TechFlow reports, crypto trader Ansem pointed out on Twitter that he is often accused of manipulating coin prices. He clarified that he has never intentionally sold immediately after sharing trades on Twitter while simultaneously posting bullish comments. He explained why people might have this misconception, especially regarding coins with market caps below $100 million, as their token distribution may be unreasonable.
For meme coins, there are three or four key attributes that make them perform well:
1) Relatability: Describes how appealing the meme is to ordinary people, even those unfamiliar with crypto or finance. For example, dogwifcoin is a highly relatable meme—everyone loves dogs, and a dog wearing a hat is easily understood by anyone, regardless of whether they know what an L1 is.
2) Spreadability: Even if a meme is relatable, it needs some mechanism to spread. For certain memes, this could be an upcoming global event, such as $BODEN tied to the upcoming presidential election; for others like $DOGE, it might be the world's richest person (Elon Musk) constantly talking about it.
3) Distribution: Many new meme coins fail because development teams hold large amounts of tokens.
4) Scalability: This refers to how easily the meme can be adapted to other completely unrelated things.
He stated that the best evaluation method is to comprehensively consider token supply distribution and community engagement.
