Rapper Iggy Azalea just launched 2 #memecoins on Solana in 3 days!
Degens are all over it
One trader has gone from $1.6k to $89k on coin 1
On coin 2, the team dumped more $4M
What's going on ? 🧵
Degens are all over it
One trader has gone from $1.6k to $89k on coin 1
On coin 2, the team dumped more $4M
What's going on ? 🧵
What do I think?
On the one hand, this is good.
Celebs launching memecoins = Retail money flooding the space.
This means things are about to go parabolic.
Understanding retail psychology can be profitable.
On the one hand, this is good.
Celebs launching memecoins = Retail money flooding the space.
This means things are about to go parabolic.
Understanding retail psychology can be profitable.
On the other hand, this means celeb pump & dump schemes are back.
Most are here for a quick cash grab so they'll dump without second thought (like Iggy's coin 2)
This is where most degens will run out of ammo before the real game.
Be careful not to get REKT chasing FOMO.
Most are here for a quick cash grab so they'll dump without second thought (like Iggy's coin 2)
This is where most degens will run out of ammo before the real game.
Be careful not to get REKT chasing FOMO.
Let's see how trader 1 did it⤵️
⎆ Alpha tools
• Hot coins: @dexscreener
• Holders: @bubblemaps / @solscanofficial / @etherscan
• Bots: @MaestroBots / @TrojanOnSolana
• Tracking: @zerion / @alphatracexyz / @CieloFinance
⎆ Alpha tools
• Hot coins: @dexscreener
• Holders: @bubblemaps / @solscanofficial / @etherscan
• Bots: @MaestroBots / @TrojanOnSolana
• Tracking: @zerion / @alphatracexyz / @CieloFinance
⎆ Finding the hottest pairs
- Identify coins with good volume.
- Check growing Number of Holders
- Assess TG & Twitter activity
- Assess engagement level of kol shilling
- Liquidity >50k & FDV > $200k
- Identify coins with good volume.
- Check growing Number of Holders
- Assess TG & Twitter activity
- Assess engagement level of kol shilling
- Liquidity >50k & FDV > $200k
The trader who flipped $1.6k to $89k did it with $IGGY (Iggy Azalea)
He had his stash before the coin started trading as part of team allocation.
As soon as $IGGY went live, he started dumping.
$IGGY pumped to $9.35M MC within seconds and then nosedived.
He had his stash before the coin started trading as part of team allocation.
As soon as $IGGY went live, he started dumping.
$IGGY pumped to $9.35M MC within seconds and then nosedived.
Other than the team allocation, this trader spent another $1,678.14 (9.9 $SOL) to buy the dip.
Quickly realized it was a falling knife so he dumped that too.
$IGGY is currently at a $175K market cap.
Bought: $1,678.14
Sold: $89.3K
PnL: +$87.6K
Quickly realized it was a falling knife so he dumped that too.
$IGGY is currently at a $175K market cap.
Bought: $1,678.14
Sold: $89.3K
PnL: +$87.6K
Memecoin 2: $MOTHER (MOTHER IGGY) Yep, you read that right.
This one was launched an hour earlier than $IGGY and seems to be having a better run.
It's currently at $15M, but down from $31.4M ATH.
However, what's happening under the hood is even funnier (and not haha funny).
This one was launched an hour earlier than $IGGY and seems to be having a better run.
It's currently at $15M, but down from $31.4M ATH.
However, what's happening under the hood is even funnier (and not haha funny).
With this one, team is dumping like there is no tomorrow.
9 out of top 12 traders are team wallets dumping.
Top 5 alone have dumped $2.1M+.
Entire team has dumped over $4M+ and that's just in the first few hours of trading.
9 out of top 12 traders are team wallets dumping.
Top 5 alone have dumped $2.1M+.
Entire team has dumped over $4M+ and that's just in the first few hours of trading.
Now, this is the dark side to watch out for with celeb meme coins.
There are no vesting or cliff periods—just teams waiting to dump on you when you blindly ape in.
There are no vesting or cliff periods—just teams waiting to dump on you when you blindly ape in.
A celeb will just round up their buddies & hire some dev off the internet.
They'll then slap something like "To help onboard new market participants, I've designed a comprehensive user flow" on the meme, then launch it.
A few Insta posts later, everyone wants to buy.
They'll then slap something like "To help onboard new market participants, I've designed a comprehensive user flow" on the meme, then launch it.
A few Insta posts later, everyone wants to buy.
Rapper @LifeOfDesiigner also launched $PONDA that went from $6M mcap to $60k mcap in just a few hours.
@souljaboy is rumoured to be next.
Again, celeb memecoins are both good and bad; it all depends on how you look at them.
@souljaboy is rumoured to be next.
Again, celeb memecoins are both good and bad; it all depends on how you look at them.
Everything in this thread is my personal view and is not financial advice.
For more alpha threads, my trades, calls & whale wallet tracking:
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For more alpha threads, my trades, calls & whale wallet tracking:
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I hope you've found this thread helpful.
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