Someone asked me how to determine whether the market maker in the Solana primary market is accumulating or distributing.

In meme coin investment, determining whether the market maker is distributing or accumulating after a rise and fall is crucial. On the Solana chain, meme coins experience rapid declines in market attention; if the project team takes no action, funds will often naturally flow out.

Therefore, when a meme coin is consistently stagnant but not dropping, it does not mean that retail investors are collectively not selling; in fact, it is the market maker supporting the price.

For example, in the past few days, the most classic $Gork, Musk changed his name, but the price of $Gork did not change. Based on past experiences, when the old man changes his name, all coins related to him will rapidly plummet to zero, but $Gork is an exception. This is because the market maker has been supporting the price; in fact, there are not many retail investors holding at this price level, and the chips are basically in the hands of the market maker, who has plans for long-term operation.

However, just because the market maker accumulates at a certain price level does not mean they can maintain the price. Sometimes, after attempting to support the price, the market maker finds it difficult to sustain, allowing retail investors to sell off, and then waits for the price to drop to a lower level before re-entering to accumulate, thereby lowering costs.

As for how much the price will drop, the market maker will observe the selling behavior of retail investors during the consolidation phase. Once they find that retail investors are no longer easily selling, they will coordinate with favorable news to drive up the coin price, attracting new funds to enter and promoting a new round of market movement.

Similarly, when the market experiences a significant drop, meme coins that decline less or resist falling are worth focusing on. These coins often indicate that the market maker is still actively supporting the price. Investors can further track the market maker's address and analyze their holding costs as an important reference for whether to enter an investment.