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1. **High Risk Awareness:** Always remember that meme coins are extremely high-risk speculative activities. The funds you invest must be entirely affordable for you to lose.
2. **Speculation rather than Investment:** Treat it as a short-term, emotion-based trading opportunity rather than a long-term value investment.
3. **Community is Key:** The activity and cohesion of the community are the lifeline of meme coins.
4. **Speed and Timing:** Market sentiment changes rapidly; timing is crucial.
5. **Information Noise Filtering:** The market is flooded with false information and pump-and-dump scams, so it is essential to have discernment.