Solana Meme Coins
Solana Meme Coins
So I have been trading with Solana meme coins for the past week with the help of my friend who is heavily invested in it. But these meme coins are very volatile and end up being a rug pretty fast. As a result I end up losing money in small amounts as I am trading with only one sol. My friend says get in and get out with small gains but that has not been working well for me so far. Any tips on how to identify a good coin?
Honestly I have been doing it for a while now. So far its been a 50/50 situation for me. You win some you lose some. So I would say if you want to do it just play around with about $50 and see how things go. Being in a signal group with a bunch of good people also helps.
There are few things you have to keep an eye on if you trading and going into meme coins. I suggest you look at dex screener and filter out what type of coin you want to get into. Mainly look at the liquidity and if the liquid pool has been burnt. Another thing to look at is the of course the buy and sell orders.
Most of theses projects are not vetted and don’t even have socials on any platform. Its most likely to be a rug by the devs as soon as their mark is hit.