Recently, there are many memes in the Binance wallet #MEME , many of which are Pixiu tokens, constantly being pumped since their launch, and some have even made it onto the Binance wallet popularity chart. Many new users don't understand how to view them, how to buy them, and even buy Pixiu tokens themselves, seeing the price rise and continuing to buy, witnessing significant increases and even urging friends to buy, only to realize when selling that they can't get rid of them.
Here, I want to briefly educate everyone on the precautions when buying memes.
Points to note when playing with memes:
1. Do not touch memes with a fully diluted valuation that is very high. For example, this Pixiu meme below has a fully diluted market cap of 41 million; how much higher can it go? What is the market cap of tut? When you see it rising and rush in, even if it’s not Pixiu, your chances of losing money are much greater than making money, because it is very difficult to double your money while it could drop to 1/10 in just a few minutes.
2. Before buying, check other platforms to see how much USDT, BNB, or SOL is in the pool.
3. Before buying, check if there are KOLs (Key Opinion Leaders) buying or selling this project. If there is only buying and no selling, you must check if it is a Pixiu token. Normally, if there’s only buying and no selling or only a few addresses are selling, it is basically confirmed to be a Pixiu token. In such cases, regardless of who shouts for buying, be cautious.
4. Check if the contract is a Pixiu token and whether the contract has been abandoned.
If selling is 100%, or if the contract hasn’t been abandoned, and shows a whitelist or blacklist, you need to be cautious. If you are unsure, you can ask Qige or friends familiar with memes around you.
5. Does this meme have an official Twitter account? Are there any major influencers following the official account? If it’s just an official account with fewer than 100 followers, you need to be careful and analyze further.
There are many tricks in memes; feel free to discuss with Qige.
Here, I want to briefly educate everyone on the precautions when buying memes.
Points to note when playing with memes:
1. Do not touch memes with a fully diluted valuation that is very high. For example, this Pixiu meme below has a fully diluted market cap of 41 million; how much higher can it go? What is the market cap of tut? When you see it rising and rush in, even if it’s not Pixiu, your chances of losing money are much greater than making money, because it is very difficult to double your money while it could drop to 1/10 in just a few minutes.
2. Before buying, check other platforms to see how much USDT, BNB, or SOL is in the pool.
3. Before buying, check if there are KOLs (Key Opinion Leaders) buying or selling this project. If there is only buying and no selling, you must check if it is a Pixiu token. Normally, if there’s only buying and no selling or only a few addresses are selling, it is basically confirmed to be a Pixiu token. In such cases, regardless of who shouts for buying, be cautious.
4. Check if the contract is a Pixiu token and whether the contract has been abandoned.
If selling is 100%, or if the contract hasn’t been abandoned, and shows a whitelist or blacklist, you need to be cautious. If you are unsure, you can ask Qige or friends familiar with memes around you.
5. Does this meme have an official Twitter account? Are there any major influencers following the official account? If it’s just an official account with fewer than 100 followers, you need to be careful and analyze further.
There are many tricks in memes; feel free to discuss with Qige.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BNB
598.36
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