Gas Fees and Rug Pulls: Choosing Your Memecoin Playground

[aima55]

Hey crypto fam, what a wild ride we've been on lately? It's crazy how fast sentiment can flip in this space.

Last week, everyone was doom and gloom, talking about BTC going to zero. Now? We're back to "when Lambo" vibes hehe.

This Solana ETF filing is pretty interesting. Could be a game-changer for SOL and those memecoins on its network. Speaking of memecoins, they're making a comeback, aren't they? Love 'em or hate 'em, they do make the market more exciting.

I've been doing some research on memecoins with solid communities. There are tons launching on Solana, but I'm kinda leaning towards sticking with ERC-20 tokens on Ethereum. Just feels a bit safer. Higher gas fees might deter some of those rug pulls we keep seeing.

Anyway, anyone into Bobo? It's caught my eye recently. Doxxed founder, strong community, good marketing, seems promising to me.
I'm steering clear of the Solana ecosystem for now. Too many greedy devs looking for a quick buck.

What do you all think? Are you playing the memecoin game? I'm curious to hear your thoughts on where this market's headed and what you think about the memecoin craze

[JeromeTash]

Speaking of memecoins, they're making a comeback, aren't they? Love 'em or hate 'em, they do make the market more exciting.

I don't see any sort of"comeback". The hype has been on for a long time but we shall see what happens in the next bear market

I've been doing some research on memecoins with solid communities. There are tons launching on Solana, but I'm kinda leaning towards sticking with ERC-20 tokens on Ethereum. Just feels a bit safer. Higher gas fees might deter some of those rug pulls we keep seeing.

To be honest, I don't see how the gas fees will deter rug pulls, given that the end game is usually to scam users anyway. This is all at the victims' expense. ERC-20 is now less popular compared to other chains with less fess.

Anyway, anyone into Bobo? It's caught my eye recently. Doxxed founder, strong community, good marketing, seems promising to me.
I'm steering clear of the Solana ecosystem for now. Too many greedy devs looking for a quick buck.

have checked the specifics, like if the token is mintable? Locked tokens in the liquidity pool?

[BitMaxz]

It seems that memes are dying I don't see any comeback yet the only top trending meme is $Pepe under ERC20 and the $Scrat under the Solana chain.
I don't see any crazy comeback yet maybe due to the recent bearish week and Bitcoin seems to retest at $59k so the bearish is not done yet we might see the comeback after a few more days, not today.

I never heard about Bobo I tried to check it on Coingecko and there are 3 results it's a bit confused about which one because the other Bobo is under Solana chain and the other one is under ERC20 with a different price. So you might be talking about Bobo under ERC20?
What I see is a massive price increase since last year about 22814.6% which pretty good if you bought it at first launch but right now I don't think it would be a good idea to buy this unless you are a risk taker and this is not good for long term holding since it does have very low liquidity and only few exchanges listed this token.

[JeffBrad12]

Anyway, anyone into Bobo? It's caught my eye recently. Doxxed founder, strong community, good marketing, seems promising to me.
I'm steering clear of the Solana ecosystem for now. Too many greedy devs looking for a quick buck.

There are lots of meme tokens used BOBO as their tickers, but it seems you mean about what i have mentioned in the picture below.



BOBO is currently overpriced, but given that it still has a tiny market capitalization and has the potential to double, I believe a little investment in this cryptocurrency is rather reasonable. It has been listed on Bitget and Mexc.

However, I agree with your remark that the high gas price may be causing scammers to think twice before flooding the network with so many fake tokens like Solana.

What do you all think? Are you playing the memecoin game? I'm curious to hear your thoughts on where this market's headed and what you think about the memecoin craze

It sounds good and is quite similar to my MEW token. I playing memes only when they are listed on a medium-tier exchange platform such as Kucoin. The meme craze is affecting all of crypto traders, and it is the most effective technique to make a lot of money in a short period of time.                                                 

[X-ray]

solana has become den of celeb tokens finding exit liquidity while their narrative over twitter is creating coin for the community, really its just them trying to find some vulnerable greedy people to dump their bags.
so it's good that you trying to avoid this one and i'm doing the same too.

honestly i'm not really interested in the new meme coin anymore, knowing that most of them hardly could make big market cap anymore, I just stick with the meme coin with market cap of $300 million and beyond and the ones that already got listed in big exchange while also having good trading volume, because lately they give good profit enough, no need to take unnecessary risk.

in regard of the coin $BOBO you mentioned just a little information from my analysis it seemed like it has market cap of $121 million yet having trading volume just a little bit more than $2 million it means the meme coin is illiquid while also having many holders holding the coin worth as much as the trading volume, quite the red flag for me personally.

this is top 6 - 10 address by token amount just compare it with trading volume.

[aima55]

solana has become den of celeb tokens finding exit liquidity while their narrative over twitter is creating coin for the community, really its just them trying to find some vulnerable greedy people to dump their bags.
so it's good that you trying to avoid this one and i'm doing the same too.

honestly i'm not really interested in the new meme coin anymore, knowing that most of them hardly could make big market cap anymore, I just stick with the meme coin with market cap of $300 million and beyond and the ones that already got listed in big exchange while also having good trading volume, because lately they give good profit enough, no need to take unnecessary risk.

in regard of the coin $BOBO you mentioned just a little information from my analysis it seemed like it has market cap of $121 million yet having trading volume just a little bit more than $2 million it means the meme coin is illiquid while also having many holders holding the coin worth as much as the trading volume, quite the red flag for me personally.

this is top 6 - 10 address by token amount just compare it with trading volume.

I agree with you. Those celebs are using us as exit liquidity man. I try as much as possible to stay away from the solana memes.

In regards to BOBO considering how long it’s been around, I believe it has good potential. If you look at the market cap, it’s still quite low compared to other tokens. Also, check out the volume—it’s been really impressive. I just checked today’s daily volume since it got listed on Bitget yesterday, and it’s at 58.14 billion. Once the market picks up, I think it could see some really huge numbers. That’s why I’m optimistic, looking at the volume, the number of holders, and how active the community is working for their bags

[aima55]

It seems that memes are dying I don't see any comeback yet the only top trending meme is $Pepe under ERC20 and the $Scrat under the Solana chain.
I don't see any crazy comeback yet maybe due to the recent bearish week and Bitcoin seems to retest at $59k so the bearish is not done yet we might see the comeback after a few more days, not today.

I never heard about Bobo I tried to check it on Coingecko and there are 3 results it's a bit confused about which one because the other Bobo is under Solana chain and the other one is under ERC20 with a different price. So you might be talking about Bobo under ERC20?
What I see is a massive price increase since last year about 22814.6% which pretty good if you bought it at first launch but right now I don't think it would be a good idea to buy this unless you are a risk taker and this is not good for long term holding since it does have very low liquidity and only few exchanges listed this token.

I’ve been hearing a lot about SCRAT lately, though I haven’t followed the project closely. It seems to have gained attention and been listed on several exchanges. Despite its low market cap, I personally am not interested in it. The project I’m talking about is under ERC20, and it just got listed on Bitget exchange yesterday. I think it shows promise. Personally, I’m someone who takes risks; I’m prepared to lose any amount without feeling too bad about it, even though losing money is never ideal. In crypto, if you’re not willing to take risks, it might not be the right space for you.

What really caught my attention about this project is how active the community is in supporting it. If you check Twitter, you’ll see a lot of people talking about it and pushing the project forward. The volume and the number of holders also stand out to me. That’s why I’ve taken an interest in this project. I’ve already bought a medium-sized bag yesterday, and I’m hopeful it’ll yield good returns in the long run.