Analysis of my losing $MOLTBOOK trade
I think it's worth breaking down and sharing losing trades too.
We learn from our mistakes, even the dumb ones I made.
➤ So, here's the $MOLTBOOK CA for you to check out yourself: BsthswihbFBEwDhKfAWieSZ6UiJwGxtykyQPCmhpump
In 3h it pumped from 10k mcap to 466k, that's a solid run-up.
I checked @nansen_ai for supply squeeze and here's what I saw:
LP supply dropped from 550 to 100m tokens
Top 100 holders supply fell from 770m to 465m
That kind of squeeze shows strong buyers stepping in.
Next, no bundled wallets (though they're harder to spot now anyway, and even with them, memecoins can still moon hard).
No Public Figures bought in, which is a red flag for my strategy since they always jump on hype first.
Like how Public Figures stacked 55m $gork before its pump.
➤ My biggest fail? I didn't check that there's a $MOLT token on Base whose pump lines up with $MOLTBOOK's.
I never buy secondary memecoins, the ones leeching off some original token or meme. Those always have capped upside.
And $MOLTBOOK turned out to be exactly that, a secondary play.
➤ Also a quick word on trading psych and strategy.
I take memecoins seriously and I'm building a systematic approach.
When I spotted $MOLTBOOK it was ~400k mcap. I figured there'd be a pullback to buy into, but I jumped in way too early.
That was pure FOMO and chasing to recoup prior losses.
I deviated from strategy and logic for emotions, which always burns your stack in trading.
Also, I'm not hunting 1000x gems. I'm after a system that consistently bags me 3-10x. That's plenty.
If you're into my journey, boost this post and follow along.
Btw, sharing my buys in TG (link in bio)
Good luck!
