there is an old $PEPE coin that launched on BAGS which has been sitting at zero for almost a year until Matt Furie supposedly "claimed the fees from the token"
it went from 0 to 7 million marketcap within 30 minutes
people onchain quickly realized that this was actually a hack/larp (shocker) and the coin spiraled down below 1 million
then the hacked Matt Furie X account posted the contract address to the coin and the coin went from 800K to 4 million
this whole "bro did he actually claim the fees" shit has absolutely fried the brains of onchain traders
I was up 7x on a memecoin.
I didn't sell.
I held it to zero.
Not because I didn't know better. Because greed doesn't sound like greed when it's happening.
It sounds like just a little more.
It sounds like it'll bounce.
It sounds like I didn't come this far to sell now.
I sat there and watched 7x become 5x. 5x become 2x. 2x become zero.
The coin was based off a trending tweet. Here today. Gone same day.
I still trade memecoins. But now I set my number before I buy. When it hits, I sell. No debate. No negotiation.
Because I've already paid for that lesson in full ๐
Began trading memecoins mid 2023 and i could remember vividly
Bsc and Eth memecoins were the shit back then
I also could remember Eth memecoin traders where known for holding and bsc traders where known as jeets
Solana is similar to Bsc chain ๐คทโโ๏ธ