You've already heard the incredible stories of addresses that turn a few thousand dollars into millions!

The answer is because you can't.

Or……..
…….maybe you can.

But you’ll have to play a very dangerous game.

Let’ s dive into it 🫣 

Dozens of memecoins are created every day. You can create your own token in just a few minutes.

→ Once created, your token has no intrinsic value and is unknown to anyone.

Its success hinges on one thing:

Most memecoins that have seen explosive price increases have followed the same path:

The creators contact communities via Telegram or X to ask for $ETH in exchange for tokens from their future projects.

When you send $ETH to these addresses, you don't know how many tokens you’ll receive, or even if you’ll receive any at all!

This is a complete leap in the dark ⬛️, and note that you have a high chance of losing your capital 📉

If you are lucky enough…

and the creators are not scammers or rug pullers…

They will massively contact all crypto influencers, asking them to promote the project in exchange for a large quantity of future tokens…
…but also offering them significant $ETH amounts, funded by the pre-sale buyers.

Then if the influencers are on board, and everyone is talking about it, the hype will grow.

And when the token is finally listed on exchanges, the price will immediately be set very high.

→ At this time, the creators send airdrops to the few early investors according to the amount they invested during the funding phase.

Congratulations, with enough $ETH sent during the risky pre-sale, you are rich. 💸

Most of the people don’t invest in the pre-sale because the risk is so high.

But a common thought is to believe that you can snipe the listing :
→ avoiding the “$ETH sent to a stranger’s address” phase
→ and buying the token before its price surges

Let’s be clear…

Let’s say you place an order to buy a memecoin at 0.1 USDT / 100 Units at the listing. By the time your order is ready to be executed (few seconds), the price has already risen to 0.2 USDT / 100 Units, causing your first order to fail.
You try to buy again at 0.2 USDT / 100 Units, but the price has now risen to 0.5 USDT / 100 Units, causing another failed purchase, and so on..

By the time you can buy the coin, the price will be 10 USDT / 100 Units. Bye bye, beloved 100x return…

The addresses of the pre-sale buyers, upon receiving the airdrop, will make a 100x return, which will create even more hype around the project.

As you can see from the chart below, the buyers at the listing will be the exit liquidity for the team, the influencers, and the few pre-sale buyers.

Of course, it is still possible to make money and have fun with memecoins! Occasionally a crazy coin like $Shiba or $Wif can yield life-changing profits.

However, be careful, the odds are not in your favor.
Always do your own research (DYOR) before taking any risks.

Have an excellent week ❤️ ,

TheCryptoPicks.