Temptation of making 100x with memecoins is too exciting not to go degen style – but still I like to do my own research and analysis.
I actually don’t like to fight sniper bots since I don’t stand a chance but like to go in memecoins that could perform well at least for few weeks or months.
My criteria for picking memecoins and finding red flags:
Token holders distribution
If Top 20 addresses hold 50% of total supply it’s an instant red flag to invest in.
Project’s Ratio of X account followers : Telegram group members : Token holders
Still fine tuning what healthy ratio to be between all 3 numbers.
Who’s the team behind the memecoin
This one is a bit harder to get info but again – can just go to project’s community and ask.
If team has launched successfully few memecoins before, then chance of their next token to do also well increases dramatically.
Score of project’s X account based on their smart followers
There are few free services that give this info so it only takes 1min to get such score.
Keep revisiting and recording daily project’s changes in numbers of followers, token holders
Again simple spreadsheet is all it takes to record daily if project is growing amount of token holders, X account followers, size of community, vibes of community.
