How did he make 7 million in 10 days?
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How did he make 7 million in 10 days?
3 Strategies to Identify 10x or 100x Projects Before They Surge
Navigating Web3 tides with focused insightsAuthor: Viee, Core Contributor at Biteye
Editor: Crush, Core Contributor at Biteye
Meme coins have recently surged dramatically, with the new token $Moodeng skyrocketing tens of thousands of times, and the new "Dog King" $Neiro rallying over 50% again!
A well-known crypto KOL posted at the end of September that a community member made nearly $1 million in profit from the new coin $Moodeng. Based on transaction screenshots, we can estimate this lucky trader earned around 7 million RMB in just 10 days—an astonishing return...
Biteye's seasoned veterans have analyzed the logic behind these two tokens' rallies and explained how to identify 10x or even 100x projects—definitely worth saving!
01 The Story of Neiro
The king of meme coins, $Doge (Dogecoin), features a Shiba Inu named KABOSU as its logo—the first dog owned by Atsuko Sato, whose quirky expression went viral online. However, KABOSU passed away on May 24. Later, Atsuko Sato adopted another dog named Neiro.
After Neiro’s image appeared at the Bitcoin Conference, multiple related tokens emerged on-chain. Eventually, two versions remained: the uppercase $NEIRO and lowercase $Neiro on Ethereum.
Reasons for the market cap rise of lowercase $Neiro:
1. The project team airdropped 4% of the tokens to Ethereum founder Vitalik Buterin (aka "Vitalik" or "V God"). He sold them and donated the proceeds to charity, generating significant publicity.
2. The community organized a fundraising campaign to raise enough tokens equivalent to $720,000 to get listed on Binance, demonstrating strong community unity.
3. Binance eventually launched spot trading for the lowercase $Neiro.
02 The Story of Moodeng
Moodeng already had high popularity in Web2, with major brands like McDonald's and Microsoft having previously tweeted content related to hippos.
The Moodeng community grew rapidly, especially on the Solana blockchain. Later, the Ethereum-based $Moodeng gained renewed attention after donating tokens to Vitalik Buterin, who then donated the sale proceeds to charity.
03 Why Neiro and Moodeng Have Gained Popularity Recently
The rising market caps and popularity of $Neiro and $Moodeng are mainly due to two key factors:
1. Vitalik selling tokens for charity (generating buzz): Projects airdropped tokens to Ethereum founder Vitalik Buterin, who then sold them and donated the funds to charitable causes. This action significantly boosted media exposure and gave the projects positive public perception.
2. Strong community cohesion (shown through donation campaigns): Organized token donation efforts demonstrated strong community support and solidarity. These collective actions strengthened internal cohesion and sent positive signals to the broader market.
Of course, not every project that airdrops to Vitalik succeeds. For meme coins, the most important elements are ultimately the strength of the community and the inherent virality of the meme itself.
04 How to Spot a Meme Coin Before It 10x or 100x
When selecting a meme coin, ask yourself three questions to assess its potential:
1. Does the meme originate from a source with built-in traffic (i.e., a compelling narrative)?
Many memes don't originate in Web3 but gain traction when Web2 trends spill over. Therefore, it's important to monitor trending topics on mainstream social media platforms and keep an eye on discussions on Twitter and Farcaster.
2. Will the meme be used repeatedly by influential figures or official accounts?
For example, will "the godfather of meme coins," Elon Musk, or the "king of pump calls," Donald Trump—or other celebrities—tweet about it?
Typical meme coins associated with Musk include DOGE, SHIB, FLOKI, TROLL, and NUTS. Indeed, almost any tweet from Musk could spark a frenzy in meme coins.
Trump’s influence in the crypto space is also growing. After being shot at during a July rally in Pennsylvania, meme tokens linked to him surged—TRUMP token rose as much as 68% within 24 hours.
These price surges stem directly from celebrity-driven hype, which fuels FOMO (fear of missing out) in the market.
3. What is the community vibe and development status like?
The most straightforward way is to check group sizes, engagement levels, and sentiment in Telegram, Discord, and topic trends on Twitter.
05 Summary
Many people follow degenerate ("degen") traders when trading meme coins—either copying their trades or adopting their perspective. While common, this approach may limit one’s view of potential opportunities.
For instance, artist @beeple has created numerous artworks related to Pepe in the past. Recently, he released multiple hippo-themed pieces—even before the Moodeng project launched. He did so because he recognized the emerging trend and momentum. Thus, focusing solely on degen trading behavior might cause you to miss earlier signals.
As George Soros wrote in his autobiography: Market participants’ perceptions are inherently flawed; we must view trading from diverse perspectives.
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