The key to meme coin surge: A practical guide to aiming for 100x

The world of meme coins is known as a market that can rapidly grow from almost zero to a tens-of-billions scale. Some early adopters have achieved 1000x returns, and this potential continues to attract investors. However, as the market matures, finding the next 100x candidate requires strategy and research.

Understanding the Evolution of Meme Coins

The origin of memes is Dogecoin, which was sparked by a single image of a Shiba Inu named Kabosu. Since then, derivative projects like ShibaInu and Floki have emerged, diversifying into frog/Pepes, cat-themed, political (PolitiFi), and celebrity-themed coins. Recent trends include accessories added to existing memes, such as WifHat and wrapped series. Many of these communities hold loyal holders who tend to keep their positions until new price steps are reached.

Selecting Chains for Explosive Growth

Solana has become the largest hub for decentralized trading since 2023. Major projects like PEPE, BOME, WIF, and POPCAT are launching on Solana one after another, attracting not only bots but also active users. The presence of Raydium DEX has established pathways for new projects to grow and list on mainstream exchanges.

Ethereum remains important as the pioneering network, but high gas fees pose a barrier to entry. While Uniswap supports liquidity, some projects deploy across multiple chains (e.g., Neiro).

Base is an L2 under Coinbase, offering lower gas fees and easier user onboarding, making it more active than Ethereum. Almost all memes have a Base version.

Toncoin is closely linked to the Telegram community, with a more deliberate rollout where community building and airdrop expectations are set before token creation.

Other active chains include BNB Chain, Polygon, and TRON, with over 80 networks registered on Dextools.

Platforms for Discovering New Meme Coins

Pump.fun and Moonshot are major launchpads for meme issuance. New listings start with minimal liquidity but transition to Raydium or Uniswap once sufficient liquidity is achieved.

Moonshot does not have a website and is accessible via DexScreener, where you can track project liquidity progress with a progress bar.

Pump.fun is more informal, featuring a vast array of projects with a basic interface. Creator profiles show consecutive launches and past successful projects. Recently, live chat has been added to visualize community interest. However, it’s important to note that about 99% of Pump.fun launches do not reach Raydium.

How to Target Explosive Growth After DEX Listing

When a pair is listed on Raydium (Solana) or Uniswap (Ethereum), you can monitor liquidity, activity, and pair stability using aggregators like DexScreener or Dextools.

New pairs may fail within minutes of listing, but early stages offer the greatest growth potential. The failure rate is close to 99%. Observing top meme coins with healthy trading pools in the trend tab of DEXs reveals where retail inflows are headed.

Detecting Promising Coins from Whale Movements

Copying whales (large investors) or famous wallets is an effective way to find 100x candidates. Use Dextools to monitor trending communities and track whale transactions. Sometimes, whales appear in order books of coins that have lost most of their value (a sign of potential recovery).

Tools like Dexchecker allow you to check the latest large transactions and investigate whale activity in wallet cleaner tabs. Tracking addresses with good performance and setting alerts in whale watcher apps can provide automatic updates.

Using Sniping Bots and Their Pitfalls

Competition for buying newly released coins is fierce. On Solana, BonkBot, a Telegram-based bot, is the most widely used. It prioritizes speed, allowing instant purchase by pasting the token address. BonkBot leverages Jupiter DEX and JitoSOL validators for ultra-fast buys.

However, it often ignores fees and slippage, which can result in costs exceeding expected profits. Faster bots exist but may incur unpredictable fees. The BonkBot Telegram channel pre-screens projects, enabling quick purchases within the channel. Still, there is always a risk of rug pulls.

Essential Due Diligence Checklist

Even newly listed coins on DEXs require additional investigation before reaching 100x growth.

Liquidity Lock Verification: Click on the coin name in Dextools and check if liquidity is locked. Presence of an icon indicates higher confidence.

Fraud Detection Tools: Solana’s Rugcheck checks for duplicate tickers. TokenSniffer monitors known scams and honeypots on the blockchain.

Community Engagement: Early memes like PEPE, BOME, WIF, SHIB, FLOKI show high engagement. Active online communities also issue scam warnings and set rules to avoid malicious links.

Social Media Footprint: Explosive growth in followers and posts indicates meme establishment.

Wallet Analysis via Bubble Map: Check the smart contract and look for “wallet clusters.” Clusters are formed by insiders engaging in mutual transactions or fake volume, which can be easily identified visually.

Searching for 100x from Established Memes

Sniping early-stage projects is risky and incurs additional costs, but even more mature meme coins can have 100x growth potential. Identifying high-volume other meme coins with tools like Dexcheck can help avoid stagnation and find more promising investments.

At this stage, project footprints on social media are critical. Buying during dips can lead to significant gains, but reaching 100x growth may be challenging.

Leveraging AI and Chatbots

Tokenmetrics AI tools are still experimental but can aggregate potential winners. Meme coins depend heavily on the X (formerly Twitter) community, but Telegram influence is also growing. Growth in channel communities suggests there are enough holders in the short term to potentially avoid rug pulls.

Tips for Safe Meme Trading

Meme coins are inherently risky assets. Using Telegram bots carries risks due to the group nature, and scams via DMs aim to steal private keys. Some bots may incur unexpected costs.

Since all investments carry risks, always conduct your own research and do not invest funds you cannot afford to lose. This mindset is the most important safeguard in meme coin investing.