In this bull market, overseas KOL Ansem, who successfully called for Solana and meme coins such as WIF, was accused by the community of “pumping and dumping” through public calls, causing his followers to take over his positions.
In response to this, Ansem denied these accusations in a post on X, stating that he has never been involved in any pump and dump operations with cryptocurrencies. He admitted that he may make judgment errors at times, but he absolutely does not sell tokens immediately after making the call. In subsequent tweets, Ansem discussed meme coins and shared four attributes that successful meme coins should possess.
Relevance: The appeal of memes to ordinary people who have no knowledge of cryptocurrencies or finance, whether or not they like the meme.
For example, $WIF is a meme that resonates with people easily. Everyone loves dogs, and a dog wearing a hat is easily understandable to anyone, regardless of whether they understand the underlying blockchain. Therefore, WIF has a high “retail score” because dogs are cute, just like other successful meme coins such as Dogecoin.
Even if a meme resonates with people, it still needs some kind of mechanism for spreading. This may be a combination of various factors.
For some memes, it may be upcoming major events, such as $BODEN in the upcoming presidential election. For other meme coins like $DOGE, it may be the constant discussion by the world’s richest person (Musk).
Usually, the starting point for something to become popular is its ability to quickly appear in front of many people, and social media plays a huge role in the spread of these memes. Many meme coin communities “raid” the comments section of influential accounts because they know it is the easiest way to attract attention. It is also common for memes to be associated with accounts that have a large number of followers. It is best when this connection happens naturally, and people buy early just because they like the meme. However, sometimes people are “forced” to buy, for example, when KOLs passively receive meme coin airdrops. But this practice is never effective.
This is a very crucial part that most people do not understand in the early stages of these memes and is a key factor in determining which memes will perform well. The reason why many new meme coins die immediately after release is that the development team holds a portion of the supply and can sell a large amount in the market immediately upon release, making a five or six-figure profit (sometimes even four figures). Most people don’t have a lot of money, so it is much easier to profit immediately from the release of the coin than to wait for a higher price to sell.
Now, you can look at the statistical data of wallets to understand the distribution, but people often hide how many coins they hold in different ways. I have found that the best way to assess token distribution is to combine using Birdeye or other tools you use to view supply distribution and also observe how online communities interact with accounts on crypto Twitter.
You can hide wallet distribution in certain cases, but it is difficult to fake genuine interactions with people on Twitter. This is why $WIF and $MICHI continue to perform well, as they have very active communities on this platform, constantly responding to people and promising not to sell before the price is higher. All the best memes have great cults, and these cults are most powerful when formed at low market caps, when others haven’t noticed yet.
This refers to how easy it is to transfer the meme to other completely unrelated things.
