How To Trade Meme Coins on Solana
Here's the beginner-level guide to meme coin trading on Solana, where we’ll improve your understanding of on-chain trading, walk you through the steps required to trade meme coins, and explore popular beginner strategies.
Let’s get started!
How To Find Coins
Caution advised - Due Diligence
Before getting into the weird and wonderful world of meme coin trading, you must take some necessary steps to protect yourself and trade safely.
Experienced meme-coiners check and analyze tokens before they ape in (start), but what are they looking for exactly?
These three primary pieces of information are a great starting point to check when finding coins:
LP Burnt
When the liquidity pool (LP) is burnt, it means the developer can’t withdraw the funds. This protects your investment. You can use Birdeye or RugCheck to see if the liquidity pool has been burnt or not.
Mint Authority Disabled
If mint authority is enabled, the creator can mint infinite tokens and dilute the value, so it’s crucial to use a service like RugCheck to ensure it is disabled, as to protect your meme coin investment.
Freeze Authority Disabled
If a token developer or creator can freeze your tokens at will, it’s bad news for you. Make sure freeze authority is disabled (again, RugCheck will help) before making any meme coin trades.
Once you’ve found a token that meets these criteria, you should also check their social media presence and also analyze the token’s performance.
Gut instinct can only take you so far, so it pays to be detail-oriented and data-driven when investing.
Check our docs for more information and guidance about due diligence, to make sure you're choosing stable(ish) coins.
Where To Find Meme Coins?
The best place to start is by looking at popular crypto charting websites, such as Birdeye or DEX Screener, or now you can use our own trading terminal, Telemetry.
You want to be examining coin performance, such as trading volume, number of traders, and price movement, to help you make informed decisions.
Many meme coin traders are looking for tokens that are early in their lifecycle and present the biggest opportunity, which are often known as “gems”.
Birdeye provides a “find gems” page, which allows you to filter through even more data related to coins they believe are trending.
Beyond charting sites, the next best place to find meme coin gems is through social media, in particular, Telegram, Twitter, and Discord.
It might take a while and some research to find the right communities, but once you’re in them, they can be a gold mine for token recommendations.
Warning, these places are ripe for scammers looking to pump and dump their tokens (refer back to due diligence).
How To Trade Meme Coins On Solana
Here are three crypto trading strategies that balance research and risk, giving you a good chance of success while avoiding common meme coin mistakes.
Strategy One: Meta
The Meta strategy is a way of finding which tokens have the best chance of attracting liquidity, which helps you to filter out poor quality tokens with low potential.
This strategy asks four questions:
What theme does the meme coin fall into? Dogs, Cats, AI, PollFi etc
Where is the liquidity concentrated? Solana, Ethereum, Base, etc
Which influencers are talking about this meme coin? Elon Musk, Martini Guy etc
What IRL events are connected to this meme coin? US Election, War etc
When applying the meta strategy, you must look for the meta leaders and where attention is most concentrated at that time.
If a meme coin answers the questions above well, it might be good to get involved in, however, there are no guarantees. This strategy essentially allows you to invest in the latest trend and follow the liquidity.
Strategy Two: Three Tab Trader
This Solana meme coin trading strategy requires you to open three tabs:
Your favorite Solana meme coin trading platform like Telemetry
DEX Screener
RugCheck
Look for:
30‑minute spikes in price or volume
High locked liquidity
Clean safety status (burned LP, disabled mint/freeze)
Balanced 30‑min/1‑hour candles (not overly pumped)
Red flags include:
LP not burnt
Mint authority enabled
Freeze authority enabled
Low number of makers
A recent price dip of 90% or more (they rarely recover)
Once all criteria are met, buy your chosen coin and plan to exit (sell) within 10–20 minutes of entry to capture momentum before buyers saturate. Once you’ve bought it, don’t take your eye off the charts. As soon as the price is up, lock in your profits and sell.
Strategy Three: Free Riding
Crypto trading strategies won’t work every time, but when they do work, they feel great. This particular strategy is great for quickly negating your risk.
Put simply, you wait until the meme coin you’ve purchased has increased in value, let’s say 60-100%, and then you sell your original investment.
At this point, you have no capital in the game to lose, and everything you hold in that meme coin is pure profit, which means you are “free riding”. Keep following the coin to sell it at a position you’re happy with.
The flip side of free riding is knowing when to cut your losses. You won’t be able to free ride every investment, as some purchases will dip after you buy them.
You’ll need to do your own analysis on the coin’s signs of weakness to decide whether you think the token will recover or whether you need to sell and move on.
Some extra tips for how to trade meme coins using this strategy:
Avoid purchasing during big green candles
Trade without emotion
Learn from each trade
Use tools and bots to help you
Time your trades for high liquidity (Asia morning, Europe evening, US trading hours)
Continually improve your technical analysis skills
Check Rugpull, Dex Screener, and social media for more information
Use different chart filters to extrapolate information
Stay logical and don’t buy into meme coin hype
Strategy 4: Institutional Order‑Flow Edge
Professional traders like hedge funder Joe McCann limit meme‑coin exposure to just 2–5% of capital, focusing on billion‑dollar+ meme coins only after they’ve proven liquidity (>90 days market cap).
He uses order-flow and tape reading tools to detect institutional accumulation or distribution.
Even as a small retail trader, you can mimic this by:
Capping position sizes
Only trading tokens with stable volume
Watching for large wallet fresh inflows or sell‑offs
Common Mistakes to Avoid in Meme Coin Trading
Here are some tips from meme coin veterans about what NOT to do:
Don’t FOMO
Don’t buy low and sell high
Don’t buy when everyone is paying attention or being euphoric
Don’t overlook technical analysis and just “ape in”
Don’t forget to DCA out of big positions to avoid slippage
Don’t think that this will be easy - the best traders are plugged in to socials and alert to opportunities 24/7, treating this as a full-time profession
Don’t trust all influencers - they are paid to create meme coin hype
Don’t overlook Telegram - this is where the best tips, interactions, and bots are
After reading this guide, we think you might be ready, but before you make that final step into this volatile industry, do some more research to give yourself the best possible chance of success.
Educational Resources
Once you’ve read about how to trade meme coins on Solana, here are some logical next steps:
Go to YouTube and watch some long-form videos about Solana meme coin trading
Research the most reliable meme coin influencers and follow them on Twitter/X
Join some recommended Telegram groups
Research different Telegram trading bots and how they can help you
Use Reddit to ask for advice, read anecdotes from other traders, or learn how others do their technical analysis or apply their crypto trading strategies.
Common FAQs About Trading Meme Coins On Solana
Q: Why Solana over Ethereum for meme coins?
A: Solana offers sub-0.01 USD fees, ±2 sec finality, and easy token launches, making frequent flips economically viable .
Q: How much should I risk per trade?
A: Limit to $5–$20 per trade at first, and never exceed 5–10% of portfolio in total meme positions.
Q: How to manage trades efficiently?
A: Use the Three‑Tab approach, maintain stop-loss orders, profit tiers, and keep a trade log.
Q: Are influencers reliable?
A: Only vet influencers with longstanding credibility; many are compensated or part of pump schemes. Trust data over hype.
Q: What tools are critical in 2025?
A: Phantom wallet, RugCheck, DexScreener, SolanaFM, Arkham Intelligence, Pump.fun launch feed, and order flow trackers. Some traders use Telegram bots for alerts and automation.
Good luck to you and be sure to try out Telemetry, the Solana-based trading terminal brought you by the team of BONKbot.