94.4% of FOMO traders lost money over the last 60 days. You just don’t see those screenshots. Memecoins are high risk and high reward, but you can lower the risk by following a checklist: • Liquidity. Market cap tells you almost nothing here. Look at how much money is actually sitting in the pool. If your position is already meaningful compared with the liquidity, getting out can get ugly fast. • Supply concentration. Check top holders, bundled buys and wallet funding. A launch can look organic while a few connected wallets already control most of the supply. • Who buys after you? If the token already did 10x and every large account is posting it, ask who's supposed to buy your bags higher. • What happens when a whale sells? Thin liquidity plus a few big holders is a horrible combination. One large exit turns into everyone racing for the door. • Copycats. One meme pumps and suddenly there are 30 versions of it. Once attention starts splitting, volume usually follows. • Don't blindly copy wallets. Seeing a good trader buy is useful information. It doesn't mean you should buy the second their trade shows up on your feed. I'd rather wait and see what they do after the first big pullback. • Pick the right table. Some meme markets are almost entirely experienced onchain traders playing against each other. Others pull in much broader users. Knowing who you're trading against matters. LAPTOP is a clean example of all of this. It crashed almost 97% after launch, and most of the people who bought it were buying someone else's exit without knowing it. I'm still very open to trading memes when the market gets hot. I just treat them like poker rather than investing. Figure out who already has the chips and who you expect to buy from you later. Then worry about how much you can make.(Edgy - The DeFi Edge 🗡️)