Thread by @its_airdrop

You may have heard the term "Memecoin Supercycle" on CT

It’s just getting started

If you want to get in early, here’s a guide with some alpha to kickstart your memecoin trading journey👇

🦄 Before we start with this guide, note:

- Memecoin trading is almost gambling
- You either win or lose
- So only use funds that you can afford to lose
- None of this is a financial advice

Also don't forget to bookmark the first tweet so that you can refer back anytime

Index:

🍥 How to start and tools?
💰 How much funds should I start with?
🌿 How to find memecoins that might perform?
🧤 Some terms that you might see

1/16

As memecoins are mostly trending on Solana, we will focus more on that blockchain in this guide.

Although there have been SUI and others that followed the trend recently.

In the end, it comes back to Solana.

But you can follow this thread for the rest too.

2/16

🍥 How to start

You need to start with the funds.

Load up a fresh wallet with some $SOL.

I mainly use @phantom, but you can also try backpack.

3/16

Now as for the trading part, to scoop any memecoin as fast as you can, you can use trading tools such as BullX, Photon, etc.

As for me, I use BullX

Here is how you can start:
1. Signup:
2. Connect using telegram.
3. Click on the "wallet manager icon".t.me/BullxBetaBot?s…

4/16

4. Select Solana.
5. Copy your account's Solana wallet address.
6. And deposit some Solana tokens.

Now you can start with the trading.

5/16

You can check for the latest pairs and creations by clicking on these icons. pump.fun

6/16

Now let's check a chart here.

You will be able to check the:
1. Price: Current price per token
2. Mkt Cap: Current marketcap
3. Liquidity: Total Liquidity in the pool
4. Audit rating: As to how safe the token is (more on this in the next tweet)

7/16

Checking the Audit rating

When you click on "Audit", you will be able to see this list.

Now here is what each means:
1. Is Mintable: Whether the token can be minted in the future
2. Is token data mutable: Whether the token info such as name can be changed later
3. Is Freezable: Whether the token is freezable, in such cases you won't be able to sell your tokens
4. Update Authority
5. Owner balance
6. LP burned: Total percent burned
7. Top 10 holders: Percentage of tokens held by the top 10 holders
8. Deployer Address

And there are many more, check the total audit score before you trade any tokens.

8/16

🛠️ Tools that I use:

- BullX [For mostly everything]
- Dexscreener: dexscreener.com [For checking latest launches]
- Pump Fun: pump.fun
- X (Twitter)
- Discord
- Telegram

There are many more tools, but in my opinion these tools are enough for everything.

9/16

💰 How much funds should I start with?

Allocate funds that you can afford to lose, in memecoins you either go big or zero.

So allocating funds from your main portfolio depends on your risk appetite.

Mostly I recommend at least $100 if you have a small portfolio.

So that you can put $10 each in 10 different meme coins.

In short, you get 10 chances.

10/16

If you have 10 SOL for memecoin trading, you should use like 0.1 SOL to 0.5 SOL per trade.

That is like 1-5%

And buy according to your surety level.

• Might or might not pop: Use 0.1 SOL
• Bit of a high chance: Use 0.3 SOL
• Highly confident about the performance: Use 0.5 Sol

11/16

🌿 How to find memecoins that might perform?

Searching and joining certain communities is the best thing you can do.

Telegram comes first, then Discord, and then the holy place X

12/16

Well if you want to pick on your own, you can look for these qualities in a memecoin

- Catchy names
- Goes with the current trend
- Cult-like community

Try to pick coins that are easy to explain in a single sentence.

Like the coin can be immediately identified by the artwork, name, or the ticker.

13/16

Examples from some of the recent pumps:
- PNUT
- GOAT
- ACT

Recently the trend has been for AI agent-based coins and animal coins (mostly cats)

So try to be updated on these trends, if you want to perform better.

14/16

📋 Oh, here is an extra thing for you.

I have already created a list on X with accounts that you can monitor to get a hold of the meme situation.

You can join here:


I will be moderating the list, every now and then. x.com/i/lists/184935…

15/16

🚁 Now, let's talk about some of the terms that you might come across in the "trenches":

1. Trenches: Act of trading low mcap memecoins while jumping in & out of telegram chats.
2. Cabal: Group of insiders and traders who work together to manipulate the prices
3. CT: Stands for "Crypto Twitter", meaning accounts that post crypto-related stuff
4. CTO: Community Takeover, happens when the dev of the coin sells everything and the community takes over the social media.
5. Bonding Curve: A bonding curve adjusts a coin’s price based on market cap, eliminating the need for a liquidity pool.

16/16

That's all for now, but there is much more to learn.

Just take care that you don't:
- Trade emotionally
- Using your funds according to your risk capability
- Be ready to lose 100%

🦄 If you like such threads, don't forget to follow me and join our Telegram channel.

Also, let me know which coins you are currently holding.

Also, you can retweet/like the first tweet below

https://x.com/its_airdrop/status/1858426217139155009