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The world of meme coins is characterized by rapid creations, with thousands of coins sprouting up daily. Meme coins can be based on seemingly anything – from pets to current events. The trader notes a particular example: a coin called "Peanut," named after a squirrel, which eventually ascended to a billion-dollar market cap. Such anecdotes illustrate the whimsical yet unpredictable nature of meme coins. However, a staggering 99% of these coins ultimately plummet to zero. Thus, the trader underscores that success in this domain is not about random purchases or technical analysis but hinges on having insider information (alpha) and executing trades with remarkable speed.