How do people make millions with memcoins

[notMeNahh]

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

[betswift]

Memes live and die like hot cakes - that's their gist and nothing more goes from it.
It's almost never worth it 

[AbuBhakar]

Memecoin is like a ponzi which early investors can benefit to the late investors money without any real utility they offer to holders.

The description of meme coin as pump and dump tokens attracts investors that like high risk investment to pour money on it in exchange for a possibility to gain quick profit. The number of people losing money is almost massive compared to the people that gain million from it.

And most people that gain on memecoin are those inside traders such as team member, people with connections and leader of signal groups.

[fikrett]

Memecoin is like a ponzi which early investors can benefit to the late investors money without any real utility they offer to holders.

The description of meme coin as pump and dump tokens attracts investors that like high risk investment to pour money on it in exchange for a possibility to gain quick profit. The number of people losing money is almost massive compared to the people that gain million from it.

And most people that gain on memecoin are those inside traders such as team member, people with connections and leader of signal groups.

Yep - even though we are in a bull market, it doesn't matter - the likes of PNUT, ACT, and others, are the memes that are shilled like game changers listed on big exchanges for some, but for most, they mean the same - loss of depos in a blink of a day or a moment.

[john_egbert]

Memes are for those who like to flip. Like the risks and know how to manage the risks and see the communities that are good enough to do so.
Otherwise - just don't enter this rabbit hole. Please.

[Text]

Memecoins thrive on the absurdity of current events, and that's part of their charm! It’s wild how quickly the internet transforms a news headline into a coin launch. The creativity and audacity of these projects are insane, but it’s precisely that narrative-driven hype that hooks people.

I think the secret to making millions with memecoins lies in being early and knowing when to cash out before the joke stops being funny or relevant. Timing is everything in this space! It’s fascinating how anything can become a coin if it captures the right vibe.

[FortuneFollower]

Memecoins thrive on the absurdity of current events, and that's part of their charm! It’s wild how quickly the internet transforms a news headline into a coin launch. The creativity and audacity of these projects are insane, but it’s precisely that narrative-driven hype that hooks people.

I think the secret to making millions with memecoins lies in being early and knowing when to cash out before the joke stops being funny or relevant. Timing is everything in this space! It’s fascinating how anything can become a coin if it captures the right vibe.

Yeah, you either use sniper bots with high slippage or have some insides - otherwise, the chances that you would make a good profit are pretty small.

[Dr.Bitcoin_Strange]

There's a video I was watching that the presenter made a statement, that some persons (traders) that makes a whole lot of profit from some meme coins are getting insider information, not everyone body but some. Based on the evidence he presented, which was about three different wallets that continuously buys some memcoins everyday and sell when price goes up, it was evident that those wallet are owned by pro traders or just some traders getting internal information on when to buy and sell.

[MAAManda]

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

Meme tokens do work in a unique way, unlike other leading tokens that offer great use cases or are game changers. Meme tokens are driven by the hype that is happening in the world, because of the reason they don't have a clear use case, I consider meme tokens more as a ponzi scheme investment. People in crypto who have narrow minds will definitely oppose my opinion, but I am sure that all of us in this forum are not those people.

[pawanjain]

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

Finding narratives for meme coins is not something very hard. Creating meme coins has become easier than ever too.
But what bothers me the most is that how do people get liquidity and how do they increase the market cap for the meme coin.
Why would anyone invest randomly in a meme coin ? There should be some way they are attracting investors and that sounds interesting to me.

[DeathAngel]

People make millions by getting in early & holding until they moon. You only really see the minority who make big money though because most of these guys chasing improbable dreams get rekt. Only allocate a small % of your portfolio into risky memes because losing everything is a genuine reality.

[Coyster]

I don't know about "millions", but a few people are lucky to make money from some of these memecoins if they manage to get in early, but for the many others who would join later, they might not be so lucky, as the earlier investors will dump on them. Pump and dump coins, that's what it is called, hype cannot hodl a coin for too long without any utility, so it will just be rinse and repeat with these meme projects, goodluck if you fancy them.

[passwordnow]

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

They won't be called meme coins for no reason. And there's also that popular hippo, right? was there a memecoin that came out of it already? Maybe he's next on the list of the meme coin developers and it's only a matter of time. Looks funny at all but many are making a lot of money from these narratives that are being brought by these news, trends, hypes and thanks to the developers that seems to be making a college assignment that becomes a real one because of the investors that funds it.

[el kaka22]

It is not really that funny when people are losing money though, it's only funny when they are making a profit. We have seen too many people end up making a loss, and because of that we are seeing the changes to be something much bigger, I wouldn't really consider it changing anytime soon. Realistically speaking we shouldn't really be considering how this could go on, and because of that we can't really consider this to be changing eventually.

What we are seeing right now is how we are not really seeing anything bigger at the moment, so we need to focus on better results one way or another. Obviously that's not going to be an easy thing to do, because people love memecoins, but stay away from them and keep investing in other stuff because when memecoins make you money then they may make you a lot, but when they lose, they crash hard and you may lose all you made and then some. So focus on decent coins instead and you could make a good return eventually.

[Ojima-ojo]

Meme coin is all about the trends and hype so, whatever is making the news and gaining limelight will be use as a coin project in meme network, this is why most of the memecoins have no users case and projects that can support their long time exititence and relevance on the market, for that it depends on only hypes to sustain the market value and recognition.


Most of the popular memecoins gains their reputation and fame through the support of either and influential figure such as Elin musk did to dogecoin that made the coin to gain popularity and value for a while.

[Coyster]

Most of the popular memecoins gains their reputation and fame through the support of either and influential figure such as Elin musk did to dogecoin that made the coin to gain popularity and value for a while.

Correct, and whenever this influential person or public figure withdraws their support, you see the coin dump immediately, that is because there was no utility in the first place, no value; just hype. I am not going to discourage people who want to get into the meme coin market, but they ought to know what they are getting into and that meme coins are not usually sustainable for the long term. The hype is already shifting to tap to earn airdrops, which is also another shitshow.

[goldkingcoiner]

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

Out of enthusiasm, people tend confuse them for investments. NFT's and memecoins are not investments, they are at best to be considered gambling.

But I am not going to hate on people who enjoy them. Everyone likes what they like.
 

[adzino]

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

You need to be extremely lucky and enter the market at the right time to make good profits from meme aka shitcoins. There are only few people that are able to do so. Others make decent profit while the rest and most of the people loses a lot investing in those coins. Also if you want to become millionaire investing on shitcoins, you need to have insider information and be so what close to the developers. Be ready to shill for those coins and then when it starts pumping, you dump it on those people you were buying. Scamming those poor unsuspecting investors is the only way to become millionaire (unless you are extremely lucky) investing in shitcoins.

[Z_MBFM]

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins

People's like meme coins not for Donald trump. people like meme coin for elon mask. old meme coin are not able to make someone millionaire without million dollar investment but the new meme coin can make someone millionaire. You already mention about PNUT was bought this coin on dex and hold for fun they are millionaire. but if you want to enjoy such advantage then you have to invest every upcoming memecoins and you have to loss many dollers also. because when you will invest on every upcoming memecoins many projects will scam also .

[pakhitheboss]

A few days back I did made a good return after investing in Doge coin. I invested a small amount of 3 figures and in the recent pump was able to get 20X of my investment.

That was a gamble I played while thinking about the US election. Strategically I shouldn't use the word gamble here but risk should be the right word. The risk I took went well.

That doesn't mean it will always go well. Therefore if you plan to become millionaire you will need to take a decision that will be risky while you invest in meme coins. If you can afford that risk and patiently wait for the outcome thay can be both positive and negative then go ahead do it.