By Frank, PANews

The MEME market is full of get-rich-quick myths, but truly sustainable profits are few and far between. How do the top MEME traders achieve consistent profits? Is there a so-called "holy grail" in MEME trading? PANews conducted an in-depth analysis of the trading behavior of the top three profitable players within the OKX wallet over the past three months.

The trading strategies of these top players not only demonstrate the diversity of MEME coin trading, but also reveal the unknown complexities and potential pitfalls in this high-risk field.

This analysis will focus on token purchase preferences, largest single profit, largest single loss, trading frequency, position size, and buying timing.

Cupsey: Finding Diamonds in High-Frequency Frontrunning

Cupsey (suqh5sHtr8HyJ7q8scBimULPkPpA557prMG47xCHQfK, Twitter: @Cupseyy) is the top-earning address on the OKX Wallet Top Rank over the past three months. He has generated approximately $5.14 million in profits over the past three months, with a win rate of 67.7%. He also has 137,400 followers on Twitter.

PANews analysis revealed that Cupsey's daily trading style employs a high-frequency front-running strategy, whereby he invests a certain percentage of his capital in tokens as soon as they open, then liquidates his position after holding it for a minute or tens of seconds. Due to Cupsey's massive trading volume—95,000 in 30 days—a detailed analysis of his overall trading strategy is impossible. PANews analyzed Cupsey's recent random trades, as well as his most profitable and most loss-making trades.

In terms of trading frequency, Cupsey averaged approximately 910 trades per day over the past seven days. His most recent trades indicate that he tends to buy a similar proportion of tokens within minutes of a token's launch or opening, typically around 3 SOL. He then makes his initial sell within tens to minutes. Furthermore, if a token meets certain criteria, Cupsey will follow up with a single trade of around $30, typically adding to his position around 10 times. Cupsey's profit targets are typically modest, ranging from tens of dollars to around $200. Clearly, his strategy isn't to exit a position based on a fixed profit-loss ratio, but rather to exit the market in real-time. Typically, the tokens he invests in plummet to zero within minutes, sometimes collapsing so rapidly that even he himself is not immune. However, judging by his trading speed, he likely uses his own independently deployed trading API to place orders, minimizing risk.

According to GMGN data, Cupsey's most profitable trade was for a token called Dogcoin. This transaction was clearly unusual for him. He didn't buy in at the market's opening, but rather waited more than 40 minutes after the opening. He invested over $2,000 in his initial position, then quickly added to his position several times. He then liquidated his position after holding it for less than two hours, and subsequently repeatedly bought and sold the token several times, ultimately making a profit of approximately $17,000.

In another HAT token trade, which resulted in the highest loss, Cupsey employed a front-running strategy similar to the current one, buying within two minutes of the market opening and selling after holding for 30 seconds. However, his initial investment was significantly higher than usual, exceeding $2,300. After his initial sale, he suffered a $300 loss. However, this time, Cupsey appeared confident in the token's potential and increased his position again, only to exit the market a minute later with a loss of over $3,000.

This process demonstrates that even top MEME traders are not immune to the influence of heavy investment sentiment. Overall, Cupsey's trading strategy operates on two principles: one is to sell quickly at the market's opening, achieving minimal profit before exiting. This strategy is not new; the practical challenge lies in determining the token's performance within seconds of the market opening and completing the transaction within tens of seconds. This must involve relatively complex automated trading tools.

Another approach involves a slower trading strategy, where he identifies promising tokens, invests thousands of dollars early on, and then exits the market in batches. Regardless of his approach, Cupsey isn't one to hold positions overnight or anticipate high returns. His approach likely reflects the current practices of professional MEME traders, who rely on a solid technical foundation and unique trading logic to build a strong foundation.

Gake: Value discovery, band master

Gake (DNfuF1L62WWyW3pNakVkyGGFzVVhj4Yr52jSmdTyeBHm, Twitter: @Ga__ke) is the second-ranked trader, whose trading style is quite different from Cupsey's. In the past three months, Gake has earned approximately $2.48 million, with a win rate of approximately 42%, and his individual gains typically range from several thousand to over $10,000. His trading frequency is much lower than Cupsey's, totaling 2,141 trades over the three months, with an average of approximately 23 trades per day.

In terms of trading style, Gake usually chooses tokens with a market value of more than 100,000 US dollars for trading, and is generally not obsessed with rushing to buy at the opening. Although sometimes Gake will buy some tokens within a short period of time after the opening, it can be found through observation that he often does so to obtain lower chips rather than rushing to exit the market.

Gake's primary strategy is to identify tokens that are likely to return to zero in a short period of time, while also possessing the potential for explosive growth on social media. For example, he typically favors themes related to AI, Elon Musk, or meme culture, which has a strong audience base. It has been observed that the tokens Gake purchases typically have a market capitalization exceeding $1 million.

Secondly, when it comes to buying, Gake waits for the token to reach a low point or enters the market after a positive catalyst. After buying, he quickly withdraws a small portion of his principal, letting the rest sit for a while. When encountering tokens with hot themes, Gake will repeatedly trade them, much like trading altcoins in a range of prices.

Overall, Gake is a diamond hand with unique judgment ideas. His specialty is finding valuable information. He can often find those potential topics and MEME symbols, and then invest relatively more money after evaluation.

Cented ????????: A warning about the "smart money" trap and manipulation

Cented ???????? (CyaE1VxvBrahnPWkqm5VsdCvyS2QmNht2UFrKJHga54o) is the third-ranked trader, with profits of $1.82 million over the past three months. Cented ????????'s trading style is highly similar to Cupsey's, with the amount invested each time and even some tokens traded being identical. Cented ???????? also uses a high-frequency, market-opening strategy, but unlike Cupsey's opportunistic approach, Cented ????????'s trading is more purely bot-based. His holding periods are shorter, with almost all trades completed within a few seconds to tens of seconds, and nearly all of his trades are bought within seconds of the market opening, clearly indicating he is a bot-trading address.

However, it's worth considering that while Cented ????????'s account statement shows a current profit of $1.82 million, the actual profit may not be in the ballpark. This is because the tokens purchased by Cented ???????? are newly issued coins. These newly issued tokens are unlikely to see price appreciation or profit without additional purchases. However, Cented ????????'s transaction history shows that nearly half of its tokens have achieved profit, a probability that clearly contradicts the issuance pattern of MEME. Therefore, PANews speculates that the Cented ???????? address is likely one of the profitable addresses of a "cabal group." The alleged profits are likely the result of other addresses deliberately buying into the market to inflate the price. This is commonly known as "one-handed transfer" (pouring money from one hand to the other). The reason Cented ???????? maintains a persistent profit display is to make the address appear "smart money," attracting more followers and making it a target of the cabal.

PANews randomly searched for several Cented ???????? tokens and found that their creators, without exception, created addresses for a dedicated "conspiracy scheme." This suggests that Cented ???????? is either part of this scheme or is specifically purchasing these "junk" tokens. Regardless of the truth, copying Cented ???????? is not a wise choice for investors.

Therefore, investors should be cautious when it comes to addresses that appear to be smart money and avoid blindly following them. When analyzing MEME smart money addresses, one must remain vigilant and analyze whether the apparent profits of the address align with actual market trends. Otherwise, it is easy to fall into the trap set by the Rug Group.

In short, the trading behavior of these leading players reveals that true success doesn't rely on a single lucky bet, but rather on unique trading logic, a strong technical foundation, and strict risk control. For ordinary investors, a deeper understanding of the logic and risks behind these strategies is far less important than blindly following them. Before diving into this exciting game of wealth, maintaining independent thinking and careful judgment may be the most valuable "smart money" strategy.