In recent years, the boom in the Memecoin market has attracted many investors, and the manipulation forces driving the explosive growth of these tokens have begun to emerge. For example, in 2021, $DOGE surged 297 times, and $PEPE rose 186 times, with many 'market makers' (MM) in the market utilizing various methods to manipulate market trends, drive market sentiment, and reap massive profits.
After months of research and tracking wallet dynamics, I have analyzed a batch of low market cap Memecoin tokens with explosive potential. Below are the key findings from this research.
Market manipulation is everywhere
In any market cycle, manipulation is an undeniable phenomenon, and the Memecoin market is particularly affected. Market makers, with their substantial financial strength, can not only influence the price trends of most tokens but also manipulate prices through well-known 'Pump & Dump' or wash trading strategies, creating a false sense of market activity to attract retail investors to follow.
How market makers operate
Through transaction analysis on the @solscanofficial platform, we found that market makers generally follow these steps:
Purchase target tokens;
Increase the visibility of market activities and raise the attention on tokens;
Attract retail investors to participate in trading;
Gradually selling assets to retail investors.
Popular Memecoin projects: List of tokens manipulated for capital accumulation
After analyzing countless market transactions and current holdings, we have summarized the following seven tokens that have significant accumulation in the wallets of market makers. These tokens may soon gain notable market attention and price fluctuations.
These manipulators often attract attention through high-exposure tokens. Below are some tokens currently held by manipulators that have the potential for hundred-fold growth:
1.$SKBDI
Popular tokens based on global memes. Frequent interaction with their audience enhances market trust.
Market Cap: $34M
2.$BRAINLET
Tokens that have sparked substantial attention on Twitter, long accumulated in the wallets of major manipulators.
Market Cap: $17.4M
3.$CWIF
A high-profile project with over 250,000 followers, leveraging cat memes to spread global events.
Market Cap: $17.2M
4.$MANEKI
By widely spreading within the $SOL community, this token has brought considerable returns to users.
Market Cap: $64.3M
5.$PENG
A penguin-themed token, showing steady growth on the $SOL blockchain.
Market Cap: $18.5M
6.$HAMMY
A meme token infused with hamster elements, widely marketed across major social media platforms.
Market Cap: $24.4M
Conclusion:
In the Memecoin market, manipulators use their funding advantages to attract retail investors to follow suit, thus obtaining extremely high returns. The current volatility in the Memecoin market makes it more difficult to predict token trends, especially with the involvement of such manipulators. However, for investors, understanding the manipulator's tactics and identifying these popular tokens may provide a window into market insights. It is essential to remain vigilant during operations to avoid being influenced by heightened market emotions while also being adept at capturing market opportunities.
