How do people make millions with memcoins

[FortuneFollower]

That's the problem, they take the risk by dividing their small investment into several meme coins. The hope is that 1 or 2 will bring in profits that cover the losses from other meme coins or even generate more profits. But with so many meme coins today, I think it's quite difficult to get the right one. Especially with such fast movement, seeing a very fast pump with a high increase, but not lasting for a long time. The challenge for these meme coin investors, of course, will often miss the time to sell.

Only if you've got good KOLers or bots for you notify you about potential memes and their communities to analyze them and maybe - get invested in them.
Memes are the graveyard of depos, everybody should remember that.

[dunfida]

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

Most memecoins are just created to scam people, scammers will create it, and they will pay influencers money to help them hype it, and sometimes influencers are always part of the scammers team, after promoting the coin and there is hype, they will end up dumping it on people that invest in it. That’s why I do encourage people not to follow all these influencers and celebrities blindly. If they post anything, always make sure you do your research before investing, and I will never encourage anyone to even invest in all these memecoins because I know the risk involved in it.

Yes, of course, as you said, memecoins cannot guarantee profits because they require support from influencers so that their tokens are in great demand instead of many enthusiasts and there is hype. I am not forbidding investing in memecoins but still prioritize deeper research before you invest, this year many meme coins that are being targeted by investors all appear immediately hyped and continue to grow. Meme coins are tokens that do not have a bright future and also have a high risk. Please be more careful with your money before investing.

This is more ideal actions to do since by researching the background of meme coins we could find out if they could at least last for many months. We can't deny that there are launched and dump meme coins out there that's why we need to be careful on those schemes since for sure we are in losing side if we pick up the bad projects. But I'm not thinking about getting millions from meme coins since what presented profit when they launch there project or there's a mini bullish run is enough for me. I immediately sell once I'm in profit since I don't have any huge trust on meme coins since so far it gives me impression that all of this tokens are scam.

Finding out any other related things towards meme coins is something that wont really be able to precisely be able to know yet information into these kind of moment or times wont really be that clear since it is really just that starting up. When dealing up with meme coins then it wont really be something so simple yet this could really be considered out to be gambling in my part yet despite on having those applicaitons in terms of analysis then it wont be able to do so since just like been said that we are still on the early phase. Any information and other correlated things couldnt really be possibly be able to acquire and thats why on the moment that you've decided on taking up some meme coin investment then prepare yourself about that higher chance on getting some pump and dump  token.

Although the good thing when you do deal up with memes and avoiding some potential rugpulls is that you do able to check out some tools like rugheck, sniffer and others on which you can be able to determine on what are the possible problems or issues on the said token. We do know that there are those locked liquidity or renounced or something on which this is also an important thing to consider on dealing up with these tokens. If you wont really be that careful then most likely you will be losing tons of money.

[fullhdpixel]

Diversify and conquer - most of the memes you would buy would become rubbish in a week or so.
Always weigh your risks while going into the degen trenches.
SOl is the best due to the bots it has to do the trading of memes as conveniently as possible.

Greedy peoples never thought about ground realities as they want some quick bucks and this always hurt many badly meme never works because we all know it's hell for the investors but still peoples are jumping it's all happening due to some influencers on social media because they are paid for this, and they are also having share from these tactics real peoples never do things like these as they understand consequences investment in meme mean jump into hell.

I agree that it would be wiser to go into BTC, however - trying the meme path out is too a hell of a journey.
Only with the money you are willing to spend, that is.
Only a small percent of people get something out of them, I totally agree with this.

Investing in bitcoin is always wise decision, but peoples never thought before having anything wrong because we have mind those want to become quicker rich, and mostly they dig into graveyard of the meme where no one came out easily because we have just influencers and scammer developers take advantage all investors usually crying after losing their money.

We need to think before having decision is always better instead of having lost and then learning just invest wisely and never regret after having anything bad in greediness.

[davis196]

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

Making money via memecoins? This is called a rug pull and it's a scam(even though it might be "not completely illegal").
There's a platform, where you could make memecoins on the Solana blockchain. The website is called pump.fun. You just create your memecoin and invest several SOL in the initial supply to pump the price. If you do some marketing and shilling, your memecoin might start pumping. After a while, you sell and rug pull all the "memecoin investors". This is basically something between gambling and a Pump-and-Dump scam. I don't recommend anyone doing it. Sooner or later, the platform pump.fun will have to shut down.

[Patikno]

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

I see buying Memecoin is almost similar with gambling your money in Jackpot, no one knows when or who will win the money, just test your luck in it and go with your gut feelings. As far as I'm concerned, memecoin is all about who put their money first then take the profit right before everything go bad since it won't stay long and only ride the hype of what's going on around us, just like what you explained.

[bitgolden]

You see a few that makes a million from it, and do not see a million that makes nothing. There are plenty of people on social media that ends up sharing their big wins, and that makes it quite interesting of course, but that doesn't mean that we are seeing something unique here, because people who lose all their money do not share that, and even if shared, it doesn't get spread around viral like the winners.

So, the people who make millions from memecoins exist, only thanks to people who lost all their money on memecoins, millions of them. The success rate of memecoins is incredibly low, a few do very well but many don't and it is not a great method of making money, people should stay away from them as much as they possibly can.

[sunsilk]

Being encouraged investing on a memecoin is totally like a gamble. Those that you see earning millions from their investments there are true gamblers. You'll never know which memecoin is going to pump a lot and what is going to lose you money.

But it is most likely that you'll get the latter when you don't know what you're choosing from. Those that advertises that they've made a lot of money from memecoins and even millions could be part of the marketing but I don't doubt those that genuine ones.

The thing is, out of the many investors there on these memes, only a few of them reaches that much x return and ROI that reaches to millions.

[mich]

Well I do not think you can make millions from the meme coins like you think this way. If a person if making millions like this well then they are a scammer or are making a 'rug pull'.
Something like this just did happen with a celebrity called ‘Hawk Tuah Girl’. She made a meme coin and then it did crash so all investors lost their money.
This meme coin did go to $490 Million before the 'rug pull'. And she made profit of $3 Million.
https://decrypt.co/295179/hawk-tuah-girls-meme-coin-faces-allegations-of-rug-pull-project-leads-deny-wrongdoing

[bitzizzix]

Most memecoins are worthless and even end up as scams. However, if you pick the right memecoin by doing thorough research and getting in early and finding information that allows you to evaluate how much the price is likely to drop in a few months or a year. And memecoins can make huge profits and it all depends on timing and a little bit of luck and a keen understanding of when to get out and sell before potential losses occur, it is not as easy as we think and it really takes skill and experience to do it so you can make huge profits and I can't say you will make millions of dollars because it all depends on the memecoin you choose to make that much profit.

[Mahanton]

Well I do not think you can make millions from the meme coins like you think this way. If a person if making millions like this well then they are a scammer or are making a 'rug pull'.
Something like this just did happen with a celebrity called ‘Hawk Tuah Girl’. She made a meme coin and then it did crash so all investors lost their money.
This meme coin did go to $490 Million before the 'rug pull'. And she made profit of $3 Million.
https://decrypt.co/295179/hawk-tuah-girls-meme-coin-faces-allegations-of-rug-pull-project-leads-deny-wrongdoing

For scam devs or owners but actually there are people who do get millionaire with meme coins like on the list.

1. One of the standout winners of 2024 is known by the alias stupidmoney.sol. The crypto investor turned a humble $727 investment into $2.24 million through trading the now famous GOAT token.
2. The second story belongs to an anonymous trader. His investment in the Solana-based token Numogram (GNON) turned a modest $3,000 into $9 million in three days.
3. Another trader turned $1,800 into $11 million by investing in Dogwifhat (WIF), a trending memecoin in early 2024.
4. Dogecoin has long been a meme coin favorite, and SlumDOGE Millionaire is one of the most well-known investors to have made it big with DOGE. Starting with a modest investment, this trader saw their portfolio grow past $1 million during Dogecoin’s epic bull run in 2021. T
5. In one of the most remarkable stories, a crypto trader turned an $8,000 investment in Shiba Inu ($SHIB) into $5.7 billion during the memecoin’s meteoric rise in 2021.
6. Wintermute, a leading global algorithmic trading firm in digital assets, has been actively accumulating $NEIRO, a memecoin built on Ethereum. Since September 6, Wintermute has amassed 62.45 million $NEIRO, worth $7.39 million—equivalent to 6.25% of the total supply

and much more...
Source : https://www.webopedia.com/crypto/learn/memecoin-millionaires/

This is why if we do try to look into those decentralized exchangers and look out on the volume on where it is really that involving billions of dollars which do really shows about that huge interest on dealing up with memecoins on trying to catch up that potential gem.

[markopolskiman]

I think if a token has no limit on its supply, you shouldn't expect big earnings or long-term success. Not sure about meme coins, I haven't looked into them. But I do know projects like earnm or stormx, or even their combined imo project, and I haven’t found anything quite like it. Not sure if you’ve heard of it, but these tokens come from simple online activities or cashback for purchases. Why these projects? The tokens themselves are super valuable. It’s better to stake them than sell them, because either their supply is limited or decreasing, or holding them gives you more benefits.

[tygeade]

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

The idea that people are making this much money with memecoins is something that was introduced by influencers, not a reality. There are either a few that actually did it, and some who lied about it, which got famous. In reality, majority of people who joined the memecoin market actually ended up losing money.

Because most of the time these big names get in early, make it pump, others join later, the early investors cash out, crash it, and rest are losing money. So believe me, people are not really making money, not millions but not even thousands, most of them are actually losing money and we just have to accept that, there is no way around it, we just have to realize that we can't make this change anytime soon.

[hero_the_bossman]

The idea that people are making this much money with memecoins is something that was introduced by influencers, not a reality. There are either a few that actually did it, and some who lied about it, which got famous. In reality, majority of people who joined the memecoin market actually ended up losing money.

Because most of the time these big names get in early, make it pump, others join later, the early investors cash out, crash it, and rest are losing money. So believe me, people are not really making money, not millions but not even thousands, most of them are actually losing money and we just have to accept that, there is no way around it, we just have to realize that we can't make this change anytime soon.

Memes are getting only a small fraction of its traders happy and rewarded.
Others become exit liquidity, as sad as it is.

[Taskford]

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

The idea that people are making this much money with memecoins is something that was introduced by influencers, not a reality. There are either a few that actually did it, and some who lied about it, which got famous. In reality, majority of people who joined the memecoin market actually ended up losing money.

Because most of the time these big names get in early, make it pump, others join later, the early investors cash out, crash it, and rest are losing money. So believe me, people are not really making money, not millions but not even thousands, most of them are actually losing money and we just have to accept that, there is no way around it, we just have to realize that we can't make this change anytime soon.

People always caught on easy rich schemes stories that's why many of time piled up with those scams. They late to realize that meme coins are just scam and there's really nothing to get there.

If they always follow those shillers then let their selves those wrong information feed up to them then they are usually common target of those scams. That's why they should always base their investment decision thru the research they have done so that there's no scams would fool them and they can also do due diligence before participating on something to avoid or lower down the chance that they get scam.

[Kelward]

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.

Memecoins can be likened to Ponzi schemes, they rob many to profit a few then they die, end of discussion. They don't have utilities therefore don't have any potentials to rally and reach new ATH. Their main victims are newbies who gets carried away when they hear hypes on social media and from fellow ignorant people. Experienced crypto holders knows better than to use significant amounts of money to buy meme tokens because they know that they're gambling their funds. They get in early and exit early before it dumps on experienced people that are still waiting for the next ATH which will not happen. Most memecoins are scams, the owners will exit at their planned peak and go down with people's funds.

[cute nmp]

Either they are lucky or they are insiders meaning they have a lot of information about the project so they know the perfect time to buy and right time to dump on the rest of the public.

[jayman5]

Think the game is up on meme coins tried it out summer 2024 and some made large profits, others rugged, in the end just returned to a natural position as used up all the gains on rug pulls, got bored and concentrated on building up my bitcoin instead.

Then when Trump meme came along it was too good to miss and i made a 3 x profit.

This is because memes are all about trust, if you can identify the dev its unlikely they will commit a crime and rug people, that person could end up getting hunted down by those that lost money, or maybe one of the victims is the son of a senior boss of the FBI financial crime unit. "don't worry son we`ll get him".

The idea that a president of US will commit a serious financial crime 3 days before inauguration is almost as crazy as your gran robbing a bank.

That why millions poured money into it because of this trust.

This renewed my interest and spent two weeks after re-visiting memes and just lost the small bets i placed. The state of the meme market now compared to 6 months ago is terrible, 99% are rugged or die quickly, the only way to realistically trade is via trading bots like bonkbot, (dont bother with the connecting your phantom wallet to radium its useless)  the fee% taken off are higher the lower your trade so if you bet 0.1 sol you will start at a -25% loss that you will have to make up anyway before you go into +profit.

So you either bet higher & risk losing more for lower % fees or carry on tiny trades and start out 25% down each time.

On my YouTube feed next to the usual crypto / alt coin videos ive started seeing recently videos "how to rug" etc.. claiming "educational purposes only", i saw a couple out of curiosity,  one was a 20 something low IQ sounding moron telling everyone how he does this, reminded me of the story of the 1929 crash when a stockbroker recalled how the shoeshine boy was telling him of all the stocks he had, he said after that encounter he knew it was all coming to an end.        

[Velemir Sava]

That why millions poured money into it because of this trust.

This renewed my interest and spent two weeks after re-visiting memes and just lost the small bets i placed. The state of the meme market now compared to 6 months ago is terrible, 99% are rugged or die quickly, the only way to realistically trade is via trading bots like bonkbot, (dont bother with the connecting your phantom wallet to radium its useless)  the fee% taken off are higher the lower your trade so if you bet 0.1 sol you will start at a -25% loss that you will have to make up anyway before you go into +profit.

So you either bet higher & risk losing more for lower % fees or carry on tiny trades and start out 25% down each time.       

Quick return on investment and quick profit increase options are what everyone wants. Buying memes is the same as participating in a betting event, sometimes winning and losing, but that condition does not always suit everyone. If he is active and updates the news, he might have and opportunity, but on average he doesn't. I have quite a lot of losses in memes and have switched to normal and less speculative ones at this time.