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There is a version of me from the 2021 cycle who would have lost money on new chain memecoins.
Back then I’d see a token pumping on timeline after some big narrative hit and ape in blindly. Half the time I was just exit liquidity for the team or early farmers.
Now, I won’t touch anything on a fresh chain without checking it on @GeckoTerminal first.
#Robinhood Chain launched just a few days ago, and that visibility has already saved me from multiple pumps that looked clean on the surface.
The two tokens I bought after checking onchain behavior were $Cashcat and 4663.
I looked at what the dev wallets were doing in real time, whether they were still buying or already distributing, and if there were suspicious sells from early holders right after the hype started.
I was right on both, but I exited too early before the real pumps. Still, I’m satisfied with the profit.
If you’re still aping new chain memes blindly like I used to, making GeckoTerminal your first check is the simplest fix, imo.
We just need to stop being the exit liquidity.