Memecoin $HODL was one of the darlings of the recent $BNB explosion over the last week, which essentially just rug pulled with a host of other #BNB memecoins overnight. I don't need to convey the irony of that particular chart rugging with that particular ticker, but the lesson here - for all of us - is that if you aren't early for 95% of anon memecoins, you are very likely being set-up as EL (Exit Liquidity). It's almost always better to enter established bluechip memes like $PENGU & even other stalwarts like $USELESS rather than chase the latest flavour of the week coin. If in doubt, remember BEOBEL: Be Early Or Be Exit Liquidity. I am not immune to the FOMO either, I thought I'd found a $BNB runner yesterday and posted about it, before realising how late it likely was for $BNB memes, and deleting the post thinking I had done nowhere near enough DD to post about it. This account needs to stick to posting about market movers, new trends, majors, and early narratives, rather than assisting in fuelling the flames of a dying bubble. The likes of $TRILLIONS and $PRICELESS were great calls because they were early to new narratives (of $XPL and $BNB memes respectively), but even then we all need to remember to never overstay our welcome when dealing with anonymous memecoins. That being said, if you find the first mover of a new trend, or a new narrative, the chance that particular coin has some enduring value and staying power relative to the myriad betas that spring up around it is much higher, which is why I still have positons in both $TRILLIONS and $PRICELESS - as the first movers on (perhaps) enduring new narratives.
The wild thing is there is now a new $HODL on Meme Rush which actually has a good chart. CZ seemingly killed one meta overnight, and started another. Utterly ruthless. The memes on Meme Rush probably have their time in the sun now, but never ever outstay your welcome.
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