How to Trade Meme Coins on Solana – Full Guide

This is a full step by step guide for trading cryptocurrency meme coins on the Solana network. The Solana blockchain has gained popularity for its high-speed transactions and low fees, making it an attractive platform for trading meme coins.

I don’t mean trading meme coins as in, trading well established coins such as Dogecoin or Shiba. There are thousands of new meme coins being created every single day. Majority of these coins are useless trash that lose all of its value as soon as they are launched.

But some of them are able to get attention from many investors and they gain 100s, 1000s and even millions of percent of their initial value in a very short amount of time, in minutes or even seconds in some cases. These platforms allow you to find crypto coins before they even get on anyone’s radar, before they get listed on platforms like Phantom Wallet, Raydium etc.

So in this guide I will show you the way in which you can maximise your odds of finding these high probability coins and how to catch potential pumps and get results like this:

Most of these trades shown above took anywhere between 30 seconds up to 20 minutes of holding. Do ignore the names, these are memes so weird and ridiculous coin names are a norm.

And the best thing about these meme coins is the fact that they are completely not dependable on bitcoin, so even if bitcoin crashed by $100k today, it wouldn’t affect the price of these meme coins making it a great opportunity to make money even if the big cryptocurrencies aren’t doing well at the time.

Disclaimer: Trading cryptocurrency meme coins on the Solana network involves significant risk due to their high volatility and speculative nature. It’s essential to conduct thorough research, understand the tools you’re using, and only invest what you can afford to lose.

The Platform to Trade Meme Coins

The platform we’re going to use to trade all the meme coins is called BullX.io and you do need the Telegram app and an account to use the platform as it’s still in its early access phase. To sign up follow this process step by step:

1. Head over to the BullX.io website and click the “connect Telegram” button.

2. You will then be presented with the option on Telegram to start the bot.

You probably notice the “number 3,986,436 on the waitlist”, there’s a lot of people trying to get access to this platform right now and its growing by hundreds of thousands of users each week.

That’s why you need an access code that would allow you to sign up immediately.

This is the access code you can use to access the BullX platform immediately: start=access_GWZUE8IUT9

Just copy that code and paste it into the Telegram chat. You’ll be then presented with the option to login to the BullX platform.

At this point you can proceed and deposit money into the Solana wallet shown to you. This is an individual wallet you’ll be using on BullX so do save any private keys safely and don’t lose them. You can also skip this step and deposit funds later.

Now you’re ready to explore the platform.

You’re gonna see a lot of tabs and features on the platform. There’s no need for me to breakdown all of them, you can do so in your own time. It’s mainly just settings, wallets etc.

The Pump Vision tab is the most important one. That’s where the action takes place.

This is where you’re gonna see all the coins that are being listed and traded by other users.

There is 3 main tabs:

New Creations: these are all the new crypto coins that have just been launched.

About to Graduate: these are the coins that reached a threshold of $100k market cap and are now migrating to new platforms/wallets. This migration process starts with coins moving to the Raydium platform.

Graduated: these are coins that have already migrated to bigger platforms and have or had at some point $100k+ market cap, in many cases these coins proceed to go into millions in market cap.

The migration process is nothing for you to worry about, you’ll still be able to trade these coins normally. They are just being moved and showed in front of a bigger audience as they were granted to be “worthy”.

There’s a lot of small numbers shown for each coin so let me break it down to you:

I’ll also explain why some of these numbers are important so don’t skip this part.

Coin name: of course it doesn’t really matter what the name of the coin is, there’s too many of them to care. They’re all memes. But for a meme to be successful it needs the attention of other people. So coins that follow recent trends or events that are taking place often get pumped more than coins with names that are irrelevant.

But there’s also generic meme coins such as dogs, anime characters, fruits, celebrities, tech etc. If the coins has an attractive name and a good picture it’s more likely to attract more people to invest in it.

Social media platforms: if a coin has social media platform attached such as its own website or X it gives it more legitimacy and less likely to be a scam. Of course you have to check that the attached links are legit, sometimes people link to random tweets or profiles created minutes earlier or other websites just to trick people to buy early and then the insiders or the developer dumps the coins so you have to make sure the social presence in legit.

Age of the coin: this is important because the interest in 99% of these coins dies just as quickly as it started. Unless you find the next $TRUMP coin, most of these coins will not survive more than 24 hours while majority of its entire volatility will be present within the first few hours. So you don’t want to be trading coins that are usually older than 3-4 hours. There are exceptions and some coins can pick up the volatility much later but it’s very rare, usually it’s just a quick hype where you can make your money and then the coin dies.

% of the top 10 holders: this number shows you how much of the total available supply the top 10 wallets are holding. The higher this number is, the further away you should run from this coin because this suggests that insiders are holding majority of the supply and they are just waiting for people to buy and push the price for them to dump the coins. Usually you’d want this number to be under 20%.

% of dev’s holding: this number shows you how much of the total available supply the developer of the coin is holding. The lower this number is the better for the coin. Coin devs are always the first people who can buy the coin, so they can get in at the best price. If they hold a significant amount of the supply, they can just dump the coin a profit at any second. That’s why you’ll often notice that the biggest pumps happen after the dev has sold all of his coins.

% insiders: this number shows you how much of the total available supply the insiders are holding. Again, the lower the number the better it is for the coin as it shows that this coin is not controlled by any specific individuals.

Total holders: this number shows you the total number of different wallets/people who are currently holding the coin. Usually the higher this number is the better it is for the coin as it shows interest and money flowing into the coin from multiple sources.

Volume: this number shows you the currently traded volume of the coin. Again, the higher this number is the better it is for the coin and it shows actual money is being put into the coin. More volume also provides more volatility for the coin.

Market cap: This the most fun metric of them all because all these meme coins are literally worth less than 1 satoshi when they’re launched their value is measured in market caps rather than the actual price of the coins because that value is just so small. So the higher the market cap the more volatile the coin is and the better it is to trade.

Now let me show you the trading interface:

There’s no need for me to waste your time breaking down everything here, it’s all pretty straight forward and everything is labeled so you shouldn’t get lost.

As you may notice the chart shown in this example is a 30 second chart and the age of this coin is 37 minutes. That means this coin went from a $6k market cap (that’s where they all start) and it peaked at $1.75m market cap. That’s over 29,000% increase in little over 30 minutes.

Do you see the potential? Your job is to find a coin early enough to jump in on the action and catch these insane results.

Of course that’s not gonna happen every time. but even if you got into this coin around $100-200k market cap you’d still be able to catch a 10x gain in just a matter of minutes.

Another thing you may notice in this chart is the blue and orange “DB” and “DS”. That shows you when the dev bought and sold his coins. And as mentioned earlier most of these coin rally after the dev has sold their coins and in this case the coin pumped over 20,000% after the dev sold.

Speed and timing is the most important thing when it comes to trading meme coins. That’s why we’re not going to use BullX to execute our orders, we’re going to use a bot that will allow us to execute trades almost instantly and lower our fees too.

The #1 Bot for Trading Meme Coins

The bot we will be using to do all of our trading is called the NovaBot. It is the most advanced crypto bot as of right now. It allows you to execute trades almost instantly and you can customise your fees to whatever best suits your needs. All these purple PnL screenshots you see are also automatically generated by the bot after a winning trade.

This is the link to access the bot.

It is invite only and you also need an access code to skip the waiting cue.

And this is your access code: start=r-PEZH1MBZ

Just follow the steps required by the bot to get access:

Once you get access you will then need to go back to BullX and create a new wallet.

Then go back to Telegram, click on “Wallets” and import a new wallet. You’ll be asked to enter the private keys of that wallet to connect the bot to the BullX platform.

Now that you’re wallet is connected you’re ready to set up the bot for the best trading environment. So click on “Settings” and proceed.

You’ll be presented with these setting options:

The only settings you should focus on are the fees and slippage.

There’s no need to set up anything else just make sure you have MEV Protection always turned on. What this does is it hides your orders from other users. This is important because other traders using bots may see your order entering the market and they can quickly jump in before your order is executed at a better price than you did which then might allow them to dump their coins leaving you holding the bag. So the MEV protecion hides these orders from other bot users.

To set up the fees and slippage settings just click on them and then you’ll be able to adjust them to your own needs.

The settings for your fees depend on the account size your trading. Just like with any other cryptocurrency, the more you’re willing to pay in fees the quicker your transaction time will be. If your account size is anywhere between 0.5-1 SOL or less just change your fees to the lowest which is 0.001 SOL, you have to click each button separately and enter the amount of SOL you want to pay for your fees.

However if your account size is between 1-5 SOL I’d change the fees to 0.005 SOL for each setting and if you’re account size is above 5 SOL then 0.01 SOL for each settings is low enough not to pay too much but high enough to make sure you’re transactions are executed quickly enough to get an edge over other traders. And if at any point you feel like your transaction time is getting slower just increase the fees slightly.

As for the slippage settings I always use 20% buy slippage and 35% sell slippage. This will allow you to execute trades very close to your desired entry even during high volatility periods.

You can also change the quick buy and sell settings to your desired needs and your account size:

These settings are totally up to you and your account size. These settings will allow you to execute trades with a single click of a button and you’ll also be able to close either part of full trade with a single click.

You can choose a fixed SL and TP level for your trades but due to the highly volatile nature of these meme coins I prefer trading without them and manage my trades manually.

There is also an option to auto sell your position if the dev sells. As shown previously most of the coins pump after the dev sells so just keep this option disabled, you don’t not needed.

Now the final step to make your trading experience as quick and as efficient as possible you will need to install a chrome browser extension for the Nova bot. To do this simply go back to your settings and click on “Nova Click” and just follow the instructions as you’d do with any other extension.

What this extension does it allows you to use the bot directly from your browser without the need for Telegram.

It makes trading much quicker and much more efficient, remember every second counts when it comes to trading meme coins.

And you’re done. You are now ready to trade and explore the world of meme coins.

How To Trade Crypto Meme Coins – The Strategy

When it comes to trading meme coins your job is to find coins that have potential and jump in on the momentum and the attention the coins gets from other traders. It’s seems like an easy task but as of me writing this there is about 50,000+ meme coins being created every single day. Finding the right coins can be a tricky task.

So the first step to trading meme coins is filtering out the crap and only having the best coins show up on your radar.

So this will be your usual set up:

The timeline on the left is a Twitter tracker which you can find under this link: https://neo.bullx.io/twitter-tracker. This tracker is provided by the BullX platform and it shows you the most recent Twitter activity from influential people or trends that are currently trending around the crypto space. Usually you will notice that many of the trending tweets or topics get turned into meme coins and many of these coins tend to pump at least into 6 figures market cap. This is how you can spot the current hype and jump in on the momentum of these trending coins.

Then you have the 3 tabs with meme coins you’ve seen before. To maximise your odds of finding the best coins you’re not even gonna think about trading the coins in the left tab. Leave that without any filters on just to see all the coins that are currently launching, sometimes you’ll notice a pattern of many similar coins launching at the same time. This could indicate a potential trend and an opportunity for a trade. Any coin that is good enough will be placed in the middle tab.

That’s where your focus should be, the middle and the right tab. The middle tab can provide opportunities to jump into a coin early before anyone else does, this is where you can find the coins that grow 10x or even more. And on the right you’ll find coins that have already proven itself and are a great opportunity for smaller returns but with much better odds of winning. But just because the potential returns are smaller it doesn’t mean these coins can’t grow by 10-20x they can even do much more than that but the difference between the 2nd and 3rd tab is you getting into a coin under 100k market cap and above 100k market cap.

And to filter out the noise and only have the best coins show up on your radar, these are the filter settings I use:

The settings for the “about to graduate” are meant to show you coins that are no older than 30 minutes (you could even lower this to 15-20 minutes if there’s too many coins showing up), have a market cap of $10k and under 20% of dev holdings. This ensures that the coins are not artificially inflated by it’s creator or insiders and they are fairly new with the potential to pump.

And the filters for “graduated” are meant to show you coins that have been around for no more than 5 hours so they should maintain their initial momentum and coins that are above $100k market cap. Many of the coins that do enter the graduated stage die soon after so their market cap significantly drops, so having the $100k market cap filter ensures you’ll be shown coins that didn’t die and that still have a potential to pump.

There’s not really much else when it comes to the strategy. You just have to be patient, don’t jump into every coin you see because most of them are scams and try to find the coins with the most potential. These filter will help you get rid of 90% of the crap coins out there but you still have do some deductions and see if the coin you’re about to trade will pump more or not.

Cut your loses quickly and let your winners run. The good thing about the Nova bot is that you can easily close parts of your positions with a single click so don’t try to hold entire trades hoping for 10-20x gains every time. You made profit, take a partial, price keeps pumping, take another partial and so on.

Most coins that do run only reach low to mid 6 figures, occasionally you’ll find a coin that goes into 7 or even 8 figures so even if you hold a fraction of your original position the returns are so insane you’re still gonna make a lot of money. But if the coin starts dumping, cut your losses early because they will lose most of it’s value in the end.

Here are some examples:

These are all the coins from my graduated tab. Each of these coins were in the “about to graduate” tab at some point where you could have found an entry under $100k market cap. It’s very unlikely you’ll be able to get into these coin early enough to catch the full pump but if these coins go thousands of percent from their original price, even you can catch a small percentage of the pump it’s still more than enough to catch +100% trades, if you get early enough 5-10x pumps are much more common than you may think.

You just need to learn how to filter out the noise and get rid of the bad coins from your radar.

Most of these pumps have just a few things in common. High number of holders, high volume, low number of insiders/dev holdings and most of the time the dev has sold their coins early.

If you spot a coin that has potential either get in right away or if it’s already high, wait for pullbacks. Technical analysis doesn’t work here so you have to rely on your trader intuition and common sense to make decisions.

Trading meme coins is all about hype. Just because you may think a coin looks funny and has potential, it doesn’t mean that others will agree. But if you have 100s of people think the coin is funny and they are putting money into it, the coin will pump.

From the examples above you can clearly notice that every pump ends with a dump. Don’t get greedy and take your profits.

This entire meme coin era will probably not last forever, sooner or later regulations will be put into place to stop people from making millions out of their mamma’s basement so use this opportunity to print free money while it lasts.