Bitcoin Forum

Scrolling through the streets of X, I saw something captivating. A new meme in the Solana chain called EPIK, here are some details about it;

🚀846M total supply
😎 low mcap 34.5M
🤷24hr trading vol of over 17m..

With this features, is it convincing enough for you as a memecoin?
https://i.ibb.co/KsB54bT/IMG-20240417-WA0058-1.jpg (https://ibb.co/2MRFVWG)
https://i.ibb.co/Hh4cB3M/IMG-20240417-WA0056.jpg (https://imgbb.com/)

There are so many such projects in the solan ecosystem and all of them will die in a year. I understand that you only provided information, but it has always been very dangerous to invest in such projects. I usually hear a lot of news about crypto users losing their money in such projects.

Do you think that Twitter followers are an indication of a good project? These followers are sold for tens of dollars on the black market, and even activity and advertising campaigns can be faked.  ;D ;D

Solana meme token is a perfect example of a token that wants to seize the opportunity, as their strategy will depend on a small supply quantity, a large closed quantity, sufficient liquidity to pump up the price, intense promotion on social media and then the price explodes upward, many investors come and suddenly everything disappears.

Are you familiar with the story of Icarus and how he flew a little too close to the sun?

Well Solana might do just that. I don’t think it’s actually going to cost them the main solana coin but they are just releasing SO MANY memecoins and everyone is understandably hyping it with it being a part of the solana ecosystem.

But at this point, I am seeing too much quantity and not much quality. There’s a huge chance that these ‘new sensations’ are just going to die in a few months.

EPIK has the potential to make some amazing wave in the market i'll surely ape in some when i get some time to look for entry

So many meme coins on Solana are making waves but they are good on initial hype after a few months, a new meme will come along with a better promise from previous memes in the market, and the old memes will die a natural death.

Let's admit it, these memes are being looked at as profit generators by whales at the expense of small investors or newbies, they have huge funding to create FOMO in the market

So if you're going to ride in meme games be sure you know when to get in and when to get out because the memes trend is pump and dumps and whales' playing field.

Anything is possible in the crypto market, you'll never really know which new project will fly and still be relevant in the market and gain investors trust, so just carry out research and take chances from the multitude of them, because you're going to be gambling your funds, simple reason being that we have more scam projects than legit ones. I'm not familiar with this EPIC memecoins, but if you feel confident about investing in it, by all means do so, afterall it's your money, but remember to invest the amount that you can afford to loose.

In the end, memecoin will die when the hype is over, now many may be consumed by the FOMO of memecoin solana network but this is not the best way of investing for you or anyone, this is a shitcoin that will not be valuable later.

Are you showing 6K X followers? This is irrelevant, followers can be bought anywhere you know if it's bots or humans that follow? Make sure no one takes a risk on a relatively new meme coin.

It might well be the next Solana meme coin sensation as long as it is backed by whales and investors who create an unnatural or fake demand on the coin by pumping it and creating a fear of missing out among investors who are looking to make profits.

This has been the story of so many meme coins in the market, new ones coming in to get pumped while old ones dying and they repeat the cycle.

It is true that EPIK is currently experiencing a very significant increase or is booming. In my opinion, if you like investing in memecoins that are growing, EPIK is the right choice, but you must have a strong mentality to accept the consequences of the investment you make. with memecoin, because memecoin can give an extraordinary explosion, memecoin can go down drastically and can also rise many times.

Exactly and all those total supply and market capitalization in most time are just formulation and not reality. And the way I understand those memecoins, there are some groups of friends would come together and raise that amount and deposit it to deceive people to invest and when they have taken enough money from victims then the project would have issues and die off. No crypto project will produce another coin that will come and pass it in the space. And what I mean is that no memecoin that is in Solana network that will come and over take Solana again instead it die as you said.

Be wise when dealing with this memecoins and airdrops because most of them are for trap to lure people to invest.

This is the TEH EPIK DUCK coin. I saw its name on Bitget's official account on X several days ago ^{[1 (https://twitter.com/bitgetglobal/status/1780551791676903878)]}, and I believe it was listed. Trading opened on this exchange platform on April 18 at 11:00 AM (UTC).

As for me, even if it were listed on T1 exchanges, I do not recognize these meme coins as a real and safe investment. Although many people seek profit in the first place through their investments, not everyone sees the level of risk associated with these meme coins. Even if its price reaches $0.044, there's no guarantee it will return to that level, continue to rise, get listed on more CEX platforms, or its team won't abandon it and create another coin because creating a meme coin on the Solana blockchain, creating a website, and creating accounts for its community and simple designs is not difficult or costly.

How many times investors need to watch the same movie before they know how it ends? Meme coins are useless and they are just a way for greedy and unscrupulous developers to scam whoever that trust them.

Now the developers may come up with a bunch of excuses about why their projects fail, but it does not matter, what matters is that the majority of those that decide to trust them will lose their money and will have no way to ever recover it.

You've said it all, mate. And thanks for the tip. I snagged it on Bitget Memezone... Here's hoping for market stability to help memecoins start gaining ground again

It is easy to gets bots as followers on X by paying some money. Followers doesn't mean anything unless they are active on X. Solana is now full of these meme coins after the success of a few. Not all of them will be able to replicate the same success. I am not against any meme coin but it is better to take more caution than before in investing in these coins.

I don't think Dogecoin will disappear anytime soon, and since it will exist, its success is a sign that more memecoins will try to take advantage of this success to claim that it may have future value.
Memecoin will remain with us for a while, but every once in a while a currency will appear claiming to be the best alternative to Dogecoin and disappear within months.

When I do a Twitter analyze, I see which famous people in the crypto world are subscribed to this project. If there are no such people or a few, that's the first red flag.
All projects use white and black methods of scoring their social media accounts, so the number of followers is not an important criterion.

To be fair, it sounds like you're trying to shill this coin.

No. It's an information platform and I shared informationi I found buddy👍

Believing that doge will not just disappear, the fact that Elon Musk is behind it, the oldest meme will still be the elder for other memes.
In the meantime the new memes are just trying to hype up the many enthusiasts on this one, regardless they hope to be like WIF, SHIBA or PEPE in the future but I say bullish if there are more memes like that.
I think memecoins will continue to come and go, in the sense that the old ones come out rugpull, then come again.

These type of new meme projects that hype people are not stuff you should be investing into. Maybe there is a small chance that you could do well with it at the time, but that doesn't mean that you are going to do all that well, sometimes you could do well enough and sometimes you could do terrible with it as well. I believe that we are not going to be doing that well if we are not careful.

This type of meme projects will end up making us lose a lot more money, and we should not be doing anything big with our investment into these type of silly stuff. If you really want to make as much money as you want, then you are going to end up with a result that is not going to be all that simple in the end.

The number of followers that a coin may gather has not been a useful metric for years, and this is because scammers realized that back then people began to choose the projects in which they wanted to invest using that criteria.

So what they did? Buy a bunch of fake followers cheaply and scam whoever decided to follow them, which at the time was a lot of people, so once investors realized this new trick by scammers they have been wary of such tactics, and for the most part they do not work anymore.

It seems meme coins right now are already overrated and not already worth it to invest especially on these new random memecoins.
This is my first time hearing this EPIK meme coin in Solana and right now Solana is not anymore active or hype even we saw a huge memecoin recently, the WIF memecoin.

https://twitter.com/zachxbt/status/1782130097895477469
"Only 1 month has passed and 12 of the Solana presale meme coins have been completely abandoned after raising >180,650 SOL ($26.7M).
Would avoid any future projects launched by these founders."
https://www.talkimg.com/images/2024/04/25/raX1N.md.jpeg (https://www.talkimg.com/image/raX1N)

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I'm sure the demand for meme coins will drop in a couple of months, and anyone who hasn't gotten rid of them will lose a lot of money.

Meme coins have always been overrated, it is just many investors do not want to see this fact as they want to believe the coin in which they invested has a chance to make them rich, but the failure rate of meme coins is so high and the speed at which this happens so fast, that those people will realize very soon the mistake they made.

Unfortunately it will be too late to save their capital, and due to those losses they may come to distrust bitcoin and the few other good coins that exist, which could cause them to miss the upcoming bull run as they leave this market behind.