core on-chain data forgery we listed above is just the main part, in addition to the contract security issues mentioned in the previous MemeCoin series topic articles, which also need extra attention.
Also, don't be too superstitious about the ratings on some platforms, some ratings can also be improved by paying money. For example, DEX Screener provides a paid channel to help project parties improve the weight of their token's trend score, and the current cost to accelerate the increase every 24 hours is $3,999. As shown in the figure below.
In short, in a game where the Tao is one foot high and the magic is one foot high, we need to keep learning and thinking about improving our trading methods and strategies in order to have a better chance of getting the expected returns or not losing money, or losing less money in this field.
That's all for this issue, you can check more articles through the Followin homepage. The above content is just my personal perspective and analysis, and is only for learning and communication, and does not constitute any investment advice.
