I know I have made numerous posts about how you should avoid meme coins and still come back make another post about how I degen a memecoin and it either pumped or dumped. Well, first of all, remember that they are all risky and my posts are not finically but a diary of my crypto journey.
I have been trading crypto carefully, not over investing but investing wisely, made some profit, lost some money too. But in my journey, I will always advise people to always take profit. Let’s look at the trump and Melania memecoin situation. When Trump launched it was massive, lots of us have not seen same volume and market cap attained by a token or coin in a day before. Trump market cap beating other crypto projects and people were buying, with different speculations because his inauguration was close by. Few hours after Trump launch, Melania launch followed and did pretty great, but not as great Trump.
Soon after some time we started seeing the price of Trump and Melania go down. Lots of other meme coins having the Trump name but not from the official Trump family went live too, lots of people made money and lots of people lost money. People that were lucky enough to had bought when it was cheap, but didn’t sell, sadly had to sell at a lower price or at a loss. This goes for other memecoins, more than 49% of all the memecoins in the crypto space are sustainable just a means of pump and dump where people come to gamble, make money or lose it then move on with their lives.
After every memecoin launch, check back after few months to see how dead the coin is and how no one trading it, no volume nothing. Just a memecoin registered on the blockchain with history.