CryptoD: As I mentioned, "scanning the chain" is not about sitting idle, but rather focusing on filtering community chat content, browsing Twitter information, and even organizing and maintaining a personal smart wallet database. The integration and analysis of this information is part of scanning the chain - extracting valuable information from the massive amount of data.
Although thousands of new coins are born daily, those truly worth investing in are extremely rare. Sometimes, not even one coin is worth it in a day. As for which coins I choose, it mainly relies on the information filtering method I mentioned earlier, finding narratives with the potential to "break out" or trigger emotional resonance.
For me, "breaking out" means creating a narrative that attracts web2 players' attention and draws them in. The most classic example is Elon's Doge. He leveraged his web2 influence to make many people buy $DOGE due to their belief in Elon. A more recent example is $MOODENG, where the hippo was almost a top traffic generator, potentially breaking billions of views across web2 social platforms; and the recent $TRUMP, a memecoin issued by a US president, which can be considered the most influential breakout narrative so far.
The narrative of "triggering emotion" is even broader, as emotions are subjective and not everyone feels the same way. A classic example is UFD, a foreign blogger in gold and precious metals who publicly mocked meme, only to have others use it to launch a memecoin. I believe most crypto traders have a rebellious streak - the more they are looked down upon, the more they want to prove themselves. UFD successfully captured this "fighting against Old Money" emotion and performed well.
As for position allocation, I determine the investment amount based on the market cap when discovering the token. Typically, I invest 0.2% to 1% of the token's total supply. For example, if the market cap is $1 million when discovered, I would invest around $2,000 to $10,000; if the market cap is $10 million, the investment might range from $20,000 to $100,000.
How Beginners Can Develop a Meme Worldview: Join Multiple Communities and Learn Through Practice
Q: How does CryptoD analyze projects when doing AI Agent research, and what are some relatively low-barrier but necessary entry points for beginners?
CryptoD: During the AI Meta period, my community grew the fastest. I don't have an engineering background, but some old group friends were working in related web2 technical fields, able to understand code and even assess the technical depth of each AI Agent. This saved us a lot of effort in screening targets.
For me, I just need to trust my group friends' research results and then evaluate the market cap of the current AI narrative's leading project compared to other AI projects we're following, to determine whether it's worth entering and how much position to take.
For beginners starting from scratch, it might take a very long time to explore. I believe a faster and more effective approach is to "join multiple communities" and try to understand each community's attributes, culture, and members' expertise and strengths. Some people's contract addresses can be immediately ignored, while for others, whenever they share a CA, there's definitely logic and reasoning behind it worth deep research.
Therefore, instead of developing a meme worldview alone from scratch, I more strongly recommend that beginners join several communities, observe and learn from experienced players, and learn through practice - this will be faster and more effective.
(The translation continues in the same manner for the rest of the text)CryptoD: Taking profits is definitely a complex art. For beginners, I always recommend "recovering your principal after doubling", because the on-chain meme market is extremely volatile, and 99.9% of meme coins will ultimately go to zero. We cannot control the market, we can only control our position and risk.
As for when to exit most of the position, I believe it depends on the current market environment. If the market hasn't had a coin break 10M for several weeks, then you should adjust your psychological expectations. Even if you are very optimistic about a certain narrative, you must operate conservatively in response to the environment. In this situation, after recovering my principal, I will observe the K-line trend, changes in community atmosphere, and whether the growth rate of holder addresses slows down to determine whether to gradually reduce my position.
When Web3 Loses New Narrative, MEME Coins Become the Result of Emotion Accumulation
Q: Since WIF and BOME last year, the meme season seems to have passed for a year, and it can even be said that meme coins are the theme of this cycle. Does Devin think the meme season has temporarily ended? What do you guess about future cycles?
CryptoD: I believe meme coins were so hot in this round because it's the result of emotional accumulation over the past decade. Except for BTC and a few L1 smart contract platforms, crypto has actually not seen a new narrative for a long time. Many seemingly high-end VC coins are ultimately just here to harvest liquidity in Web3. Because of this, memecoin, as a more grassroots and fairer launch option, naturally gained massive market attention.
When people start to realize that Web3 hasn't really changed the world, memecoin becomes the main outlet for funds and emotions. Of course, if Web3 emerges with a truly innovative or convincing new narrative in the future, the market's attention might then shift away from meme coins.
After Emotion, Will Meme Coins Leave a Culture
Q: Is "a target being called by a specific KOL" a narrative? How is it different from narratives from other angles?
CryptoD: I think more accurately, that's just an emotional detonation. A meme being mentioned, replied to, or retweeted by a key figure can indeed trigger a brief FOMO emotion. But the real key is: after the emotion passes, does this meme leave a culture? How many people are willing to continue holding after the FOMO emotion subsides, solely because of the emotion conveyed by this meme and the centripetal force gathered by the community. Not for any other reason, just because it's a collective memory worth participating in.
Innovation and First Principles Always the Market's Core
Q: Recently, DeFi-focused chains like Berachain and Sonic have emerged. Is Devin optimistic about the combination of meme coins and DeFi?
CryptoD: I've noticed many people in my community are enthusiastic about Sonic's DeFi, but because I participated in the 2021 DeFi Summer, if what's being played now is still the old-fashioned gameplay from the last round, it's not very attractive to me. However, I will continue to pay attention to the development of these projects. If truly new creative or innovative gameplay appears, I will still consider allocating some funds to enter, after all, innovation and first principles are always the core of this market.
Risk Warning
Cryptocurrency investment carries high risk, and its price may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
