In the primary market of cryptocurrency, various scanning and token issuance activities resemble a war without gunpowder, with tricks emerging endlessly. You might think you've found a narrative-rich token, but you could be cut down at any moment. Today, I will provide you with a highly informative guide sharing the pitfalls I've encountered in token issuance and meme coins, along with tools that can help you avoid detours.

One-Click Token Issuance Platform

When it comes to issuing tokens, it is actually the most basic step in the cryptocurrency space. Without technical support, you can't even create a meme coin. Traditionally, you could write the contract yourself, but the vast majority of people don't understand this at all. Therefore, one-click token issuance platforms emerged, allowing you to skip the complex contract logic and simply fill in fields to issue tokens.
In this area, I recommend using SlerfTools. This platform performs excellently on the Solana chain, supporting one-click token issuance, liquidity management, batch transfers, trading bots, bundling transactions, etc., making it easy for you to handle the entire token issuance process. The tutorial is comprehensive, allowing even beginners to quickly get started. By issuing tokens with SlerfTools, you not only save time and effort but also gain an advantage in the primary market and reduce the risk of being exploited.

Practical Guide to Avoiding Pitfalls in the Primary Market

How to find meme coins, what tools to use, how to strike, and how to avoid pitfalls. As someone who started from scratch and has stepped into almost all pitfalls, I will share some practical experiences and techniques. Remember: in the primary market, never fantasize about multiplying your investment by hundreds or thousands. If you make some money, exit promptly; if you lose, cut your losses quickly.

1. Quick and Short is the Norm

In the primary market, don't fantasize about holding a meme coin for months or years to see it rise hundreds or thousands of times. The reality is that over 90% of projects will gradually go to zero. If it rises several times, you should exit promptly; don't be greedy, as the next meme coin might just be your golden opportunity. A moment's hesitation could lead to a crash to zero, and you might be severely harvested by the manipulators.

2. Don't Bet Everything

Meme projects essentially aim for high returns with low investment, but betting everything can easily lead to losing your entire investment. Remember, the pool in the primary market is not large; fluctuations of several dozen points or even multiples are normal. Buying less allows for high returns on low investments; don't always think that buying more means earning more because buying more also leads to greater losses. Controlling your position is the hard truth.

3. Don't Fall for FOMO

When market sentiment rises, FOMO will peak, but that's when the manipulators harvest retail investors. Never get carried away and blindly chase highs; remember: it's better to miss out than to chase high prices. Always stay alert, keep an eye on market dynamics, and don't become the last unfortunate person to enter.

4. Become an Early Volunteer

There are many ways to make money in the cryptocurrency space; some people can earn money without trading coins. They spend time volunteering for projects, securing whitelist spots, and obtaining pre-sale qualifications, which is essentially risk-free profit. For those trading coins, doing tasks and securing low-priced chips is much more reliable than blindly chasing highs. A good project's whitelist can sell for several hundred dollars, and these opportunities require you to invest time in building them up initially.

How to Filter and Strike Against Meme Coins

1. Select Targets — Don't Just Focus on Big Influencers' Calls

Beginners often mistakenly believe that big influencers' calls are guaranteed tokens, just like the recent calls from CZ. If you weren't an early buyer, later entrants will all be cut down, becoming the liquidity for others to offload. You need to learn how to use tools to filter out coins that are overlooked or just starting to gain traction.

  • gmgn.ai: Use its smart trending 1-hour indicator to filter out tokens that hot money is generally focused on today, especially looking at those created no more than 2 hours ago.

  • Dexscreener: Monitoring trends on a daily basis is also very important. Coins that rank in the top 5 for two consecutive days and have continuously rising prices may be potential big dogs.

If you want to catch meme coins earlier, you can follow Twitter groups related to scanning chains, where you can snipe some opportunities before the meme coins launch. Those interested can try it out themselves.

2. Avoid Pitfalls Guide

Step 1 to Avoid Pitfalls: Check the Contract
Before diving into meme coins, first paste the contract address into gopluslabs.io/token-security to check and ensure the contract is clean. Use gmgn and ave.ai for cross-validation to avoid traps that can only buy but not sell, are frozen, have high taxes, or have unlocked liquidity.

Step 2 to Avoid Pitfalls: Look at Holding Data
Just because the coins are concentrated in the hands of a few doesn't mean it's bad, but avoid those that are entirely market manipulation. You can use bubblemaps.io to check the ratio of market manipulation; if you see a lot of small circles forming a giant ring, that's a pump-and-dump scheme, so quickly bypass and look for the next opportunity.

Step 3 to Avoid Pitfalls: Assess Narrative Size
Whether a meme coin's narrative is substantial enough directly determines its spreadability. The narrative must have a story and be shareable, capable of sustaining attention for several days. Don't blindly bet everything based on a remark from CZ, Yihe, Trump, or Musk; first confirm if the narrative is stable before deciding to dive in.

Conclusion

Trading meme coins in the primary market is not an easy task; it requires more focus than trading altcoins in the secondary market. There are more pitfalls, but also many opportunities. Remember, don't fantasize about getting rich quickly, don't bet everything, stay clear-headed, control your position, practice with small amounts, and gradually build your trading strategy. I hope this guide helps you avoid detours and seize golden opportunities.

Remember, when retail investors are cut down, they can grow back, but to avoid being cut, you must learn how to become a manipulator!