Turn $50 into $1,000,000 by multiplying a hundred times? On-chain Degen players achieved this by using wallet tracking methods.

This trader started entering the market in February 2024. The early coin selection logic was straightforward: if the meme was interesting enough, the promotional copy was attractive, and the official website looked professional, then buy. The main sources of information were the X community and Telegram discussion groups.

But reality was harsh—most of the time, it was just catching the bag. It wasn't until he changed his strategy and began tracking on-chain wallet data to identify genuine opportunities that he turned the situation around. This case illustrates a truth: behind the high returns of Meme coins, the quality of information and decision-making methods are the true dividing line. Blindly following trends and data-driven investment approaches often lead to vastly different outcomes.