The recent market has indeed been lively—BONK up 20% in 24 hours, PEPE surging 67%, WIF climbing 41%. Social media is full of screenshots, and 90% of private messages are asking if it's possible to chase.

Let me be straightforward: small bets are understandable, but if you want to go all-in, you're basically just giving the market your money willingly.

I started trading cryptocurrencies in 2017. Back then, I saw a certain altcoin double in three days, and I didn’t hesitate to put all 8,000 yuan into it. What happened? Regulatory news came out, and within a week, I lost 75%, leaving only about 2,000 yuan. During that time, I had to budget every meal carefully, even skipping adding sausage to instant noodles.

Since then, I’ve understood a key principle: popular Meme coins are emotion amplifiers. What you see are others’ 20% profit screenshots, but you don’t see the stories of those who got liquidated chasing higher on the same day.

**Three key points for beginners playing Meme coins:**

First, let’s talk about BONK in the SOL ecosystem. The trading volume has indeed exploded in 24 hours, but technically, the RSI is approaching 70, which is a sign of overbought. To put it simply, RSI over 70 is like running to your limit—you’ll need to rest eventually.

How to operate? If you already hold some chips, start reducing your position in batches once you gain more than 20% profit, keeping 30% as a core holding to handle fluctuations. Take profits as if you’re grabbing a bargain—this keeps your mindset stable. If you haven’t entered yet, be patient and wait. Don’t chase high—wait for a more reasonable correction before entering.

Second detail: trading volume and price must confirm each other. Looking only at the percentage increase can be misleading, but if volume doesn’t match the price movement, it’s often the main force offloading. Beginners must develop the habit of watching the charts carefully and not just focus on the percentage change.

Third suggestion: set a stop-loss line. No matter how much you’re making, if the price falls below your psychological bottom line, exit decisively. Many people lose because they keep saying, "I want to get back to break-even," but the more they hold, the deeper they get trapped.

The rules of Meme coin trading are like this—everyone knows it’s risky, but some still think they can make quick money. In reality, the risk is always greater than the reward. Surviving as a beginner and protecting your principal is a hundred times more important than chasing huge profits.

No matter how volatile the market, remember one thing: no buying or selling means no loss. Sometimes, choosing to watch from the sidelines is the best move.