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Solana Memecoins

I’ve been watching dextools, dexscreener, telegram groups, photon, raydium etc. all I see are rug pulls. I only see memecoins rising 100% in a few seconds before anyone can touch them then dropping 96% after a few minutes. All rug pulls. I haven’t seen any coins making it 30x or 100x before rug pulling. Is this memecoin frenzy overhyped? I’ve been trading and been able to make 2-5% on trades that’s it. I monitored some discord chats, some signal groups, everything. I saw a pump alerted to a big room of paid members. It started blasting up, I bought, then a few seconds later it dropped 99%. I see coins trading sideways in a 1-2% range for hours/days. I don’t see these huge opportunities I keep hearing about. Am I missing something?

submitted by /u/Vlesum
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