How to stay sane in memecoin world? Part-3

We began from Part-2 here. This is Part-3 and the final part in this series.

Now suppose you have identified the meta, identified a few good pumpfun tokens, and honed in one of the tokens that has stayed on pumpfun for a bit with the dev not having jeeted.

Who is a Jeet? What is a Jeet? How do you Jeet?

Next check how much a dev owns. You have to read the bubble map properly for that. If the dev did not bundle his purchases in multiple wallets, and only owns a smaller percentage, it wouldn’t mess with the charts even if he jeets after Raydium migration. Check a dev’s history that he shouldn't be listing one meme again and again. Most farmer devs will farm the same few memes again and again since they invested time and money in creating the good quality content. They may cycle through them one week after next. To spot it, look for launches with the best graphics, website, socials on pumpfun, but the DEX will never be paid because it costs $300 or so. On the other hand, if Dex is paid, that shows some commitment. Dex refers to dexscreener.com 🙂 

Next, check if the sniper bots are in, you can check it using telegram bots, we will discuss bots as a separate series later. To discourage sniper bots, request the dev on pumpfun comments section to sell 1% and buy it back after snipers are out. If dev does not respond, it’s a red flag, just move on. Finally, check the comments on Pumpfun most people do great DD for you, and if things grow from 10k to 40k in 1 min, know that they are farming you, don't fomo. Sometimes there are cool ones but that's 0.01%. Let the pumpfun simmer and build community.

A good position: 

I like to scoop around 2%-3% of any project, out of which i sell half on pumpfun or soon after it is launched to take out some profit and recoup 100% of initials. Then I sell 1% when in increments of 0.1% x10 times between 100-300k (DCA out) without screwing the chart. If the project is a rug, you would have recouped your initials already at migration, and the loss won’t hurt. If the project is a sophisticated rug that executes a few hours after launch, you would have recouped both the initials and the other 1% as profit.

Lastly, even if it is a rug, leave the remaining 0.5% supply as a ‘moon or dust bag.’ Remember — when you think it's not stopping and pumping hard, you MUST DCA out. Conviction positions should never ever ever exceed 0.5%-1%. If you hold more than that and do not DCA out or take profits, you will be someone else’s exit liquidity, because PvP roundtrips will strike every token many times. It is a monkey see, monkey do world. Selling and buying are very much group-think activities, and you won’t to sell when others are buying, and buy when others are selling to be successful. PvP will happen at every down-cycle of a round trip, and you do not want to be the exit liquidity.

What is PvP?

Below is an excerpt that was recently published on Reddit that explains what PvP is —

In closing, I do not agree with the above Reddit author 100%, since memecoins never really die and even if you feel like you got PvP’d, your supposed ‘dust’ bag may revive a few months or quarters down the lane, so it is not truly a zero-sum game. But it all depends on your time horizon. If you are coming here to make a quick buck and become a millionaire in a week or month, I can promise you it will never happen. People much more experienced and wiser than you with almost a decade in crypto trenches are playing this game in trenches and they’re not millionaires yet, and yet have tools to be a step ahead of many beginners.

All said, if you did read all the 3 parts and realized that it won’t help you become an instant millionaire in a month, then I appreciate you reading all 3 parts and sorry for being discouraging. But if you believe that crypto and onchain is the future, then let’s celebrate the fact that you are ahead of 99% of the world still, and with a decent time horizon of 3-5 years, you absolutely can go to 6-7 figure net worth by applying yourself and staying in the trenches. Here’s to you!

This is the end of Part-3, and end of this mini-series. You can find Part-1 here and Part-2 here. DJ Sol here — I go by many names on Twitter/X and TG, and I appreciate BLUR team for the invitation to write this guest series.