How to Spot the Next 100x Meme Coins?

Meme coins offer an easy entry into a dynamic market, where virtually anyone could generate a new project. The first digital asset of this type was Dogecoin (DOGE), an asset that aimed to use crypto technology for fun. DOGE was in fact a full coin, which relied on proof-of-work just like Bitcoin. Later, meme asset used token technology, and relied on other chains like Ethereum or Solana.

The meme coin market ranges from projects with utility and elaborate reward systems, to humorous themes with a nonsensical image. The biggest attraction of meme assets was their ability to grow from nothing into a multi-billion projects, appreciating faster than the rest of the crypto market and taking the spotlight from Bitcoin maximalists.

Market timing and luck meant some early buyers easily achieved 1000X appreciation and soon those opportunities took the crypto world by a storm. Grabbing the next 100X meme coin may also require additional research as the market conditions shift and buyers become more cautious. In this guide, we will cover techniques on how to spot next 100x meme coins and exploit their unique cryptocurrency potential.

Types of meme coins

Meme coins, as their name suggests, are based on the images and visual language of Internet, spawned on forums, message boards, chat apps and social media. The market for meme-based digital assets emerged from a single image, that of Kabosu, the original Shiba Inu dog that drove the success of DOGE. The strong community of DOGE took the crypto market by a storm, even competing with major cryptocurrencies. DOGE was the first meme to reach a market cap above $1B and has remained a top cryptocurrency for years.

The first generation of derivative memes also followed the “doge” model, spawning Shiba Inu (SHIB) and FlokiInu (FLOKI). Soon, several other categories of memes appeared, again riding on the joke of the Shiba Inu breed.

Doge-themed

Still using the Shiba Inu breed, a series of copies appeared, aiming to build communities around a familiar image.

Frogs/Pepes: The original Pepe is a widely known cartoon character, created by artist Mark Furie. Pepe became an Internet icon on the former Twitter social media, after becoming the go-to meme on 4Chan. Pepe-themed assets can be launched independently, but are also closely tied to PolitiFi. The meme also spawned the Original Pepe NFT collection.

Cat-themed

Those images aimed to be cute and harmless, capitalizing on the Internet’s love of cats. Cat-themed launches often focus on communities and compete with doge-themed projects.

PolitiFi: this section of memes is the most contentious, focusing on political wars and themes freshly derived from world events. The main focus of PolitiFi remains US politics and the Presidential election. PolitiFi derives its images from Internet art, often an example of Wojaks, the visual shorthand for political affiliations.

Celebrity

Big and small celebrities from sports, show business or dubious Internet fame have tried to capitalize on the frenzy. Unlike organic memes, celebrity projects are often viewed with suspicion, despite also outperforming in the short term.

Trends: WifHat, wrapped, baby are all modifiers of existing memes. Other similar images have no claims to greatness, except being appealing and cozy. Accessorized assets, especially “WifHat”, tend to draw loyal communities, focusing on holding until the token breaks to a new price level.

Top blockchains for meme activity

Features like the speed, fees and the available liquidity of the chain set the pace for permissionless swapping. The availability of bots and general popularity also shape the possibilities for investors.

Almost all chains and networks can generate decentralized liquidity pairs, but the most active ecosystems only rely on a handful of leading platforms.

Solana

Since 2023, Solana has become the home to the most active decentralized trade. As a cryptocurrency, SOL has had wide adoption and become a source of value for decentralized market pairs. SOL is still among the top cryptocurrencies based on market capitalization.

Driven by bots, but also real users, Solana’s decentralized market got a boost from the most influential projects, including PEPE, BOME, WIF, POPCAT, MEW and others. Those top trading pairs set the stage for similar features, while carrying meme trading into mainstream centralized exchanges. Solana’s ecosystem includes the Raydium decentralized exchange (DEX), where a listing allows a coin to grow and gain buyers.

Ethereum

The original network for tokenization, Ethereum was also the home of Shiba Inu (SHIB), one of the first tokenized memes. Ethereum relies on Uniswap for new token liquidity. Sometimes, there are competing versions, as in the case of Neiro (NEIRO), launched both on Ethereum and Solana. Ethereum carries the ETH cryptocurrency, which has relatively high barriers to entry because of its high price. Gas fees are one of the features of Ethereum that can still discourage retail investors.

Base

The Base blockchain, launched by Coinbase, is a tokenless protocol with a login-based wallet. Due to the lower fees and easier user onboarding, Base has more registered activity than Ethereum. Almost all memes have a Base version, relying either on Uniswap or Aerodrome.

Toncoin

Toncoin is the chain closely tied to Telegram users. Meme creation on Toncoin is a bit more deliberate. Some of the Toncoin assets are only created after building a Telegram community and setting up expectations for an airdrop. Memes on Toncoin also do not copy all the themes from Ethereum and Solana, instead they often track the interests and hype on obscure Telegram communities.

Others

Practically all L1 and L2 chains have attracted meme communities. Dextools lists more than 80 networks, with BNBChain, Polygon and TRON among the most active. Some chains have practically no activity, so using the current dashboard is the best way to estimate whether a chain is active enough and offers sufficient liquidity. Using smaller chains poses the additional challenge of buying obscure and illiquid native coins. Not all L2 small chains lock in enough value to ensure robust decentralized features.

How to find new meme coins

One of the main sources of liquidity pairs that start from nothing and grow into $1B valuations are launchpads like Pump.fun or Moonshot.

New listings start with minimal liquidity and trade erratically, while trying to generate attention, bring in more traders and boost liquidity to become top coins. After reaching sufficient liquidity, the newly listed meme coins can move on to a decentralized exchange like Raydium or Uniswap.

Discovering meme coins on Moonshot

Moonshot does not have its own website, but is available through Dexscreener, offering intuitive access to newly listed, trending or already established coins. Moonshot is a new tool for crypto enthusiasts, listing new pairs before they move onto a cryptocurrency exchange.

The platforms offer a fair launch for brand-new assets and serve to build up both interest and liquidity. Once a predetermined level of liquidity is reached, the pair moves on to Raydium and can start more regular activity with higher volumes.

At the start of picking a new meme coin, users must connect one of the approved wallets. The platforms work even for traders with no available wallet, and will redirect them to MetaMask, Phantom or other compatible wallets.

Moonshot DexScreener will provide an intuitive preview of the newest, as well as the hottest trending meme tokens and top meme coins. Moonshot listings will have an intuitive progress bar to estimate how far they are from achieving enough liquidity to be “finalized” and move on to other DEX.

The progress bar and time since launch will give a clear visual on whether a popular meme coin is on the move, or it has stalled in building up liquidity.

Discovering meme coins with Pump.fun

Pump.fun takes a less formal approach to listing new meme tokens. Since a record number of projects are listing, the launchpad has a very basic interface, with no tools to filter the new tokens. Pump.fun offers a random selection of meme coins, but they can be filtered for relevance based on previous wallet activity.

Listings on Pump.fun also offer access to the profile of creators, to track for serial launches and previously successful investments. Overall, an estimated 99% of meme launches will fail to reach Raydium. Pump.fun recently added live chats to each new launch, to give a glimpse of the community and potential interest as factors for success. Some of the tokens will have market cap badges, or notify potential buyers about livestreams. A live stream will often coincide with a short-term meme coin pump.

Even with highly original memes, Pump.fun launches are often not engineered for mass appeal and fail to grab the attention of social media.

Conditions on Pump.fun may change overnight. Most traders in the crypto community focus on newly launched tokens, which survive for only a few hours in their initial trading. Even a 100X pair in that initial stage can have very low returns and negligible liquidity. The ability to mint for a low cost or for free creates an unlimited amount of new launches, where the main strategy is to “ape” as fast as possible with small initial investments.

Meme coins on Raydium and Uniswap

Once the listed pair achieve escape liquidity, they are listed as new pairs on the respective DEX. Solana meme coins land on Raydium. To access new trading pairs, aggregators like DexScreener or Dextools will give an overview of liquidity, activity and other information on whether the pair has stabilized.

New pairs will often also fail, just minutes after being listed on a DEX. Early-stage meme coins can have the biggest upside, but it is also matched by the high failure rate of nearly 99%. To ensure new meme coins are liquid, DEX trends give a glimpse of top meme coins and have healthy trading pools.

Trending themes give a glimpse of where retail has moved in, and which memes are the most appealing.

Meme coins pre-selected by whales or smart traders

Copying a whale or a high-profile wallet may be a suitable strategy to finding a 100X meme token.

The best way to find currently active whales is through Dextools. Among currently trending communities, the occasional whale transaction will expose wallet addresses with a longer risk-taking history.

Sometimes, whales also appear in the order books of daily losers, the coins that erased most of their value. Whale action may signal the asset is ready to recover and outperform.

Manually checking the activity of whales may be too time-consuming. Tools like Dexchecker will give a preview of “large trades” and their latest activities. Then, move onto the “Wallet Screener” tab, and explore a whale’s activity history.

Some of the addresses which have shown good performance can then be tracked for buying additional meme coins. Whale watching apps can create alerts when the selected wallets are active.

How to snipe meme coins

One way to spot the next 100X meme coins is to look at newly launched pairs on decentralized exchanges.

Dextools offers a filter to access meme coins, including a selection based on the liquidity pair age. Setting up the filter will produce a list of assets and their earnings for a specified date. New pairs may appreciate by thousands of percent within hours.

Setting up filters will bring out the hottest pairs with a relatively small age. High liquidity may be a positive sign that the liquidity pool will be more resilient.

Filtering out the best 100X meme coins will also depend on the prevalence of buyers. Before committing to a meme coin, it is best to check back on its wallet profile and make sure there are no worrying insider holdings or wallet clusters on Bubblemaps.

How to get the next 100X meme coin with a sniping bot

Buying a newly launched coin on Ethereum or Solana may not be straightforward and may depend on gas fee conditions. Transactions on Solana or Ethereum may be more costly than usual, especially for very fast purchases within the next block.

One of the most widely used bots to snipe coins on Solana is BonkBot, a Telegram-based app. BonkBot will put speed first and buy as fast as possible by simply pasting the token address.

BonkBot has a native wallet that needs a SOL deposit to start buying. The main function of BoinkBot is to buy meme coins very quickly, by using Solana services like Jupiter DEX aggregator and the JitoSOL validator.

To achieve its goal of sniping, BonkBot does not pay attention to the required fees or price slippage. For some coins, the buying fees may surpass the potential earnings. BonkBot is considered secure, but it is crucial to be aware of risks and avoid investing money you are not prepared to lose.

Several related Telegram bots can perform even faster than BonkBot but incur unpredictable fees. Transaction speed may also lag behind professional traders with high-speed connection and running RPC nodes for faster access.

BonkBot Telegram channels also perform pre-selection to notice a trend, with the potential to buy very fast without leaving the channel. The projects may seem relatively safe to invest in, but they still hold some risk of a rug pull.

How to do due diligence on new meme coins

Top meme coins can still grow by 100X after reaching decentralized exchanges. Even at that stage, the relatively new trending pairs need additional research to reassure against a rug pull and a crash to zero. Most new additions to Raydium or Uniswap will indeed go to zero, as early investors realize lower profits and lock in gains.

To make sure a coin pair has locked liquidity and will not go through a rug pull, click on its name on Dextools, then check the side bar for additional data. Projects with locked liquidity will have an icon, displaying the available pools and whether any locks are in place.

Before committing to a token, also check for duplicates, copycats or scams. The Rugcheck tool on Solana will check for duplicate tickers. TokenSniffer will also monitor the blockchain for known scams or honeypots.

Community engagement will also give a glimpse of a growing project. The communities of early meme coins like PEPE, BOME, SLERF, WIF and even SHIB and FLOKI show high-level activity and engagement. Online communities also warn of possible scams and set the terms of engagement to avoid malicious links in comments or in messages.

Social media content arrives at a later stage and will point to the potential development of a token. Some assets work as “degen” meme coins, where buying the dips or “aping” is the most common strategy. Others, like PEPE and WIF, focus on long-term holding, while waiting for adoption and 100X rallies.

Once a trading pair has established liquidity, it is still necessary to see if trading would be fair. Bubblemaps can check smart contracts and visualize the presence of large wallets.

The most important element to look for on Bubblemaps is “wallet clusters,” which are connected wallets that trade or move meme coins between them. A wallet cluster is easy to spot when visualized. Clusters are usually the work of insiders, who use them to fake token traffic and trading.

Even coins with some investment history may develop clusters after insiders buy back at low prices or move in to create fake volumes.

Bubblemaps works by inputting the name of the chosen asset or its address and then looking over the visualization to check for connected wallets. For example, a wallet cluster will display constant transactions between wallets based on blockchain data.

How to find 100X meme coins with established liquidity

Identifying and sniping an early-stage project may be risky and incur additional costs. But even more established meme coins can deliver 100X growth. Other meme coins with top volume can indicate a more promising investment while avoiding stagnation. Tools like Dexcheck will show which older pairs are trending and which ones are stagnating.

Another tool to discover investments is Dexcheck, which also built a section to explore whale holdings and the success of high-frequency trading wallets.

At this stage, the project’s social media footprint gains importance. An explosive growth in followers or posting, as well as announcements, can show if a meme coin is here to stay.

Established meme coins also show a rollover of traders. Buying the dip in digital assets can lead to significant appreciation, though the 100X growth stage may not be possible.

One fast way to discover the next 100X meme coin is to ask a chatbot. The Tokenmetrics AI tool is still experimental but can aggregate suggestions on potential winners.

Meme coins rely on their X (formerly Twitter) communities, but some are also growing their influence on Telegram. A growing community of channels may indicate enough holders to avoid a rug pull, at least in the short term.

How to swap memes securely

Meme coins are inherently risky, but there may be additional ways to lose SOL or ETH. Telegram sniping bots are risky, due to the usage of their groups. Scams through DM attempt to steal private keys and can also drain wallets. Some bots may also be inherently risky, or at least unpredictably expensive to use.

Always perform your own research, as there are risks involved at all stages of investing.