How did he make 7 million in 10 days?

The recent rise of Meme coins is really fierce. The new coin $Moodeng has skyrocketed by tens of thousands of times, and the new "dog king" $Neiro has once again pulled up more than 50%!

A well-known crypto KOL posted at the end of September that the group members made nearly 1 million US dollars in profits on the new coin $Moodeng. Through the transaction screenshots, it can be estimated that this lucky person made 7 million RMB in 10 days, and the income is astonishing...

Biteye Lao Leek analyzed the logic behind the rise of these two tokens, and answered how to find 10x and 100x projects, which is worth collecting!

01 Neiro's Story

The King of Meme $Doge The Dogecoin logo is a dog named KABOSU, based on Astuko Sato's first Shiba Inu, who became popular on the Internet because of his devilish expression. However, KABOSU died on May 24, and his owner Astuko Sato later adopted Neiro.

After Neiro's picture appeared at the Bitcoin conference, multiple related tokens appeared on the chain, and eventually the uppercase $NEIRO and lowercase $Neiro tokens on Ethereum remained.

The reasons for the increase in the market value of lowercase $Neiro include:

1. The project party airdropped 4% of the tokens to Ethereum founder Vitalik Buterin (V God), who sold them and donated the funds to charity, which brought popularity to the project.

2. The community organized a coin donation event on Binance, raising tokens worth $720,000, which reflected the unity of the community.

3. Binance launched spot trading of lowercase $Neiro.

02 The Story of Moodeng

Moodeng has a high popularity on Web2, and many well-known brands such as McDonald's and Microsoft have posted tweets related to Hippo.

The Moodeng community has developed rapidly, especially on the Solana chain. Later, $Moodeng on Ethereum gained popularity again because of its donation to Vitalik Buterin and charitable donations by Vitalik Buterin.

03 Reasons for the recent rise in popularity of Neiro and Moodeng

The rise in market value and popularity of the two projects, $Neiro and $Moodeng, is mainly attributed to two key factors:

1. Vitalik Buterin sells coins for charity (attracts popularity):Project direction Ethereum founder Vitalik Buterin (V God) airdropped tokens, and V God subsequently donated the proceeds from the sale of tokens to charity. This behavior not only increased the exposure of the project, but also won a positive image for the project.

2. Community solidarity (reflected in coin donation activities):By organizing coin donation activities, community members demonstrate their support and solidarity for the project. This collective action not only enhances the cohesion of the community, but also sends a positive signal to the outside world.

Of course, not every project that airdrops to Vitalik Buterin will succeed. For Memecoin, the most important thing is actually the traffic of the community and Meme itself.

04 How to find a Meme coin before it skyrocketed 10 times or 100 times

When choosing a Meme coin, you need to ask yourself 3 questions to judge its potential:

1. Does the source of the Meme bring its own traffic (with a good narrative)?

In fact, many Meme prototypes do not necessarily originate from Web3. Instead, the narrative was fueled by the overflow of Web2's heat. Therefore, you can pay attention to hot spots on well-known Internet social media, while paying attention to discussions on Twitter and Farcaster.

2. Will the Meme be used multiple times by famous people or official Twitter accounts?

For example, will the "godfather" of Meme coins, Musk, and "the king of shouting orders" Trump, or other celebrities tweet to discuss?

Typical Meme coins related to Musk include DOGE, SHIB, FLOKI, TROLL, NUTS, etc. It can be said that every tweet from Musk may trigger the craze for Meme coins.

Trump's influence in the field of cryptocurrency has also gradually increased. After the shooting at a campaign rally in Pennsylvania in July, the Meme tokens related to him have soared. For example, the TRUMP token rose by as much as 68% in 24 hours.

The rise of these tokens is due to the popularity brought by the celebrity effect, which in turn drives FOMO sentiment.

3. What is the community atmosphere of Meme like, and how is its development?

The simplest and most intuitive way is to look at the number of members and atmosphere of communities such as Telegram and Discord, or the topic discussions on Twitter.

05 Summary

Many people follow Degen players to buy and sell when trading Meme coins, or trade from the perspective of Degen players, which may limit the perspective of viewing Meme coin transactions.

For example, artist @beeple has released many pepe-related artworks before. Recently, he has also released more than one artwork about Hippopotamus, and this was before Hippopotamus was launched. The reason why he created it was because he saw the traffic and popularity. Therefore, if you only focus on the trading operations of Degen players, it is easy to ignore other opportunities.

Soros said in his autobiography: The cognition of trading participants is flawed, and we need to look at trading from different perspectives.