Late on day three, seven of use in the COIN_THREE TG had a voice chat and came up with a plan we all agreed on. Good plan? I think so, but I'm new at this.

A big part of that plan was "sleeping on our bags."

About two hours after I went to sleep - midnight for several of our team members - the dude who was trying to take over the discussion in chat, who was on the call and a big fan of the plan, told everyone in the chat that we were re-launching the coin at that the current coin was worthless.

Didn't see this until I woke up later to a loss. Not a lot of real money, but a large percentage of the value.

The rest of the day was spent figuring out who was on which team. The scammer was kicked and has now been spotted in other groups playing the same game.

I spent most of day three looking for a few more coins and working with the $COIN_THREE community to recover from the rug pull.

One member in the TG was very vocal, telling everyone what was going to happen. I tried to warn admins something wasn't right, but they wanted to include him in the decision making process. I was the largest holder of the coin at this point and yet he didn't want me to buy saying that he wanted "the team" to control the supply. He either didn't consider me part of the team - who cares - or he didn't realize I was a big holder. I found out the next day it was the latter.

About seven of us had a voice chat to discuss the plan. We decided to hold for 5-6 days, make a plan, verify who the whales were, etc. Decent plan, I guess. I'm new to this.

Meanwhile, I invested in only three more coins.

COIN_ZERO still has some, but not much, value.

COIN_ONE has no value.

COIN_TWO keeps bouncing from zero to a pretty high value.

Of the two new coins from day three, one is worthless and the other is very low value. I also saw a lot of people get scammed in the TG on COIN_FIVE.

Background

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.