Fried MEME is no joke! How Continue Capital's founder uses data to filter top meme coins.

Oct 6, 2024#web372

AI Translation

This post is translated from Chinese into English through AI.View Original

AI-generated summary

The rise of MEME coins is influenced by various internal and external factors, with many people ready to provide reasons for their popularity. The top MEME coins, aside from DOGE, SHIB, and FLOKI, are from a new cycle, highlighting the difficulty of sustaining MEME coins. Two key quantitative indicators for evaluating MEME coins are suggested: 1. **Longevity**: A good MEME should last 6-8 months and show continued vitality. New MEMEs that are less than 6 months old should be approached with caution. 2. **Holder Growth**: The growth curve of holders, particularly those holding over $10-$20 and significant holders with over 0.1% of total market value, should be analyzed to ensure that retail investors are not slowly entering while large holders are exiting. Ultimately, investing in MEME coins should be taken seriously, as they are not just for fun.

MEME Because many are purely PVP, or say spreading and attracting people, the reasons for its rise are numerous both internally and externally, and once everyone sits down, they can definitely come up with a bunch of reasons. When there's time, we can elaborate. Here, we will try to quantitatively depict the top MEME (meme coins) using data.

Apart from DOGE, SHIB, and FLOKI belonging to the previous cycle, the rest of the TOP 10 are new cycle MEMEs, which also reflects that it is extremely difficult for MEMEs to survive. So how should the top exchanges filter them?

image-9-1167x800

Personally, I feel there are two quantitative indicators:

Duration. A good MEME must show vitality after existing for 6-8 months, meaning that new MEMEs within 6 months should be viewed with caution. Apart from BOME, which had the right timing and circumstances, achieving 1 billion USD in 3 days, it is impossible to have another that can reach 1 billion USD in such a short time, even if a new MEME is listed on Binance.
Holder linear month-on-month growth curve. Regardless of how your MEME is marketed or how grandly you speak of it, it will definitely be reflected in the number of holders on-chain.

Specifically, I look at two dimensions: one is the growth curve of holders with more than 10-20 USD (to avoid airdrops), and the other is the dynamics of large holders with a total market value greater than 0.1%, whether it has increased or decreased. It cannot be that retail investors are slowly entering while large holders are rapidly exiting; these can definitely be filtered out on-chain.

image-10-1200x727

Finally, be serious; investing in MEME is not just for fun.