Bitcoin Forum

I've been noticing most pump.fun memecoins lately have been rug pulls. I first saw Billy around a $9 million market cap but dismissed it due to its contract address.

It then surged to a $100 million market cap. Research showed Billy was born on Pump.fun in early June. Shortly after launch, the developer sold all their tokens within 20 minutes for $1,116. That amount of BILLY would be worth nearly $6 million at today's price.

Uniquely, the community took over the project after the original developer disappeared. Now, community members run the project's social media and Telegram.

I'm wondering if Billy could be another $WIF, as it's fully community-owned and gaining attention.

What do you think about Billy? Is it advisable to buy now or DCA instead?

I just checked the $BILLY meme by looking at the semiannual chart showing an increase of over 350%+ the market capitalization has now reached $126M but I'm not sure this will be the next $WIF meme.

Not to curse the meme you mentioned but are you sure the developer has disappeared and doesn't have tokens anymore? Now that the community is in control they are creating hype for people to fomo this meme.

Back to your decision to buy or not, if I myself am not sure anymore on meme coins and the right DCA remains on bitcoin.
The decision is yours.

I'm not saying that it won't go up(because it can, depending on how crypto in general will move), but it's pretty hard to get memecoins as big as WIF at this point due to the huge number of competing memecoins already. Both capital and attention have been heavily diluted already.

It's definitely one of the newer memecoins that I've seen a good amount of shilling from decent influencers tho.

It's like any other memecoin.  Useless in nature and depends on mass movement from people to swing it upwards.  It's all a gamble so when people talk technical analysis on memecoins ypu have to just laugh it off.  Greed runs the entire sector.  But if you are trying to guesstimate if one memcoin will match another memecoins success you won't get any real good answers.  People with a bag will tell you yeah...because of their greed.

Having observed various of meme coins so far that make it big, i've seen pattern where meme coins that got shilled hard by big influencers always somehow rise, despite it's most likely that these influencers just simply shilling their bag, but right now the market cap of $Billy is already above $100 million, even if it reaches half billion it's only 5x, and yes i think 5x is lackluster of a gain considering meme coin and its risk.

but honestly after $BRETT massive pump, i don't expect money to flow in to another meme coin in the meantime, other meme coin can always have the chance get pumped as high as $WIF but always know that there's no guarantee at all. Personally, since BTC just recently got dumped, the new meme coins exposed to situation where it's most vulnerable to sudden dump, but of course there's chance that the price might not follow bitcoin trend at all for some of meme coins.

It's a bad token to invest in. The community now controls it. But, I'm sure an influencer drives the hype behind it. It's not even advisable to buy now or DCA billy token, but if you are willing to take the risk by yourself, then you can do it whatever you want. Then again, i see no potential for bully to be another WIF because the hype is not as big as WIF.

https://i.postimg.cc/Lsd6ZJJY/image.png

Based on the chart above, there may be a last wave to come soon. But, it is very risky to gamble during a bearish market. The bitcoin dump may be also eating your money invested on billy.

And, i think it's too late to invest in billy. I feel worry if you gonna be used as exit liquidity by the influencer who hyping this meme token. And last, take care of your money, please.

You know community tokens often does well. Might be short lived but they always do well. Billy is one..been tracking it even before I saw this thread. Last I checked it was around $124m in map. They're spreading rn. Was introduced to Bitget market earlier. Probably gate would be next and maybe binance if they've got the juice .

I have never been lucky with memecoins and only hear about projects like WIF and BILLY only after they have launched. The entire concept of memecoins don't move me much but since it is better to make money in this space than to fight very hard to be right makes me entertain the idea of memecoins. As for my advice on whether or not you should buy BILLY outright or create a position via DCA, I can't say. You should know that whatever anybody tells you about memecoins should be taken with a grain of salt as memecoin are just one bad cycle or news to go to zero.

You have a point here. I've been looking at $WIF the same way I see $PEPE and $SHIB. I only noticed WIF when it reached a billion-dollar market cap. So I thought maybe $BILLY might be a good opportunity as it has a very strong community behind it.
I understand that memecoins are for temporary holdings, but it's better to take a risk at times instead of letting everything pass by.

Well after the main team already sold off their bags of coins and thinking that the project will be dead after then, community took over and saw the coin to a successful stage right now, @although we have to pay a close attention to how those memecoins react to market pressure and how best their handle the promotion, because some of those memecoins are just pour hype and if you take them for long term investment, you will be surprised on how disappointing you will be,.


Memecoins will have some level of success, but those coins that will record those success may have not been known by now, and some of the present popular coins may not make it to the top in terms of long term success.

We don't know for sure whether BILLY is WIF in the making but speaking from experience, a coin that tries to copy existing concept usually never outperform their predecessor so that's to think about.

what makes WIF what it is today with 2 billion+ market cap is exposure to massive capital in the most popular exchanges such as OKX, Binance, Bybit and few other more, if BILLY just dumps before it can even hit those big exchanges then I doubt it will be as big as WIF, many meme coin losing momentum before they can even get listed in big exchanges.

but if i'm being frank, nobody has any idea which meme coin gonna make it as big as WIF.

Pure hype again, I'm not against with these random meme coins that will pump randomly - if you are for profits, take the chance that you will be early to enter because for sure it will be a bloodbath especially we just went back again above $60,000. Expect altcoins and memecoins will random pump again.