I've been participating in the blockchain space for quite a long time. I've not made a fortune, but I've made what many people would call "real money" - not life-changing, but many thousands.

All of that has been with more mainstream currencies and a few projects for apps.

For a long time, I've considered learning about creating a new meme coin. I have zero interest in rug-pulling or scamming anyone, but I would do it so I could make some real money.

After thinking about it for a long time, I decided to dive in.

I spent several hours watching videos and reading articles describing the process of creating and launching a meme coin. It seemed to me that I could do this and that it would cost me about $3,000 (for the way I wanted to do it).

Before I did that, though, I wanted to participate in the speculation to see how this really worked, so I spent the rest of the day learning about how to find coins that would give me some chance of making a profit.

I should note that although I had no real experience trading these kinds of coins I had spent some time looking at the charts of some of them and I have experience investing based on technical analysis.

I set up a new wallet, bought 1 SOL and started looking for coins using the tools I'd learned about. I'm not going to talk about tools or specific coins because I don't want to recommend any of them just yet.

The first coin I found looked like a lot of fun, had a website/Telegram/X, was just a couple of minutes old, LP burned, etc. So I bought some. It went up about 2x so I sold half. I watched it the rest of the day and bought low and sold high a few times.

While I was doing that I bought three other coins and did very similar things.

The total value of my portfolio had dropped by 50% over about 12 hours. I set my computer and phone aside and got ready for bed. As I was going to bed, I checked my wallet one more time and saw that I was up almost 100% from where I started and that it was mostly from the last coin I bought (even though it had dropped a lot and was hanging at the bottom for a long time). I sold half of it and went to bed.

When I first checked the next day, the value of my portfolio was about the same so I started looking for more coins. I purchased one more, it rose a bit, I sold half and stopped paying attention.

At this point, I thought two of the five coins were worth my attention for a while longer - the first and last coins I picked up on the first day of trading.

I just had a gut feeling about both. The first one didn't have any community around it really but I think it's worth holding. The last had a very active community and was moving at what I expected to be normal.

I was bullish on $COIN_ZERO and very bullish on $COIN_THREE.

My portfolio is still about the same at about noon UTC.

A couple of hours later it seems pretty clear that the rug was pulled on $COIN_THREE

Shit!

The community on TG decided to not take it lying down and started a takeover and recovery. I hate to think so many people lost more money than I did, but it is nice to see people coming together to make it work.

Still watching on day three.

I've been participating in the blockchain space for quite a long time. I've not made a fortune, but I've made what many people would call "real money" - not life-changing, but many thousands.

All of that has been with more mainstream currencies and a few projects for apps.

For a long time, I've considered learning about creating a new meme coin. I have zero interest in rug-pulling or scamming anyone, but I would do it so I could make some real money.

After thinking about it for a long time, I decided to dive in.

I spent several hours watching videos and reading articles describing the process of creating and launching a meme coin. It seemed to me that I could do this and that it would cost me about $3,000 (for the way I wanted to do it).

Before I did that, though, I wanted to participate in the speculation to see how this really worked, so I spent the rest of the day learning about how to find coins that would give me some chance of making a profit.

I should note that although I had no real experience trading these kinds of coins I had spent some time looking at the charts of some of them and I have experience investing based on technical analysis.

I set up a new wallet, bought 1 SOL and started looking for coins using the tools I'd learned about. I'm not going to talk about tools or specific coins because I don't want to recommend any of them just yet.

The first coin I found looked like a lot of fun, had a website/Telegram/X, was just a couple of minutes old, LP burned, etc. So I bought some. It went up about 2x so I sold half. I watched it the rest of the day and bought low and sold high a few times.

While I was doing that I bought three other coins and did very similar things.

The total value of my portfolio had dropped by 50% over about 12 hours. I set my computer and phone aside and got ready for bed. As I was going to bed, I checked my wallet one more time and saw that I was up almost 100% from where I started and that it was mostly from the last coin I bought (even though it had dropped a lot and was hanging at the bottom for a long time). I sold half of it and went to bed.

When I first checked the next day, the value of my portfolio was about the same so I started looking for more coins. I purchased one more, it rose a bit, I sold half and stopped paying attention.

At this point, I thought two of the five coins were worth my attention for a while longer - the first and last coins I picked up on the first day of trading.

I just had a gut feeling about both. The first one didn't have any community around it really but I think it's worth holding. The last had a very active community and was moving at what I expected to be normal.

I was bullish on $COIN_ZERO and very bullish on $COIN_THREE.

My portfolio is still about the same at about noon UTC.

A couple of hours later it seems pretty clear that the rug was pulled on $COIN_THREE

Shit!

The community on TG decided to not take it lying down and started a takeover and recovery. I hate to think so many people lost more money than I did, but it is nice to see people coming together to make it work.

Still watching on day three.