Have they played PVP to the limit? Analysis of the trading patterns of the “chain kings”

Once you enter the MeMe coin, it’s like a deep sea. After 48 hours of on-chain PVP, your consciousness gradually becomes blurred, as if you have suddenly fallen from the phenomenal world that follows causal logic into the subconscious realm dominated by uncertainty. Your rationality is crushed by the market, and your self becomes weak, helpless, and confused. You feel terrible.

According to Dune dashboard data, 2zBoK currently launches ~25,000 meme coins per day, and ~400 can be successfully listed to DEX every day, with a launch success rate of ~1.63%. According to my brief experience, only a small percentage of the ~400 MeME coins that were successfully launched can break through the $1M market value barrier. Even if they are lucky enough to break through the $1M market value, the normal life cycle of most MeME coins is only 48 hours.

From the above data, we can see that meme coin transactions are closer to gambling on the spectrum from gambling to investment. However, unlike the dice, game machines, Crash, thousand-fold contracts and other gameplay of the previous generation of on-chain gambling, MeMe coins are more addictive due to the uncertainty of rewards (unpredictable odds).

Moreover, the market value of MeMe coins and the unrealized profits of accounts are actually a modern financial sleight of hand. The static actual extractable value of all holders of a MeMe coin is only equal to 1/2 of the pool value.

I have analyzed the latest 24-hour data of the popular meme token pools - market value, and the pool/market value ratio distribution is as follows:

• Ultra-high ratio (>100%): 5 projects
• High ratio (50-100%): 12 projects
• Medium ratio (20-50%): 28 projects
• Low ratio (<20%): 15 projects

The mainstream pool/market value ratio is between 30% and 60%. That is, the static actual extractable value of all holders of these popular mem coins is only 15% to 30% of their market value.

Of course, unless there is an extreme risk event, it is generally not the case that all holders will run at the same time. Holders can dynamically exit from the active market status after paying the comprehensive transaction costs such as gas fee + priority fee + slippage.

For the above reasons, the trading model of meme coins is very different from other markets. As a newbie who has just entered the meme coin battlefield, instead of spending a lot of time, energy and money to learn and train our own meme coin trading framework, it is better to adopt the "take it as it is" approach and directly borrow the trading framework of the PVP kings on the chain.

I selected 8 chain king addresses from the 7d yield ranking of the gmgn platform based on the two criteria of high yield and high number of transactions. Then I fed their transaction data to an AI Agent I created to analyze the transaction pattern of each address. The following are the analysis results:

Transaction mode of address 2zBoK

1. Trading time characteristics

• Active hours: 24/7 trading
• High-frequency trading characteristics: one transaction every 3-5 minutes
• Position building rhythm: fast and batched positions
• Position closing features: Step-by-step position reduction

2. Operational characteristics

Entry strategy:

• Priority is given to new coins that are launched for the first time
• Focus on high liquidity currencies
• Capturing the bottom of market panic
• Track the trend of hot currencies

Exit strategy:

• 30% profit quick return
• 50% profit halving position
• 100% profit clearing of floating chips
• Reserve 10% for deep callback to cover position

3. Fund management model

• Position control: Main position: 20-30% of total funds
• Speculative positions: 5-10% of total funds
• Margin Funding: 15-20% Reserve
• Emergency liquidity: >30%

Transaction mode of address 52dq6

1. Transaction frequency characteristics

• High-frequency traders: 39.3 trades per day
• Trading time distribution: All-day trading
• Maximum number of consecutive transactions for a single project: 11 (CHAOS)
• Trading interval: 15-20 minutes per transaction on average

2. Target selection strategy

Focus on tokens: CHAOS (multiple large transactions)

• vvaifu (continuous trading)
• BIOCHAD (High Profit Target)
• GRIMES (High Volatility Index)

Trading characteristics: tend to favor large market value tokens

• Focus on high liquidity targets
• Tracking hot currencies
• Prioritize well-known projects

3. Money Management Strategy

• Position control: Standard position: $300-500
• Key Projects: $1000-3000
• Trial position: $100-200
• Follow-up investment position: $500-1000

• Stop loss strategy: Quick stop loss: -15%
• Normal stop loss: -30%
• Maximum Stop Loss: -50%

Transaction pattern of address 4Ye7c

1. Transaction characteristics

• Trading rhythm: Concentrated trading period: 8-22 o'clock
• Maximum number of consecutive transactions for a single product: 8
• Average transaction interval: 15-25 minutes

The transaction frequency is stable and not affected by market fluctuations

Target selection: Focus on: altGz, degenai, SPOOKYKAT, etc.

• Look for opportunities in mid-cap tokens
• Prefer targets with better liquidity
• Avoid very small market cap coins

2. Money Management Strategy

Entry Features

• Initial opening amount: $500-1000
• Conditions for adding positions: Add positions after the price rises by 10%
• Add positions when volume increases
• Increase your position after breaking through a key position

Position building rhythm: Complete the position building in 3-5 times

• The single increase in position shall not exceed 50% of the first position
• The total position is controlled within 30%

Appearance characteristics

• Profit taking: Start reducing positions at 30% profit
• 50% profit halving position
• 100% profit clearing of floating chips

• Stop loss setting: Single stop loss: -15%
• Total position stop loss: -25%
• Floating loss exceeds 30% forced liquidation

The transaction mode of address BieeZ

1. Transaction characteristics analysis

Target selection features:

Focus on tokens:TAY (consecutive large transactions)

• TOKIDOKI (High Liquidity Target)
• ruby (Batch position building target)
• VITARDIO (High Volatility Index)

Transaction frequency characteristics

• Ultra-high frequency traders
• On average, one transaction is made every 6-15 minutes
• A maximum of 5-8 consecutive transactions for a single target

Trading around the clock, no obvious time preference

2. Operation strategy analysis

Entry strategy

• First warehouse characteristic size: $800-1200
• Timing: Breakout or pullback
• Method: Fast batch
• Verification: Volume Matching

• Increase position strategy profit increase: 10% profit level
• Pullback to add position: 5-8% pullback level
• Breakout and add to positions: key resistance level
• Maximum number of positions: 3-4 times

Exit strategy

• Take Profit Setting First Take Profit: 30-50%
• Selling positions in batches: every 20% increase
• Final profit: 150-200%
• Keep position: 10-20%

• Stop loss setting Single stop loss: -8%
• Total position stop loss: -15%
• Floating profit stop loss: retracement exceeds 30%
• Time stop loss: 15 minutes without profit

Transaction pattern of address 2vfEa

1. Transaction Characteristics

Target selection features

• Core currency of interest: DREAM (main trading target)
• WOFAI (secondary transaction target)
• WIFE (Assisted Transaction Target)
• ANTDOG (strategy verification target)

Trading strategy features

• Concentration strategy is highly focused on DREAM tokens
• Deeply involved in a single target
• Long-term tracking and holding
• Build and reduce positions in batches

• Position Management Single Transaction Size: $500-2500
• Maximum holding ratio: 60%
• Increase ratio: 30-50%
• Reduction ratio: 20-30%

2. Operation mode analysis

Entry Features

• Initial position: Moderate size ($500-1000)
• Open positions in batches (3-5 transactions)
• Focus on price structure
• Focus on volume

Adding positions strategy: Adding positions after breakthrough confirmation

• Add positions when the market stabilizes
• Volume and energy to increase positions
• Add to position as trend continues

Appearance characteristics

• Profit-taking strategy: segmented profit-taking
• Keep core positions
• Trailing Take Profit
• Band Operation

Transaction pattern of address 57hdD

1. Transaction Characteristics

Target selection features

• Extreme concentration on ZENO tokens
• Deeply involved in a single target
• Track the core target throughout the process
• Avoid diversification

Trading rules and characteristics

• Position opening characteristics Starting position: $200-500
• Increase the position rhythm: increase once every 20% increase
• Increase ratio: 30-50%
• Maximum single transaction: around $2,000

• Time distribution holding period: 4-5 days
• Trading hours: concentrated in Asian time
• Operation frequency: Observe every 1-2 hours
• Decision-making speed: fast and accurate

2. Strategy Analysis

Entry strategy:

• Price characteristics break through the previous high point
• The volume has been significantly enlarged
• The callback stabilized
• Chips concentrated

Position building method: small position test

• Add position after confirmation
• Build positions in batches
• Dynamic Adjustment

Exit strategy: Set up segmented stop profit

• Rolling Hold
• Reserve seed bin
• Dynamic Adjustment

• Stop loss design: Single stop loss: -10%
• Total position stop loss: -20%
• Floating profit stop loss: -30%
• Time stop loss: No increase in 2 days

Transaction mode of address DVLTL

1. Transaction characteristics analysis

Target selection features

• Transaction currency: WSOL (large transaction)
• CLNKER (High Frequency Operation)
• USDC (liquidity management)
• EVE (Band Operation)

Operation mode characteristics

• Fund management for large orders: $3,000-8,000
• Trial operation: $80-300
• Average holdings: $500-1,500
• Liquidity reserve: >30%

• Time Management Holding Period: 1-3 days
• Trading interval: 4-6 hours
• Observation period: Continuous monitoring
• Decision time: Fast

2. Strategy Analysis

Entry Features

FundamentalsSelect Project Fundamentals

• Liquidity Analysis
• Funding direction
• Market sentiment

Technical analysis to confirm the trend

• Quantity and price coordination
• Support and Resistance
• Market Structure

Money Management Strategies

• Position control Main position: 30-40%
• Swing position: 10-20%
• Trial position: 5-10%
• Reserve: >30%

• Risk Control Single Stop Loss: 15%
• Total position stop loss: 25%
• Floating profit protection: 30%
• Composite risk: 40%

Transaction pattern of address 7sKVa

1. Transaction characteristics

Operating style

• High-frequency, small-amount, frequent transactions
• Small amount of opening position
• Quick Closing
• Dynamic Adjustment

Multi-currency rotation

• MOSHI (main force)
• Maxwell Series
• JUKEBOX
• Roblox

Trading strategy features

• Time Management 24/7 Trading
• On average, one transaction every 13 minutes
• Concentrated trading hours
• Flexible Adjustment

• Fund management single transaction limit: $200-400
• Total position: <30%
• Reserved funds: >50%
• dynamic equilibrium

2. Strategy Analysis

Entry Features

• Technical selection hourly breakthrough
• Quantity and price coordination
• Support pressure
• Trend confirmation

Position building methodTentative position building

• Add positions in batches
• Dynamic Adjustment
• Stop loss in time

Exit strategy

• Set the gradient stop profit
• Band Closing
• Trend Following
• Dynamic Adjustment

• Stop loss control Single stop loss: 10%
• Intraday stop loss: 20%
• Total position stop loss: 30%
• Time Stop: 2 hours

We can see that these MeMe coin chain kings show very diverse transaction modes, each of which has its own unique advantages:

-- High-frequency trading (4Ye7c, 7sKVa):

Advantages: Seize more short-term opportunities

Challenge: Strong execution and system support are required

-- Value investment type (DVLTL, 57hdD):

Advantages: Risks are more controllable and stress is lower

Challenge: Requires strong patience and research ability

-- Balanced (BieeZ, 9X2hv):

Advantages: Better risk-return ratio

Challenge: Requires a balance of multiple capabilities

The above is an analysis of the trading patterns of the emperors on the meme chain, but given the limited sample size and short time period, we cannot yet determine whether their success is due to their luck or their trading patterns.

Finally, some additional data is provided. The correlation between pool size and market value is 0.83, and the average daily trading volume/pool ratio is: 0.73.

There are three characteristics of high-value meme coins: reasonable pool ratio (30-60%), stable trading activity, and healthy coin distribution (top 10 holders hold 10% to 15%).

above.