Memecoin millionaire FOMO reveals another question he asks before buying any memecoin.
"Who is in the token? Are they mainly in profit or are they in a loss?"
He explained that checking the top holders can tell you a lot about a coin's risk.
If everyone is deep in profit and starts dumping at the same time, it can trigger a cascade of selling.
But if the biggest wallets are holding or taking profits gradually, that's often a much healthier sign.
"People need to take profits. The important thing is how they sell"