I Bought MEME Coins so you don't have to...

Boxmining

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I Bought MEME Coins so you don't have to: light of the recent explosion in the world of $meme coins, particularly with the rise of $PEPE to a $1 billion cryptocurrency, I embarked on an intriguing ven...

I Bought MEME Coins so you don't have to: light of the recent explosion in the world of $meme coins, particularly with the rise of $PEPE to a $1 billion cryptocurrency, I embarked on an intriguing venture - delving into the fascinating realm of meme coins, so that you wouldn't have to. People have been left wondering whether meme coins are the next big thing in the crypto world, and just what it feels like to own one of these unique virtual assets. #cryptocurrency #pepecoin #memecoin 🌼 GET $30,000 in rewards on Bybit: https://partner.bybit.com/b/boxyt ●▬▬▬▬▬▬▬Recommendations▬▬▬▬▬▬▬● 📲Binance Exchange : http://boxmining.co/binance 📖 Guides, tutorials and insights: https://boxmining.com/ 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave ●▬▬▬▬▬▬▬▬▬▬Community▬▬▬▬▬▬▬▬▬● Boxmining clips: https://www.youtube.com/channel/UCjFy3VBgOZanySOLhQu6GaQ Boxmining News Website: https://www.boxmining.com/ Telegram Group: https://t.me/BoxminingFam ●▬▬▬▬▬▬▬▬▬▬▬Social▬▬▬▬▬▬▬▬▬▬▬● Twitter: https://twitter.com/boxmining Discord: https://discord.gg/9qCpqpZm8G Facebook: https://www.facebook.com/boxmining ●▬▬▬▬▬▬▬▬▬▬Disclaimer▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.

AI Analysis

I dove headfirst into the world of meme coins so you wouldn't have to, after the recent explosion of coins like PEPE reaching a $1 billion valuation. The big questions on everyone's mind are whether meme coins are the next major thing in crypto and what it's truly like to own these unique digital assets. It turns out, this whole meme coin craze tells us a lot about market psychology and a growing frustration with traditional crypto investing.

Here's what I found out and experienced:

* The Drive Behind the Meme Coin Craze:
* The PEPE coin's meteoric rise to a $1 billion valuation really kicked off this whole phenomenon, leaving everyone wondering if meme coins were the next big thing.
* To explore this, I asked my Twitter followers which meme coins I should buy, then scooped up the most frequently mentioned ones. The only one I refused to buy was Gensler, because, well, I just don't like that guy in my wallet.
* It's important to remember that meme coins are exactly what they sound like – they're just for fun and memes, not serious financial investments.
* A core reason for this craze, I believe, is a deep-seated frustration with traditional coins that boast "good technology." Often, these promising projects end up being funded by VCs (venture capitalists) who invest early at super low prices, then "dump" their holdings on the general public once their coins unlock. This destroys communities and leaves retail investors holding the bag.
* Meme coins, on the other hand, often have their supply nearly fully unlocked (around 95%) and lack VC backing, meaning there are "no dumpementals" to worry about. This appeals to people tired of being exploited.
* Studying meme coins offers valuable insights into current market psychology and how virality and sharing drive asset adoption, which is something many in crypto could learn from.

* My Meme Coin Adventure – Coin by Coin:

* Dino:
* I bought Dino during a crazy weekend surge, so my entry price was quite high at 10 cents; it's currently at 7 cents.
* My hope was that it would get listed on more exchanges and its community would continue to grow due to its high trading volume during the peak.
* I'm still holding it, but I've learned that you really need to be careful with these "crazy runs" – they can turn quickly.

* 4:
* This was a fascinating experience. I found 4 on Twitter just before a massive price jump, often called a "God candle."
* The community chatter was intense, especially among Asian traders who were hyping it up, anticipating that Americans would "go crazy" for it when they woke up.
* This turned into a classic "Buy the Rumor, Sell the News" scenario. Prices soared as it got closer to the "American wake-up" time. However, when Americans actually woke up (around 7 AM New York time), that became the peak, as many early buyers immediately sold, thinking Americans would absorb their sales. Turns out, Americans aren't that stupid, and it led to a massive sell-off.
* Luckily, I resisted the urge to sell that night and decided to ride it out, ending up with a 32% gain. It was a great educational experience on community expectations and how quickly people can dump.

* Pepe (PEPE):
* This is the coin that truly ignited the meme coin craze, boasting an insane fully diluted valuation of $820 million.
* Initially, I resisted getting into meme coins, preferring to stick with projects focused on technology. But when the volume became undeniable, I shifted to an "intense trader" strategy instead of being a long-term holder.
* I traded 1000 PEPE derivatives on Bybit, using 10x leverage. This allowed me to enter and exit positions very quickly.
* I used "isolated longs," which meant that if the price moved up 10%, my position would double, but if it moved down 10%, I'd lose everything.
* The ride was wild. I got liquidated multiple times due to sudden dips and spikes, but the profits from 10x leverage on 20-40% price movements were also ridiculous.
* In the end, my PEPE adventure was net neutral due to the extreme intensity and volatility. It was just "too intense" for me and "wasn't for me."

* Ben:
* Apparently, this coin is for people named Ben.
* It was up a staggering 91% from the afternoon to when I checked.

* Mon:
* This was a massively popular suggestion from my Twitter audience; I saw "Mon, Mon, Mon" everywhere.
* I got in relatively quickly, and it's up around 21%.

* Fuck Pepe:
* Yes, it's literally called "Fuck Pepe," created for people who missed out on the original PEPE surge.
* I put $500 into it, and it's currently down, but I still like the name.

* Lotus:
* Lotus caught the attention of DeFi enthusiasts because of its unique mechanics, playing with Arbitrum pools on Trader Joe.
* It had an interesting structure, almost like "mini tranches," where its price increased by 1% each time someone bought more.
* While it had interesting coin dynamics, it wasn't as "memeable" – it didn't evoke the same kind of strong emotion as, say, "Fuck Pepe." It dumped recently.

* Jeff:
* "My name Jeff!" joke aside, my investment in Jeff isn't doing so great right now; the market isn't kind to Jeff.

* Bob:
* Bob is interesting because it has a Twitter bot that supposedly replies in a "Bob-like" manner.
* So far, so good for Bob; it's up 13%. People seem to like Bob.

* Wojak:
* This one was a simple choice: "It's green," so I decided, "why not get the green coin?"
* And yes, it's currently in the green (profitable).

* Overall Results and Future Outlook:
* In total, I spent $8,000 buying all these weird meme coins. My current portfolio value is $8,737, meaning I'm up $737, not accounting for trading fees.
* Trading fees were a significant factor, especially for coins on the Ethereum blockchain. Each transaction cost me around $30-$40 in gas prices, which quickly adds up. Buying on a centralized exchange like Bybit, where many of these coins are now listed, can help you avoid these high fees.
* My objective is to eventually invest $10,000 in meme coins, so I still have room for a couple more. I'm inviting viewers to suggest other coins for me to look into or buy in the comments.
* I plan to provide updates in a few weeks to see how these coins perform and whether this meme coin craze has "legs."
* Ultimately, I truly believe meme coins are a direct response to the frustration with VCs dominating and dumping on technically sound projects. Given that VCs probably won't become "less savage" anytime soon, I anticipate meme coins will stick around for a while.
* While I don't think it's my place to fight the desire for people to "meme when they want to meme," I do hope we can eventually see coins with good technology that are also designed with fair tokenomics, so communities can truly stand behind them. But until then, it seems it's all about the meme coins.

Transcript

I bought a bunch of meme coins so well you don't have to. So recently I mean this whole explosion happened where PeiPay grew to a 1 billion dollar coin and people are wondering is meme coin the next big thing in crypto? What is it like to own a meme coin? And the way I did it is that I asked people on Twitter. So basically it's you guys on Twitter what meme coins should I buy and there were a lot of replies. What I did is I took the opportunity to just see which was the most frequent one in eve...

I bought a bunch of meme coins so well you don't have to. So recently I mean this whole explosion happened where PeiPay grew to a 1 billion dollar coin and people are wondering is meme coin the next big thing in crypto? What is it like to own a meme coin? And the way I did it is that I asked people on Twitter. So basically it's you guys on Twitter what meme coins should I buy and there were a lot of replies. What I did is I took the opportunity to just see which was the most frequent one in every one of these tweets and then I started buying them up. The only coin I didn't buy is Gensler because I hate that guy and I don't want that guy in my freaking wallet. So yeah sorry to all you Gensler holders. That was one line I wouldn't cross. So anyways I documented the entire journey. I have entry price, exit price, am I making it up now or not? Now before we start obviously this is not financial advice. Meme coins are exactly what they sound like. They're just for memes, they're for fun. Now first of all let's start off with why this meme craze is happening in the first place. Sure it's also fun to trade pictures but it's a fundamental reason why. And I do believe so. I actually feel like people are tired of coins with good technology because those usually end up with very bad VC venture capitals just investing and then dumping on the general public. So as a result when people buy coins with really good tech and really solid fundamentals, great team, great tech, doing something absolutely cool. They end up being dumped on because the VCs get unlocked, they bought the coins at a cheaper price and they just dump it on the market destroying that community. And I think it's a situation where people right now they're just like fed up with it. So they're thinking you know what, why don't we trade coins that are 95% fully unlocked, no VC backing, no dumpementals. Yeah, why not? So I see that as a frustration in the market. Which is why it's actually worth studying meme coins right now because it tells you a lot about the market psychology of what's going on. And it's good to study the auto virality, the auto sharing aspect of meme coins. And I think that there's a lot of people that can learn a lot from this. Alright, so let's start off with the first coin on the list which is Dino. So I got this on the weekend, I just thought, oh my god, it's a picture of a dinosaur. Whatever, I'll buy something just to get my hands wet on this. So Dino, because I was during this weekend and that was during the whole craze, I got in at quite a high price. So this was around 10 cents for my entry price and currently it's sitting at 7 cents. So that one's not doing super well. Although I would say the reason why I bought it was that I was kind of looking for it to get on more exchanges. And for the community to grow that way. It had a huge trading volume when it was all happening and blowing up on that weekend. So I felt like this could be the next PeiPay. And I'm still holding on to it, but I do feel like these crazy runs, you know... Crazy runs are crazy runs, you gotta be careful about them. So that's that. Next one is 4. This one was such an interesting entry as well into everything. So 4 I found on Twitter and it was one of those things that when I found it, I was roughly around here. So it's right before this, you know, God candle that appeared. And I learned so much from the community and this coin and it tells you so much. So what was happening there was this for me was in the afternoon. So around 4 p.m. 5 p.m. Which just like super early in the US. So probably at 4 a.m. 5 a.m. As you know, time is reversed. So when this launched, it was kind of launched in the night when it came to American time. And the Asians were kind of like heating up and talking about this coin being shared in various groups. So anyways, I thought, okay, why not go check it out. And they were advertising that, you know, Kobe invested. There were people who bought in early and the chat was just crazy. The prevalent, the, the prevailing theory. I can't speak tonight, but the prevailing theory was that when the Americans wake up, they'll go crazy for this coin. So there was a lot of hope and a lot of, oh, we, we feel like we know more sort of mentality on that chat. So guess what, right? So it did explode. So as you know, it was, it got closer and closer to Americans waking up, quote unquote, prices went up. But when the Americans woke up, so this would be around 7 a.m. New York time. All right. So when the Americans woke up, obviously that became the peak because, because that sell signal was when Americans wake up. Right. So everyone was thinking, oh, we should sell on them and they're going to buy more. But it turns out, yeah, Americans aren't that stupid. Right. Now, before we continue, let's have a quick word from our sponsor, Bybit. Bybit is a top cryptocurrency exchange. And now they are listing new coins the fastest with the most volume, which is pretty insane if you want to get in on all that crypto action. If you do want to join the Bybit exchanger is a limited time offer, which is 50 free US dollars. If you do the first KYC and you load more than a hundred dollars into the exchange. If you're interested, sign up with the link down below and you'll automatically get in this offer. Remember, it's only for the first 100 people to do so. So what are you waiting for? This is a classic case of By the Rumor, Sell the News. Right. There was an objective that people are looking up and hyping up towards. But when that happened, boom, like that was the end of the road. Right. This faced a massive sell off. And luckily for me that day, I was just like, you know, I'm experimenting with all these meme coins. I was so tempted to sell that night, but I didn't. I just want to see how it would ride out. And it turns out that Ford did survive the night for me. So I'm standing at around a 32 percent gain at this current point. But I definitely learned a lot when it came to the community's expectations and how savage people can dump when the certain times or whatever they're looking forward to happens. That was a great educational experience. Next up, we have the God coin PeiPay. PeiPay number one. Man, PeiPay is such a crazy ass story. And obviously, it's the coin that started all of this. It's got the highest fully diluted value of $820 million. I mean, it's ridiculous how that is going. So, I mean, it needs no real introduction. Now, my PeiPay story is a little bit more different from everyone else, I would say, because when, you know, at first I was thinking I shouldn't get into meme coins. All right. Like everyone else here, I thought, you know, I'm going to stick to my gun, stick to the tech. But when things really did get triggered, I saw this insane volume. I started trading it. And since I was late already, I thought my strategy here was not to be a hodler, but to be an intense trader. So I actually traded 1000 PeiPay derivatives on Bybit. So the way it works is that it's just 1000 PeiPay. All right. So that's why the prices are 1000x more than everyone else. But it allowed you to have 10x leverage and allowed me to enter positions in and out very quickly. Now, I can say this was an insane ride for me. I think at the end, my adventure was net neutral just because of how fast things went. I struck lucky a few times, especially with the Binance listing. When things appear to move up, I actually managed to long PeiPay. But the problem with leveraged longs is that if, say, for example, I was using 10x leverage. So if the price moved up 10%, I would double. But if I even moved down 10%, I'll lose the entire stash. So what I was doing was I was using isolated longs. And I felt that was the right strategy for me because I was just trading this on a minute basis. But for me, it was an education experience. I use isolated margins. I did get liquidated multiple times just because it just was suddenly dip or suddenly go up. But then, of course, the profits were ridiculous when it's 10x and the prices moved up 20, 30, 40%. Right. So it kind of eased out in the end. I felt like it was just too intense in terms of trading. And it just wasn't for me. So anyway, so the end of consequence is I put an entry price off today. And we just want to monitor what's happening with PayPay. All right. The next one. Next one is Ben. Oh, my God. I mean, I think this needs... It's apparently a coin for people called Ben. This is where it's at. And yeah, apparently from afternoon to now, it's up 91%. Next one, we have Mon. This is a popular choice. I saw this endlessly when you guys... When I asked you guys, you know, what you guys want. There were just like a bunch of people saying Mon, Mon, Mon, Mon, Mon, Mon, Mon, Mon, non-stop. Yeah. So got into that one. Relatively quick entry, but it's up around 21%. Why not? Before we continue with this video, I'd like to draw your attention to the Crypto Squad. So this is a video channel that I'm incubating and it provides a lot of unique, fast updates on what's happening in crypto. So say, for example, we have airdrop alerts for the latest airdrops that you should be paying attention to. We also have the China's Who's Who series, which Natalie covers basically the who's who's of crypto in China. There's also a lot of dirt on there. I think that's what Natalie is interested in. So make sure you check out the Crypto Squad channel. The next one we have on my list is... This one's stupid. Fuck Pepe. All right. It's literally called Fuck Pepe. It's for people who didn't get into Pepe and then they said, you know, fuck Pepe and let's make a coin for that. This is... Yeah, I mean, I put 500 bucks in there. It's down. So I don't know, man. I like it. So fuck Pepe. Fuck, fuck Pepe. Next one we got Lotus. Lotus was interesting. Lotus apparently dumped today. This was actually quite interesting because all the DeFi guys were super interested in it because it had... It played around with how the Arbitrum pools on Trader Joe worked. And people were looking at it for... And as a novel way to buy into a coin because it kind of organized itself in kind of almost like these mini tranches and increased itself by 1% each time people bought more of it. So... That was about it. I almost feel it as like it's got interesting coin dynamics, but it's just not as memeable. So, you know, it doesn't invoke emotion, right? It's like, it's not like, fuck Pepe. So... Anyways. Next up we have Jeff. My name Jeff! But also Jeff lose money. Also my name Jeff. So I bought some Jeff. And it turned out didn't do so good right now. Market's not so good for Jeff. That player is out there. Lastly, we got Bob. Alright, Bob was interesting because Bob actually has a Twitter bot. And a Twitter bot would reply to people like Bob would. Apparently. That's... Yeah. That's Bob for you. Apparently. But yeah, so far so good actually. It's up 13%. So, yeah. People like Bob. People don't like Jeff. And lastly, of course, we got... Wojak! Anyways, it's green. It's also green. So I thought, why not? Why not get the green coin? So what's the conclusion so far? So, so far I spent a total of $8,000 buying all these weird meme coins. And right now I'm currently at $8,737 in terms of value. So I'm actually up $700 if you don't count the trading fees. I do have to say trading fees are pretty expensive. A lot of these coins are on Ethereum. And I bought them just using ETH. So, yeah. I guess if you have an exchange. So, yeah. Quick Bybit show. If you got... If it's on Bybit or any other exchange. Then buying on an exchange wouldn't cost you ridiculous fees. But if you're buying them on Ethereum chain. Yes, it would. Because every transaction will cost you around $30 to $40 at this current point for gas prices. So, that was not counted in this one. So far, what I want to do is I want to update you guys how this adventure... If you find this content interesting. Obviously, please, please do click the like button to this video. It actually does help the YouTube algorithm. And of course, I'm leaving room here. So, my objective was really to buy $10,000 worth of these meme coins. So, yeah. Spaces for two or even more coins up here. So, if you guys are interested in particular coins. And I should look into or buy them. Then, yeah. Sure. Leave a comment down below. Into this video. And I'll just pile this on the list. And then we'll kind of view them, you know. A few weeks down the road. To see if they go up or down. And if, you know. This whole meme thing is... You know. Has its legs. I definitely do believe that memes are its response to just how... The VC scene has just dominated all the coins with good tech. In which case, if that is the case. I do think meme coins will be around for a bit longer. Because I don't see VCs being less savage in the next few months. So, we're really going to see what happens. The simplest way to put it is. I don't feel like I can change the flow of the river. People want to meme when they want to meme. So, I don't think it's my place to fight that. But I think it is my place to speak up against this really badly designed tokenomics. And hopefully in the future we'll have coins with good tech that we can stand behind. But until then, I guess it's all about meme coins and this craze. So, anyways guys. Thank you for watching this video. I hope it was informative. I hope it was not too stupid. But whatever it is, leave a comment down below. I'll see you next one.