Profiting from Meme Coins

Good afternoon, my degenerate crypto friends. How are you doing this fine afternoon? I’m doing great. Recently, I made a video about Asteroid Sheibba, where I mentioned investing a small amount. I got lucky and managed to sell at a 7x profit. Although it’s still climbing, I’m content with my decision to take profits. Holding on too long can lead to losing those gains, as no one knows where the top or bottom is.

When it comes to meme coins, people often think the best way to make money is by buying them and hoping for luck. While some do get lucky, it’s not a reliable strategy. Personally, I’ve never had significant luck, though I did make some money with Asteroid Sheibba and another coin called Redo, which is likely dead now. The key was selling at the right time.

Creating Meme Coins

The best way to profit from meme coins isn’t by buying them but by creating them. There’s a platform called Pump.fun, which some criticize as a meme coin casino. Despite the criticism, it offers an opportunity to create coins without needing to provide liquidity, which is crucial for trading. Pump.fun handles the liquidity, allowing anyone to create a coin in about five minutes.

When you create a coin, you can earn from trading activity. Even if the coin doesn’t take off, you can still make a decent amount. For example, someone on X mentioned making a good salary by creating multiple coins each month. The process involves setting up a page with basic information and perhaps a narrative or meme to attract buyers.

Examples of Successful Meme Coins

One example is “Make Aliens Great Again,” which references MAGA and Trump’s comments on aliens. The creator made $42,000 in rewards from this token. Another example is “Tongue Sahur,” which reached a market cap of over $3 million, earning the creator $10,000. These examples show that even simple ideas can generate significant returns.

Another coin, “Not in Employment Education Training,” reached a market cap of $28 million, earning its creator $120,000. Similarly, “Pumpcade” made $71,000, and “Ass Face,” despite a smaller market cap, still earned $5,000 in creator rewards.

My Experience with Pump.fun

I used Pump.fun to create a coin for my project, even though I’m not well-known. Despite this, I earned $41 in creator rewards. It shows that with a decent meme and some trading activity, there’s potential to make money. The platform allows for creativity and experimentation, making it an interesting option for those looking to explore the meme coin space.

Launching a Memecoin and Its Initial Impact

I hold a portion of the supply and have given some to friends and family, so we’re the holders and not selling. This creates a small base. However, there weren’t many trades when I launched it. On the first and second days, a few people bought and sold, and I made $40. It’s not a significant amount of money, and this isn’t a lifelong endeavor. But if you’re creative, you might come up with good memes and earn some extra money from them. If your memes do well, you can generate additional cash flow.

Adapting to Changing Opportunities

It’s important to adapt as things change quickly. I’ve always been interested in passive income. I earned a good income from Google AdSense for several years and thought I was retired until it eventually crashed. Now, there’s an opportunity to make money with memes. This might only last a few more years. People might eventually tire of betting in this memecoin casino as things evolve rapidly. However, at this moment, it’s a way to make money, potentially almost guaranteed, if you create decent memes consistently each month. I would need to test this, but if I earned $40 just for putting up my logo, maybe you could make a couple of thousand a month without overexerting yourself.

Exploring Creativity for Profit

That’s all for today. I found the idea of making memes for profit very interesting. If you’re a creative person and think it would be fun, especially if you enjoy art and creating visuals, consider current events, interesting narratives, and popular characters. If you’re creative, you might be able to make money from it. I’ll return to more serious topics soon, but I think these topics are fun. People enjoy hearing about making money and the fluctuations in the market. I’ll see you tomorrow. Have a great day. Bye.