My Experience with $TRUMP and $PNUT: How Meme Coins and Short-Term Trading Strategies Can Be Dangerously Wrong
I opened long in $T$TRUMP $28 and closed it at $75, one of the best trades in my life.
I always tell people to buy and sell such coins fast, never hold for too long, especially when they are going down. There is always some kind of risk. Once Trump's time is over, the price of $TRU$TRUMP fall noticeably.
Something similar in category is what happened with the $PNUT. It originated just like a meme coin; this poor squirrel got popular, then it also died away.
And my daddy actually wanted to buy that when it dropped about 60%; of course, I told him, 'don't buy'; he had some small pumps yet now was done.
In case he starts pulling it again, people don't rush into the false hope of selling a dip. It doesn't work that way.
When you’re dealing with meme coins—especially those that gained popularity after an event like #HARAMBE or #PNUT—it’s important to remember that they are likely to fade away once the event is forgotten. These coins are doomed to fail after the hype dies down.
If you're a $SOL degen, make sure to buy into the memes that have built a solid community. Forcing your time on memes that became hot after an event isn't worth it unless you were in early on the action.
$BTC $Doge