**Context and Real Examples**
- **Case 1**: In 2023, Elon Musk tweeted a meme of a *shiba inu dog* with the phrase "My new best friend!" and **$DOGE** rose by **40% in hours**.
- **Case 2**: In January 2024, a cryptic tweet from Musk ("Bonk!") caused **$BONK** (Solana memecoin) to soar by **300%** in a week.
- **Case 3**: The official account of **$WIF** (dogwifhat) posted a picture of a dog wearing a hat, and the Reddit community made it viral, driving its price up by +1,000% in two months.
#### **Why do memecoins work?**
1. **Viral culture**: They feed on humor, absurdism, and hyperactive communities (e.g., Reddit, Telegram).
2. **Influencers as catalysts**: A mention from Musk, Cuban, or even anonymous accounts with followers can trigger a *pump*.
3. **Low barrier to entry**: They are cheap (fractions of a cent) and psychologically appealing to new investors.
#### **Strategies to detect the next "SHIBA 2.0"**
1. **Real-time influencer tracking**:
- Tools: **TweetDeck** (filter keywords: *memecoin*, *dog*, *bonk*) or bots like **CryptoAlert**.
- Example: If Musk posts a meme of an animal, look for coins with similar names or logos on **DEX Screener** (e.g., if he tweets a cat, look for *$CAT*, *$MEW*).
2. **Trend monitoring on networks**:
- **Reddit**: Subreddits like r/CryptoMoonShots or r/SolanaMemeCoins often *pump* projects before they explode.
- **Telegram/ Discord**: Join aggressive trading groups (e.g., "Wall Street Bets Crypto"), where *pumps* are coordinated.
3. **On-chain analysis of whales**:
- Use **Etherscan** or **Solscan** to follow wallets that buy newly launched memecoins.
- If an address with a history of successes (e.g., bought $PEPE in its early days) invests in a new token, it’s a signal.
4. **Filter by liquidity and tokenomics**:
- **Low liquidity + burned supply**: If a token has low liquidity but 50% is already *burned*, a quick *pump* is more likely.
- **Renounced contracts**: Verify on **RugScreen** that developers cannot block sales.
#### **Risks (Don’t ignore this!)**
- **Pump and Dump**: 90% of memecoins drop 80-99% after the peak.
- **Scams**: Fake projects with names similar to viral tweets (e.g., if Musk talks about "X", 100 coins called $XSCAM will emerge).
- **Gas fees**: Buying on DEXs like Uniswap can cost more in fees than your investment.
**Conclusion**
Memecoins are like **high-speed lottery**: you can win a lot, but lose it all in minutes. If you want to play:
- Only use money you are willing to lose.
- Set price alerts (e.g., on **CoinMarketCap**).
- **Sell quickly**: 90% do not reach all-time highs again.
$BNB
