From Big Corporations to Encryption: A Crypto Degen's Journey in Meme Coin Investment

After resigning from an internet giant, Justin devoted himself entirely to the encryption field. As an entrepreneur and encryption enthusiast, he successfully bet on popular projects like PEPE, Degen, and TRUMP, accumulating substantial profits while gaining valuable experience amid market fluctuations.

In this exclusive interview, Justin shared his journey from traditional internet to the encryption world, delving into the investment strategies, market conditions, and future trends of Meme coins. Whether you are a newcomer to Meme coins or a seasoned player, you can gain inspiration from it.

From the Internet to Encryption: Jumping into the "Rabbit Hole"

Justin decided to focus on the encryption field long-term before joining the internet company, but he felt he needed to accumulate more technical and team collaboration experience. At that time, the company had an encryption team, which included some veterans and core developers of well-known projects. However, with the arrival of the bear market, the company cut all blockchain-related operations.

During his time in office, Justin worked while investing most of his income into encryption currencies, and in his spare time, he researched various DeFi, NFT, SocialFi, and Meme projects. In 2023, he helped organize a large blockchain and AI-themed conference with thousands of attendees, gaining valuable experience for future entrepreneurship.

For Justin's decision to fully commit to the encryption field, his family was initially a bit hesitant, but ultimately expressed their support. He shared his optimism about the long-term development of the encryption industry with his family, and even helped his father purchase some bitcoins.

In terms of investing in Meme coins, Justin admits that overall it is profitable, but the number of projects with losses exceeds those with profits. His core strategy is to heavily invest in promising Meme coins, such as Pepe in 2023 and Degen in 2024. This strategy ensures that even if most projects go to zero, a few successful cases are enough to achieve overall profitability.

Analysis of the Current Situation of the Meme Coin Market

Recently, the founder of a well-known exchange posted dog pictures, sparking a wave of Meme coin frenzy. Justin believes that this action is very successful in terms of marketing and has indeed enhanced the platform's ecosystem's popularity. However, the problem lies in the lack of clear guidance, which has led to a large number of homogenized projects in the market, causing many investors to incur losses and potentially damaging user trust.

Regarding the prospects of the Meme coin ecosystem on the platform, Justin stated that opportunities still exist, but time is needed for development. Currently, the infrastructure of this ecosystem is not sufficient to meet the trading needs of Meme coins, as aspects such as trading speed and stability still need improvement. He suggested that the platform needs to find its own breakthrough rather than simply replicating the successful experiences of other public chains. The application of artificial intelligence could be a potential direction, especially in developing AI versions of popular tools similar to those on other chains.

Regarding the controversy surrounding a certain country's president's involvement in Meme coins, Justin analyzed that the president may have noticed the popularity of other celebrity coins and wanted to take the opportunity to boost economic development. However, due to a lack of in-depth understanding of the encryption market, the project collapsed, triggering a public outcry. This incident also caused significant losses for many investors, with some even losing millions of dollars.

Justin pointed out that the encryption market is like a big casino, where every piece of information can influence decisions. The key is whether one can anticipate and respond to new information, such as whether to cut losses or increase positions when negative news arises. He emphasized that traders should not develop a "loss aversion" mentality due to losses, but should calmly analyze and take responsibility for each of their decisions.

How Ordinary Users Can Participate in Meme Coin Investment

For ordinary investors, Justin recommends evaluating Meme coin projects from the following aspects:

1. Narrative: Consider whether the project can reach a wide audience and resonate.

2. Chip structure: Analyze the Top 100 addresses to identify possible dealer behavior. Pay attention to the ratio of trading volume to market value; maintaining above 1 in the long term usually indicates strong dealer strength.

3. Profit and Loss Ratio: Based on the assessment of the project's potential, set target price levels, evaluate investment value and appropriate position sizes.

4. Social media influence: Analyze the project's attention on social media and potential dissemination pathways.

Justin emphasized that investing in Meme coins requires the integration of multifaceted information and the ability to make quick decisions. He suggested that investors set flexible profit-taking and stop-loss strategies, adjusting in real-time according to market sentiment.

Finally, Justin gave three survival tips:

1. Learn to judge the sentiment, virality, and longevity of topics.
2. Have the courage to heavily invest in promising projects and avoid over-diversifying investments.
3. Treat each loss as a learning opportunity and continuously optimize your investment strategy.

Future Prospects of Meme Coin

Justin believes that Meme coins will continue to play an important role in the encryption market. He predicts that in the future, we may see crazier plays than existing platforms, with a closer integration of social media, news, and memes. Memes may evolve into a new type of consensus carrier, allowing people to engage in hot topics in a more intuitive way.

Looking ahead to 2025, Justin expects the Meme market to remain hot. He believes that Meme has become a new way to express culture and trends. Investors need to stay sensitive to multiple fields such as technology, culture, trends, and politics in order to seize opportunities at the right time.

Regarding whether the Meme ecosystem can become a long-term value asset, Justin pointed out that it depends on the long-term dissemination or cyclical dissemination ability of the information carried by the Meme. Projects like Doge have long-term attributes due to their ongoing discussion value, while most Memes are more like short-term trends and lack the potential for a resurgence.

Overall, Justin believes that the Meme ecosystem will continue to evolve, but only a very small number of projects will truly become long-term value assets. Investors need to stay vigilant and adapt to market changes at any time.