I’ve always been skeptical about trading. “It’s just gambling with extra steps,” I used to say. Every story about someone getting rich felt like a highlight reel that skipped all the losses. Then a casual family dinner changed everything.
My 15-year-old cousin mentioned he was making $7,000 to $10,000 a month trading meme coins. I laughed—until he showed me. His portfolio, his transaction history, six straight months of consistent profit. It was all real. I couldn’t ignore it anymore.
I decided to try it for myself. I started with a small amount of money I was okay losing. A few weeks later, I was making around $1000 extra each month. That’s $12,000 a year, trading for no more than 2 hours a day. After that, I go on with my regular life. Work, errands, gym, whatever. This fits around it all.
Here’s what that looks like in simple terms:
• $1,000 per month means $12,000 per year
• Maximum of 2 hours per day
• Around $50 to $80 per hour in value
• You can start with as little as $20
This isn’t a dream or a viral TikTok promise of turning $100 into a $100K. The real wins come from small but consistent gains. Most successful traders I’ve met in the space aim for 20% to 50% profits on each trade, then reinvest and repeat. A few good decisions each week can build real momentum.
Now I’ll be honest—meme coin trading can seem confusing at first. There’s strange terminology, charts that look like rocket science, and way too much hype. That’s exactly why I created this guide.
I’m going to break everything down with clear language, simple steps, and plenty of real examples. I’ll even include screenshots and visuals to walk you through it. By the time you finish, you’ll know exactly how to work toward your first $1,000 month—and how to keep going from there.
Let’s get started.
What Is A Meme Coin in 2025?
First of all what exactly are meme coins? Simply put, they’re cryptocurrencies inspired by internet jokes, memes, or popular culture. They typically have fun names, cute mascots, and massive supply counts that make each token super cheap to buy.
Unlike “serious” cryptocurrencies that claim to solve real-world problems, meme coins are honest about what they are – they exist for community, fun, and speculation. And honestly, that straightforward approach is refreshing in a world where every crypto project claims to be “revolutionizing” something.
In 2025, meme coins are bigger than ever. After Dogecoin and Shiba Inu paved the way, we’ve seen countless others rise to prominence. Remember when Chillguy exploded in 2024? Or when Trump coin went viral in early 2025?
If you haven’t heard of these coins, you should know they’ve created overnight fortunes. Early Chillguy investors turned $1,000 into $140,000 in just weeks. Several Trump coin holders became millionaires after its 8,000% surge post-election. These explosive gains have everyday people quitting jobs and changing lives, all from catching the right meme coin at the right time.
Why do these coins keep working? Simple – they’re fun, accessible, and tap into internet culture. When a coin goes viral, FOMO (fear of missing out) kicks in, driving more buyers to jump in. It’s psychology 101, and it creates genuine opportunities for traders who can spot trends early.
The key difference today versus a few years ago is that the meme coin ecosystem has matured. There are better tools for finding legitimate projects, more safety mechanisms, and clearer patterns of what works. That means less guesswork and more strategy.
Before We Talk About What to Buy or Avoid… Let’s Get You Set Up
Before I show you how to find legit meme coins (and dodge scams), we need to cover the basics. These are the tools you need to start trading. Don’t worry, this takes about five minutes total. Once you’re set up, you’re good to go.
Let’s get your trading toolkit ready.
1. Download the Phantom Wallet
This is where you’ll store your crypto. Phantom is like your personal bank for Solana (Solana is a high-speed blockchain designed for rapid transactions and low fees. We’re using it because it’s perfect for trading) based coins, and only you control it.
Why Phantom?
- It’s made for the Solana network, which is fast and cheap to use
- You can install it as a browser extension or mobile app
- It supports all the meme coins you’ll be trading
How to set it up:
- Go to https://phantom.app
- Download the app or browser extension
- Click “Create New Wallet”
- Save your secret recovery phrase (12 random words)
- Write it down on paper.
- Keep it offline.
- Never share it. If you lose this phrase, no one can help you recover your wallet.
This is the most important step. That phrase is the only way to access your wallet if you ever get logged out or switch devices.
2. Add SOL to Your Wallet
Once your wallet is set up, you’ll need some SOL (Solana) to start trading.
You can buy SOL directly inside the Phantom app using a debit card, Apple Pay, or other local options. It’s fast and easy. After that I’d recommend Stripe, Binance or Coinbase Pay.
Now, let me explain something real quick.
People in crypto often say things like:
“I bought 10 SOL” or “I made 0.5 SOL on that trade”
They’re talking about SOL as a unit, just like dollars or euros.
So instead of saying “I made $140,” someone might say “I made 1 SOL,” depending on the current price.
As of now, 1 SOL = around $140, but that price changes all the time.
You don’t need to buy a full SOL either. You can start with $20 worth, and it will just show up as a decimal (like 0.14 SOL) in your wallet.
3. Connect to Axiom – Your Meme Coin Trading Hub
Now that your wallet is ready and funded with SOL, it’s time to head to the platform where all the real action happens.
That platform is Axiom—and it’s where you’ll be doing all your meme coin trading.
Why Axiom? Because it’s built for exactly what we’re doing: fast, fun, low-fee meme coin trades on the Solana network. But it’s not just about buying and selling. Axiom actually rewards you every time you trade.
Here’s what makes Axiom awesome:
- Simple, clean interface
No clutter. No confusion. Even if you’re brand new, you’ll feel at home in minutes. - Built-in scam protection
It shows you if a coin’s liquidity is locked, if the contract is verified, and if it passes basic safety checks. This helps you avoid common traps. - Earn back rewards on every trade
A small portion of every trade you make earns you rewards automatically. These build up in your account, and you can claim them anytime. Think of it like cashback—but for crypto trading. - Extra bonus with my referral code
When you use my referral code, you get 10% off all your trading fees. That means more profits stay in your pocket.
How to get started:
- Go to app.axiom.trade
- Click Connect Wallet and choose Phantom
- You’re in—start browsing trending tokens and trading right away
That’s it. You’re fully set up. Total time? Just 5 minutes.
You now have:
- A secure Phantom wallet
- SOL ready to trade
- Access to the most trusted meme coin platform on Solana
- Rewards coming back to you with every trade
- A 10% fee discount from using my code
In the next section, I’ll show you how to find good meme coins, avoid scams, and make your first smart trade—even if you’ve never done this before.
Let’s keep going.
How I Find Good Meme Coins (Without Spending Hours on Twitter or Discord)
Let’s be real, most people don’t have the time (or energy) to hang out in 10 different Telegram groups, follow 50 crypto influencers, and deep-dive every whitepaper just to find one decent meme coin. I definitely don’t.
Some people swear by deep research, Discord calls, and chasing rumors on Twitter—and hey, that can work. My cousin is one of those people. He’s in all the groups, tracking hype coins hours before they launch, and it works for him.
But my strategy is different.
I Keep It Simple: Let the Data Come to Me
Instead of chasing noise, I sit on the Trending & Discover section inside Axiom. That’s it. Axiom does the scanning for me.
Here’s how I use it:
- I set filters to show coins with solid volume, newer launches, and active charts
- I look for tokens that are gaining momentum but still early—like under 1,000 holders
- I check Axiom’s built-in safety icons:
Is the liquidity locked?
Is the contract renounced or verified?
Are there early signs of it going viral (YouTube, Twitter, etc.)?
Yes, Axiom even shows you if a coin is trending on Twitter or has YouTube videos made about it—right there in the dashboard. No need to scroll Twitter for hours. It’s like a cheat code.
If I see a coin that’s building volume fast, has liquidity locked, and looks clean, I take a small entry and monitor it.
That’s it.
I’m not aiming for the next 1,000x moonshot. I’m aiming for clean, consistent wins—20%, 40%, maybe even 100%—and compounding those over time.
Do You Need to Be in Crypto Communities?
Nope.
If you’re trying to make this your full-time job and catch coins at absolute zero, then yeah, being active in Discord and Twitter groups can help. My cousin loves it, and he finds some amazing gems early that way.
But if you’re like me, just trying to make an extra $1,000 a month on the side without letting this take over your life, you don’t need to go that deep.
You can do this in 1–2 hours a day using just Axiom, with no extra apps, no FOMO group chats, and no random influencer spam.
What’s Next?
In the next section, I’ll show you exactly what I look for before buying any meme coin.
I’ll break it down with real screenshots, examples, and a simple checklist so you can spot solid plays and avoid scams —even if you’re brand new.
Let’s keep going.
Step-by-Step: Where I Actually Find Meme Coins Worth Buying
Before I show you exactly how I pick which coins to buy, let’s go over where I look inside Axiom. You’ll notice there are a few tabs: Pulse, Discover, and Trending. Each one shows live activity on new and rising meme coins.
But here’s the truth:
Most of the coins listed in the Pulse section are scams.
Let me break it down so you don’t waste your time or your money.
Pulse Section: High Risk, High Noise
The Pulse tab is split into 3 categories:
- New Pairs
These are coins that literally just launched usually within the last few minutes. While it might sound exciting, 90%+ of these are scams. Honeypots, fake contracts, rug pulls (a scam where project developers withdraw all funds from a project and abandon it) —you name it. I never trade these. - Final Stretch
These are coins that had a bit of volume early and are starting to slow down. They’re more established than brand-new launches, but still a minefield. You might find something decent here, but again, many are just slow rugs or hype tokens fading out. - Migrated
This section shows older coins that are suddenly picking up momentum again. These can actually be good entries if the token checks out. But even here, scammers are finding ways to make fake tokens look real—so you still have to be careful.
Bottom line:
The Pulse section is mostly for advanced users who want to buy the asset where it’s cheaper and instantly sell it where it’s more expensive, profiting from the price gap super early (and are okay with getting burned often). Personally, I don’t use it. The risk is too high for the kind of consistent, clean profits I’m looking for.
Trending: This Is Where I Spend My Time
Instead, I live in the Trending section.
With my filters (going to show you in a sec) this is where you’ll find coins that are gaining holders, building volume, and have survived the first risky hours after launch. In short: they’ve had time to prove they’re not instant rugs.
Axiom makes this super easy by showing:
- Live volume changes
- Holder count
- Top wallet concentration
- Liquidity status
- Even social traction like YouTube videos and tweets
Now, here are the filters I use to filter out the scams:
What I Look for Before Buying a Coin
Once I find a token with decent volume and upward momentum, I click into the Token Info section to inspect the stats.
Here’s what I want to see:
1.Holder count going up
If the number of holders is increasing steadily, that means real people are buying—not just bots.
2. Last 5-minute volume increasing
This tells you that fresh money is still flowing in. If volume is dead, avoid it.
3. Top 10 wallets holding less than 20%
This prevents whales from dumping on you. A healthy spread of holders is a good sign.
4. Green across the board in Token Info
most importantly on LP burned.
LP Burned – Why It’s a Big Deal
LP stands for Liquidity Pool. This is the pool of tokens and SOL that makes trading possible. If the liquidity isn’t locked or burned, the developer can pull it all out, and the coin becomes worthless in seconds.
When a token’s LP is burned, it means it’s been permanently sent to a dead address. Nobody, not even the devs, can ever touch it. This is one of the strongest signs the project is not a scam.
I never buy a coin unless the LP is burned or time-locked for a long period.
How to Avoid Scams?
The meme coin space is full of scams. For every legitimate project that makes people money, there are dozens designed to steal your funds. The good news? Most scams follow predictable patterns that are easy to spot once you know what to look for.
Here are the non-negotiable safety checks I run before buying any meme coin:
1. Token Info Section is Red – It’s a Scam, Avoid It!
If the Token Info section is red, it’s a clear red flag. In this example, you can see that there are many insider wallets (or “bundlers”) holding large portions of the coin, and the LP hasn’t been burned. Remember: red means bad, green means good! If you see a lot of red, skip it.
2. Scammy Charts – Watch Out for These!
A chart like this is a clear indication of a pump-and-dump or rug pull. Notice how it’s just a straight line or an unnatural spike—those are classic signs of manipulation or bots. Real coins will show more natural up-and-down movements, not something that looks like a straight line or steep drop.
3. How a Normal Chart Should Look
A healthy chart will show gradual up-and-down movement, indicating real interest and organic trading. Look for volatility in the price; if it’s too smooth or erratic, it’s usually a bad sign.
Now That You Know How to Pick a Good Coin and Avoid Scams…
It’s time to talk strategy—the crucial piece that turns your trading into a consistent source of profits. Knowing how to spot a solid coin and steer clear of scams is great, but without a well-thought-out strategy, you won’t last long in this market.
Most of you are starting with a small portfolio, and that’s completely fine. In fact, it’s actually easier to get started with a small account, because you can take calculated risks and grow steadily over time. The key is to focus on risk management and position sizing.
Let’s break down the strategy I use and show you how you can apply it to make consistent, steady gains—even with a small account.
The Small Account Strategy: How to Trade with Less
Position sizing is everything when you’re starting small. If you have something like 0.2 SOL or less, your risk is higher, but with the right strategy, you can still make gains while protecting yourself from big losses.
Here’s a simple example: I started with a small portfolio and bought at the perfect moment—when volume and holders were increasing. By selling near the top, I made a 60% return. Even with a small investment, that’s solid profit. But imagine if I’d put in $200 instead that would have turned into $320, a clean $120 profit from just one trade.
Position Sizing is Everything
Position sizing means deciding how much of your account to risk on each trade. If you have a small account, you don’t want to go all-in on one coin. Here’s how I approach it:
- Small account (under 0.5 SOL): Don’t risk more than 50% of your total portfolio on any single trade.
- Mid-sized account (1 SOL or more): Stick to 10% per trade—this helps spread your risk and keeps you in the game longer.
If you’re starting small, the goal isn’t to make huge gains on one trade; it’s to stay consistent, build your account, and avoid big losses.
Risk Management: Protect Yourself
Even in a volatile market, risk management is key to keeping your portfolio intact.
Here’s how I set things up:
- Stop Loss: Set your stop loss at -20% from your entry price. That means if the price drops 20% below your entry, the trade will automatically close to prevent further losses. If things look like they’re improving, you can tighten it to -15%.
- Keep Fees Low: The fees on Axiom are really low, and that’s perfect for this strategy. Use 0.0001 SOL for buy/sell transactions, and 0.0001 SOL for bribes (just a small extra fee to get your transaction processed faster). You don’t need to pay high fees since we’re not in and out of trades constantly.
- Set Slippage to 30-40%: This ensures your trades go through even if prices fluctuate a bit when you’re buying or selling. The coins we’re targeting typically won’t move that drastically right when you place a buy order, so this is a safe setting to use.
Using Indicators to Get a Better Entry
Now let’s talk about RSI (Relative Strength Index), one of my favorite indicators for determining good entry points.
- RSI Explained in 2 Sentences: RSI is a momentum indicator that shows whether a coin is overbought or oversold. When the RSI is above 70, the coin might be overbought (a good time to sell). When it’s below 30, the coin could be oversold (a good time to buy).
I look for coins that have RSI under 30 when I’m buying, because it shows the coin is undervalued and could have room to rise.
What About Larger Accounts?
If your account grows, you’ll want to scale up cautiously. Even with a larger portfolio, position sizing remains important to limit risk. For bigger portfolios (5 SOL and up), I recommend still sticking to no more than 10% per trade, especially if you’re trading meme coins, which are highly volatile.
Remember, the goal is still to make steady, consistent profits, not gamble on one big win.
In Short: The Strategy
- Pick a good coin using the filters.
- Use RSI to find the right entry (aim for RSI under 30).
- Position sizing: Stick to 10-50% of your total portfolio per trade depending on your account size.
- Risk management: Set stop losses at -20% (move to -15% if things improve) and keep fees low.
- Slippage: Set slippage to 30%-40% to avoid missed trades.
With this approach, you can start small, build your portfolio over time, and scale up safely as you gain more experience. The key is to stay consistent, manage risk, and not let FOMO or hype cloud your judgment.
Common Mistakes to Avoid
Let’s talk about the mistakes I see over and over that kill people’s returns:
1. FOMO Buying – Buying a coin just because it’s up 200% and everyone’s talking about it. By then, you’re probably buying someone else’s profits.
2. Emotional Selling – Panic-selling at the first sign of a dip, only to watch the coin recover and pump higher without you.
3. Over-concentrating – Putting too much of your funds into a single coin, no matter how promising it looks.
4. Ignoring Market Conditions – Trying to trade meme coins during a broader crypto market crash is fighting the tide.
5. Laziness on Research – Buying based solely on a tweet or Telegram call without doing any verification yourself.
6. Moving Too Slowly – Spending days researching a coin before deciding, by which time the opportunity has passed.
7. Never Taking Profits – Watching a coin go up 300%, then all the way back down without ever selling.
The most successful traders I know have strict rules they never break. They might miss some opportunities because of these rules, but they also avoid disasters.
Conclusion and Next Steps
Trading meme coins isn’t rocket science, but it does require discipline and a willingness to learn from mistakes. The traders who consistently make money in this space share one trait – they treat it seriously, even though the coins themselves might be jokes.
If you’re ready to start your journey:
- Set up the basic tools we discussed – Phantom wallet, and Axiom trading platform
- Start with a small amount you can afford to lose entirely
- Practice identifying safe vs. risky projects before putting money in
- Keep detailed notes on your trades to identify what works for you
Remember that consistency is the key. Those 20-50% gains might not sound exciting compared to dreams of 100x moonshots, but compounded over time, they build real wealth with much less risk.
If you’re interested in trying Axiom, I personally use their platform daily for all my meme coin trading. Their safety features and intuitive interface have saved me from countless bad trades. You can sign up using my referral link for a 10% fee discount
Whatever you decide, approach meme coin trading with the right mindset. Yes, it can be profitable. Yes, young people are making serious money. But it requires work, discipline, and continuous learning – just like any other valuable skill.
If you have any questions send me an email.
Happy trading, and remember – small, consistent wins beat lottery ticket thinking every time.