Trading Crypto Memecoins: From Setup to Millions

Crypto memecoins have taken the world by storm, offering the potential for life-changing returns in days or even hours. In this comprehensive guide, I’ll share the exact strategies, tools, and principles I’ve used to make over $1 million trading memecoins in just one year. Whether you’re starting with zero knowledge or looking to refine your skills, this step-by-step course will equip you to aim for your first $100,000. Let’s dive in!

Step 1: Setting Up for Success

Before making any trades, you need the right tools and setup. Here’s what you’ll need:

Hardware

• PC or Laptop: Trade on a computer for better visibility and speed. A larger screen and multiple monitors can make a huge difference in managing tabs and reacting quickly.
• Multiple Monitors: These enhance your ability to track multiple platforms simultaneously. Speed is critical in memecoin trading, where split-second decisions can mean the difference between massive gains or missing out.

Essential Accounts

• Twitter/X Account: Crypto Twitter is the hub for real-time research. Follow key crypto accounts to transform your feed into a stream of crypto news and insights. Check my recommended accounts to get started.
• Telegram/Discord: These platforms are where memecoin communities thrive. Join groups to stay updated on announcements and insider information.
• Solana Wallet: Solana is the primary blockchain for memecoins. Set up a Phantom Wallet:
  1. Visit phantom.app, download the Chrome extension, and create a wallet.
  2. Save your seed phrase offline (e.g., on paper) for security. This is your only way to recover your wallet.
  3. Set a username and password, and you’re ready.

Buying Solana

• Use a crypto exchange like Coinbase, Binance, or Kraken to purchase Solana (SOL).
• Copy your Phantom wallet address, send SOL from the exchange, and confirm the transaction.

Trading Bot

• Use Axiom, the fastest and most feature-rich trading bot for memecoins. Sign up with the invite code fortune for the lowest fees.
• Save your Axiom recovery key offline, similar to your Phantom seed phrase.
• Configure Axiom settings:
  • Filters: Select Pump Fun protocol, set minimum market cap to $13,000 to filter out low-potential coins.
  • Buy/Sell Presets: Set slippage to 30% for buys, 40% for sells. Priority and bribery fees at 0.03 SOL each. Enable MEV protection to avoid front-running.
  • Quick Buy: Set to 1-10 SOL based on your portfolio size for high-risk plays.
• Fund your Axiom wallet by transferring SOL from Phantom.

Step 2: Join a Community

Trading solo is a recipe for failure. Joining a community accelerates your learning and exposes you to better opportunities.

• Avoid Free Telegram Scams: Many “free alpha” groups are run by devs who pump their own coins and dump on followers. These groups often restrict interaction, leaving you with losses.
• Find a Reputable Group: Look for communities with proven track records, like my Fortune group, where we’ve front-run major listings (e.g., Coinbase’s DOGE and Keycat). Apply via the link below.
• Trade with Friends: Even a small group of trusted peers can give you an edge. Networking is key—my biggest connections came from crypto communities.

Step 3: Finding 100x Memecoins

Not all memecoins are equal. To find potential 100x coins, focus on three metrics: narrative, community, and price action.

Narrative

• What’s the Story? Understand the coin’s meme, trend, or purpose (e.g., a coin tied to a viral Elon Musk tweet or Trump’s influence). Attention equals value in crypto.
• Why Is It Valuable? Assess if the coin is part of a movement, solves a problem, or is speculative. For example, a Trump memecoin gains value from his global popularity.
• Future Catalysts: Ask why someone would buy at a higher market cap. Look for ongoing development, exchange listings, or upcoming events.
• Compare to the Meta: The “meta” is the dominant narrative (e.g., AI coins). Ensure the coin fits or has a unique edge to stand out. Off-meta coins (e.g., Trump during an AI meta) can work if the narrative is strong.
• Alpha vs. Beta Plays: Alpha coins (e.g., WIF) are market leaders; beta coins (e.g., Dog with Nunchucks) are copycats. Betas can hit 10% of an alpha’s market cap but are riskier.
• Research Tools: Use Axiom to check Twitter, Telegram, and websites. Look for influential supporters, GitHub activity, or ecosystem partners (e.g., Solana, Arbitrum).

Community

• Strength Matters: A strong community drives hype and buys supply. Check Twitter, Telegram, and Discord for activity, team announcements, and influential followers.
• Look for a Cult: Coins like Pepe or Dogwifhat have die-hard fans who stick through drawdowns. Older, resilient communities are a good sign.
• Example: Collaterize has consistent updates, influential followers, and funding, signaling a strong community.

Price Action

• Volume First: High volume on Axiom (rapid market cap changes)