Ethereum / EuroLong
My Approach to MEME Trading
Hi!
If you are even little bit interested in Crypto then you probably have noticed all the buzz and excitement around MEME token launch (especially in Crypto Twitter, now X). Looks like they are stealing all the spotlight with their upcoming Binance listing which should happen tomorrow( Nov 3rd). Company behind that token is Memeland, which was founded in June 2022 (same team who started 9GAG back in 2008). Memeland is an independent web3 venture studio.
They are really good at marketing and the way how they launched their marketing campaign could be a great case study about creative marketing.
But let’s rewind time back to the end of September and see how I approached to that event. And maybe more importantly why?
I knew Memeland project way before that – they have quite popular NFT collections. They belong into top 10 NFT projects. I also knew that at some point they will launch their token. At the end of September Memeland’s CEO confirmed in Twitter spaces that token will be launched in October. As I’m not new to Crypto, I knew that there are always a lot of delays with everything related to Crypto. This time my gut told me they are going to do it within that timeframe.
So it might be a good idea to buy their NFTs. Because holding those NFTs are basically only way to participate in token pre-sale and every NFT will get an airdrop of MEME tokens.
Information about NFTs:
• 25% of the total token supply will go to NFT holders.
• 20% unlocked at TGE (Token Generation Event)
• 80 % locked in NFTs with non-linear unlock
I bought some of their NFTs before marketing campaign and my entry timing was quite good. I’d say there was a window of opportunity. Since that value of those NFTs has increased significantly from my entry point and I have already participated in token pre-sale. By selling now I would be in instant profit but that’s not the plan. These NFTs will hold 80% of the tokens so it would be interesting to see the price action of these assets after 1st part of airdrop.
Why I decided to participate in MEME pre-sale?
So far I have never traded meme coins, it’s not my thing. On the other hand, I’m open-minded and ready for new challenges. This time I decided differently and here's some of the reasons:
1) Financial interest – As a trader I see an opportunity here. I think this token's launch will have a lot of buzz around it. People are tired of long bear market (2 years) where basically nothing happens. This event will create a lot of excitement for crypto community (and remind good old days to some Crypto OGs).
2) Timing – Crypto bear market, nothing happens, no excitement. Market sentiment is low (although it has been improving lately). On the other hand all eyes are on their token launch. Would like to see how this plays out, especially in current market cycle.
3) Token symbol MEME - can you think a better name for a meme coin.
4) Trading education – I’ll probably learn a lot about markets with this launch, no matter what’s the outcome.
Now let’s move to the trading plan
My thesis is that this token can have its momentum and will fly for some time. In other words, odds are good for price increase. Of course I could be wrong but that’s the way how I’m evaluating that event.
At launch I have:
• 20% of my NFT airdrop unlocked (80% locked)
• 25% of my pre-sale allocation unlocked (75% locked)
My plan is to liquidate all my unlocked tokens within first few weeks. If the price is going where I anticipate, it would be wise to lock in some profit. This doesn’t mean this token could not have its value in the future. MEME will play important role in their ecosystem.
My trading plan is simple 😊:
• Watch price action and make adjustments to my plan if necessary
• Scale-out from my position i.e. sell with blocks at different price levels
• Market cap - I have created a table with calculations of different prices and market caps so this will help me to set scale-out levels.
• Compare it with other popular meme coins
• Most recent example is PEPE
Thank you and don’t forget to enjoy your trading!
Cheers
If you are even little bit interested in Crypto then you probably have noticed all the buzz and excitement around MEME token launch (especially in Crypto Twitter, now X). Looks like they are stealing all the spotlight with their upcoming Binance listing which should happen tomorrow( Nov 3rd). Company behind that token is Memeland, which was founded in June 2022 (same team who started 9GAG back in 2008). Memeland is an independent web3 venture studio.
They are really good at marketing and the way how they launched their marketing campaign could be a great case study about creative marketing.
But let’s rewind time back to the end of September and see how I approached to that event. And maybe more importantly why?
I knew Memeland project way before that – they have quite popular NFT collections. They belong into top 10 NFT projects. I also knew that at some point they will launch their token. At the end of September Memeland’s CEO confirmed in Twitter spaces that token will be launched in October. As I’m not new to Crypto, I knew that there are always a lot of delays with everything related to Crypto. This time my gut told me they are going to do it within that timeframe.
So it might be a good idea to buy their NFTs. Because holding those NFTs are basically only way to participate in token pre-sale and every NFT will get an airdrop of MEME tokens.
Information about NFTs:
• 25% of the total token supply will go to NFT holders.
• 20% unlocked at TGE (Token Generation Event)
• 80 % locked in NFTs with non-linear unlock
I bought some of their NFTs before marketing campaign and my entry timing was quite good. I’d say there was a window of opportunity. Since that value of those NFTs has increased significantly from my entry point and I have already participated in token pre-sale. By selling now I would be in instant profit but that’s not the plan. These NFTs will hold 80% of the tokens so it would be interesting to see the price action of these assets after 1st part of airdrop.
Why I decided to participate in MEME pre-sale?
So far I have never traded meme coins, it’s not my thing. On the other hand, I’m open-minded and ready for new challenges. This time I decided differently and here's some of the reasons:
1) Financial interest – As a trader I see an opportunity here. I think this token's launch will have a lot of buzz around it. People are tired of long bear market (2 years) where basically nothing happens. This event will create a lot of excitement for crypto community (and remind good old days to some Crypto OGs).
2) Timing – Crypto bear market, nothing happens, no excitement. Market sentiment is low (although it has been improving lately). On the other hand all eyes are on their token launch. Would like to see how this plays out, especially in current market cycle.
3) Token symbol MEME - can you think a better name for a meme coin.
4) Trading education – I’ll probably learn a lot about markets with this launch, no matter what’s the outcome.
Now let’s move to the trading plan
My thesis is that this token can have its momentum and will fly for some time. In other words, odds are good for price increase. Of course I could be wrong but that’s the way how I’m evaluating that event.
At launch I have:
• 20% of my NFT airdrop unlocked (80% locked)
• 25% of my pre-sale allocation unlocked (75% locked)
My plan is to liquidate all my unlocked tokens within first few weeks. If the price is going where I anticipate, it would be wise to lock in some profit. This doesn’t mean this token could not have its value in the future. MEME will play important role in their ecosystem.
My trading plan is simple 😊:
• Watch price action and make adjustments to my plan if necessary
• Scale-out from my position i.e. sell with blocks at different price levels
• Market cap - I have created a table with calculations of different prices and market caps so this will help me to set scale-out levels.
• Compare it with other popular meme coins
• Most recent example is PEPE
Thank you and don’t forget to enjoy your trading!
Cheers
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