NARRATIVES: How do you actually find good coins?
In this thread, we’ll dive into one of the most common questions: how to find good narratives in memecoins.
🧵👇
after ~2 months of being mostly disconnected from the market (i kept an eye on things, but far less so than usual), i return to the current memecoin landscape with similar conclusions:
unvampable, crypto-native memetic narratives with no expiration date remain the most sound bets for capturing sustainable upside in properly bullish conditions; crypto-native narratives that exist perpetually, without correlation to any trend, headline, event, etc. that exists outside of this space
at a given point in time, the valuations of coins in this category are primarily correlated to on-chain liquidity dynamics & macro market conditions — while these coins may not be “undervalued” in the present conditions, their current valuations are microscopic in contrast to the valuations they have potential to reach when the right conditions are met
while participants await said conditions, the idea for most is to rotate daily shitter-profits from short-term narratives (“hot potatoes”) into coins of the aforementioned category — the primary obstacle for the collective of participants (all of us) is that each individual participant has their own liquidity circumstances, and that is what causes the majority of volatility in the prices of these long-term “legacy” coins as holders rotate in & out (frustrating for hodlers)
due to those individual liquidity circumstances, a large chunk of the “collective” must (usually with temporary intentions) rotate out of their long-term bets if they wish to participate in day-to-day, week-to-week, short-term narratives — this creates an ebb-and-flow in the price-action of these “legacy tokens” as holders sell to participate elsewhere, hoping to rotate back with profit (though, many do not succeed in this due primarily to their own trading habits; fear, greed, etc. and end up with less tokens — F)
most participants are aware of the power that rests in memecoin narratives of this sort, but because they believe they “have enough time” to trade & stack before explosive bullish conditions arrive, they choose to chase and race against the clock with the goal of ending up with more tokens — over time, through extensive token distribution & price-action, this process eventually comes to a head, and these tokens reach escape velocity; leg up, new highs, FOMO, “obvious in hindsight,” rinse & repeat
the narratives of these tokens have not expired (and will not), their communities have not vanished (often the contrary; lower price = more attractive entry), the memetic thesis cannot be simply invalidated … when their prices are down, it is most often as a result of the collective’s on-chain liquidity dynamics & temporary capital rotation while participants await sustainably bullish conditions (or daily & weekly macro volatility)
the ability to separate a token’s long-term potential from its current valuation, sentiment, and mindshare at any given point in time is key to capitalizing on the market’s inconsistencies — this is where conviction (and patience) come into play; your own conviction in such a narrative is what allows you to position most effectively while others may attempt to chase elsewhere; through patience, your positioning intersects with profit
everyone wants to park their capital (“shitter-profits,” etc.) in tokens like these as the inevitable bullish conditions approach, and as those conditions approach, their floors will continue to rise higher, and higher (at varying rates), until new all-time highs are broken and escape velocity is achieved
… because, again, their narratives exist perpetually; they do not expire; they aren’t based on an external subject; they are tokenized artifacts of memecoin culture, and the more time that passes (and hence, the more time a coin has had to distribute its supply among many holders — very important), the more cemented into that culture these tokens become, further establishing their position as multi-cycle “legacy” memecoins
culture & legacy is everything!
There are two options to making money in memecoins
You either
> spend all day staring at new launches, buying and selling thousands of times a day, holding for seconds, reading the most dogshit narratives ever created
> take an hour out of your day, scan for the best performing memes of the day, see if anything is obvious and could be a big runner, buy and hold
One option has you trapped staring at a screen for longer than a 9-5 would, and the other lets you actually live life
One option gives you the worst habits you could have in this industry, the other does the complete opposite and puts you in a better mental mindset
The choice is ultimately yours but it shouldn’t really even be a choice
I am back as promised :)
Time to start the $50 → $100,000 challenge
It’s ZERO-RISK, I’ll cover $50 for each participant
Last time it took me about 12 days, will try doing it faster this time
If you want to follow along, comment "Me" below and I’ll send you an invite to the call group
Gonna lock comments in 24 hours
This trick has been saving me from getting rugged multiple times trading memecoins.
When a coin bonds and I'm hesitant, I don't just stare at the chart anymore.
I take the CA, open Solscan, and go through the transfers from the first set of buyers.
I learned this the hard way.
I bought a coin I was extremely bullish on.
The chart looked healthy.
Real bids were coming in.
The psychology of the chart felt organic.
I thought:
"People believe in this narrative as much as I do."
So I held.
Big mistake.
What I didn't check was where the sells were coming from.
On Terminal, I noticed something I completely missed.
20+ wallets were constantly sending tokens to one wallet.
That wallet was clipping $1k -$2k at a time into buyers.
The buying pressure was real.
But so was the hidden distribution.
From the chart alone...
You'd never know.
Price was holding.
People were bidding.
Sentiment was strong.
Meanwhile supply was quietly being consolidated before getting dumped.
Now, before I size into a trade, I ask myself:
Who owns the supply?
Where is it moving?
Are top holders distributing to fresh wallets?
Those answers matter more than another green candle.
I even keep notifications on for wallets that are top holder to avoid this problem.
If I see large amounts of supply suddenly getting transferred to a wallet that's been selling...
I'm immediately on high alert.
This doesn't guarantee a rug.
Sometimes teams consolidate for legitimate reasons.
But if you consistently see dozens of wallets feeding one wallet that's repeatedly selling...
Don't ignore it.
The chart tells you what is happening.
The blockchain often tells you why it's happens.
Learning to read both is making me a better trader.
The alpha isn't always on the chart. It's on-chain.
I'm literally giving you guys the tips nobody shared with me when I first got into trading memecoins.
I blew paycheck after paycheck.
I chased every runner.
I held losers too 0.
I refused to take profits.
I was depressed, losing hope, and thought maybe I just wasn't cut out for this.
Then one of the OGs took me under his wing.
He didn't give me "alpha."
He taught me discipline.
How to size positions.
How to scale out.
How to be patient.
How to protect my capital.
That's when everything changed.
The biggest lesson he taught me was this:
The $100,000 isn't made on the day you find the winner. It's earned through the habits you build before you ever find it.
I already believe that $100,000 is mine.
The only thing standing between me and it is whether I trade with the discipline of someone who deserves to manage $100,000.
That's why I'm sharing everything I wish someone had taught me on day one.
You guys have no idea how hard this journey has been.
I went from 6 SOL to 30+ SOL... then all the way back to 0. I had to borrow SOL, pay it back, and start over from scratch.
Then I turned 0.7 SOL into 15 SOL... and lost it again.
I've blown up my portfolio more than once. Every single time, I questioned whether I should just walk away.
But if it wasn't for you guys constantly messaging me, encouraging me, and reminding me not to give up, I honestly don't know if I'd still be here.
I haven't reached the finish line yet.
This comeback isn't guaranteed. I still have to earn it.
But when I do make it, every single one of you who encouraged me, believed in me, and helped me along the way won't be forgotten.
I won't forget who was there when I had nothing.
Thank you.
if the coin is at $7k
you’re about to get farmed.
if the top wallets all hold $200 in SOL and nothing else
you’re about to get farmed.
if the person who scanned it isn’t rich
you’re about to get farmed.
if the pump links to a tweet and under the tweet is a comment from the same account with the CA
you’re about to get farmed.
if the token is on the Solana blockchain and doesn’t have a strong doxxed dev behind it
you’re about to get farmed.
if the token isn’t cashback or routed fees to the owner’s exact correct github
you’re about to get farmed.
if the token doesn’t own the IP
you’re about to get farmed.
if all of the 4 remaining KOLs with actual motion aren’t simultaneously pushing
you’re about to get farmed.
if the dex & boosts aren’t paid, moonshot hasn’t listed it, and CMC not applied for
you’re about to get farmed.
if moonshot does list it
you’re about to get farmed.
There i just saved you all alot of money.
Let me motivate you for a moment.
This isn’t about showing off pls 👌
This is actually my lowest risk trade, with only about 15% of my total capital invested.
I haven’t sold a single token yet because I’m completely comfortable with the position. I never invested money I can’t afford to leave in the market.
That’s the power of proper risk management, you will trade de with peace of mind, not fear.🤑✌️