For those who are new to the space and want to play in the primary market, take my advice. I myself haven’t touched this area for years, but recently took another look and found it way too deep.
Honestly, staring at on-chain address data doesn’t mean much. If you really want to take a shot, find a small internal market run by just a few people, and throw in a few dozen U just to get a feel for it—that’s enough. As for those projects that keep getting pumped on external markets? Don’t rush in on impulse; you’ll basically just end up being someone else’s cash machine.
The barrier to launching tokens is absurdly low now. In the past, you’d at least have to spend tens of thousands for a code audit just for appearances, but now meme coin projects are completely reckless. Seriously, don’t use real money as your tuition fee.
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SquidTeacher
· 12-09 19:07
Sigh, you're right. I only understood this after getting burned a few times myself.
These days, meme coin projects are like factories churning out bagholders—the bar is really set so low.
It's fine to try out with a few dozen U, but don't go all-in at once or you'll regret it before you know it.
I've looked at all that on-chain data stuff too, but it's basically just self-comforting. You're better off just watching the K-line charts.
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RektButAlive
· 12-09 06:52
Testing the waters with a few dozen U—that’s a pretty level-headed suggestion; I just worry newbies won’t listen and will insist on going all in.
The primary market is basically gambling—you’re betting on the team’s integrity, and now even that’s gone.
The drop in audit fees shows the market is rotten to the core. I sure as hell won’t trust any VC backing anymore.
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GasFeeCryer
· 12-09 06:51
I can agree with trying out the feel with a few dozen U, but to be honest, I don't quite agree that on-chain data is completely meaningless.
There are shitcoins everywhere, but to really spot the clues, you still have to watch the changes in the liquidity pools, right?
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BTCRetirementFund
· 12-09 06:47
It's okay to test the waters with a few dozen U, but even that can easily get you stuck now. Seriously, I'm speaking from experience—don't gamble.
There are endless meme coin projects popping up, and they don't even bother with audit fees anymore. What can you really trust at this point?
Take my advice: just play with small amounts, don't go all in.
I've seen too many pumped projects—they basically crawl out from a pile of dead bodies.
No matter how transparent the on-chain data is, it all depends on the whales' moods. Stop messing around.
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Tokenomics911
· 12-09 06:39
Testing the waters with a few dozen USDT is a decent suggestion, it’s just that most people can’t control themselves.
I can’t stand those folks who shout about on-chain data every day, making themselves look like analysts.
There are so many shitcoin projects—why go be the exit liquidity?
Audits are mostly just for show; now they don’t even bother with that veneer anymore.
It sounds nice, but once you actually get in you’ll still get liquidated all the same.
For those who are new to the space and want to play in the primary market, take my advice. I myself haven’t touched this area for years, but recently took another look and found it way too deep.
Honestly, staring at on-chain address data doesn’t mean much. If you really want to take a shot, find a small internal market run by just a few people, and throw in a few dozen U just to get a feel for it—that’s enough. As for those projects that keep getting pumped on external markets? Don’t rush in on impulse; you’ll basically just end up being someone else’s cash machine.
The barrier to launching tokens is absurdly low now. In the past, you’d at least have to spend tens of thousands for a code audit just for appearances, but now meme coin projects are completely reckless. Seriously, don’t use real money as your tuition fee.