Recently, President Donald Trump launched the memecoin $TRUMP, sparking a wave of trading activity. Many investors sold off their Bitcoin and large-cap altcoins to chase the hype. As a result, $TRUMP skyrocketed, entering the top 20 tokens by market cap. However, the surge was short-lived—$TRUMP later crashed more than 95% from its all-time high, leaving many latecomers with heavy losses.
Not long after, Argentinian President Javier Milei came under legal scrutiny for promoting a meme coin that turned out to be a rug pull, leading to major losses for investors and seriously damaging his public credibility.
That’s the nature of meme coins—narratives move the market. Many tokens are born from trending stories, attracting waves of new traders. But without proper caution, newcomers can be wiped out within minutes by rug pulls and fraudulent projects.
. In this article, soltradingbots.io will provide a step-by-step guide to trading meme coins safely, along with tools and tips to help you achieve a high win rate.
Disclaimer:
This guide is for beginners in meme coin trading on Solana. The insights shared are based on my personal experiences and are not intended as financial advice. Meme coin trading is highly risky, so only trade with money you can afford to lose and always conduct your own research before investing. #DYOR
I. Trade Meme Coins Quickly and Safely with Bots
While you can manually trade meme coins through DEXs like Raydium, Orca, Jupiter, or Dexscreener, this method exposes you to risks such as front-running bot attacks and slow transaction speeds. For this reason, Telegram trading bots have become the preferred option for professional traders.
In 2025, I recommend Nova Trading Bot, which offers fast transaction speeds and features like Copy Trade, Limit Orders, Sniper, Nova Click, and AFK. These functionalities make Nova Bot a leading choice among meme coin trading bots on Telegram, alongside well-established options like Trojan Bot.
Additional suggestions:
If you prefer a proven solution with a large user base, go for Trojan Bot. Or, if you prefer simplicity with basic features like buy/sell, copy trade, and lightning-fast transactions, TradezWiz is the perfect choice for you.
Step 1: Access Nova Trading Bot
Click here to access Nova Trading Bot or use the access code: alphaonsol.
Step 2: Fund Your Wallet on Nova Bot
After accessing Nova Bot on Telegram, a wallet address will be automatically generated for you. Alternatively, go to /settings, select Wallet, and manage your wallet.
- Purchase SOL on centralized exchanges (CEXs) like Binance or OKX.
- Transfer SOL to your Nova wallet address.
The default Nova Bot settings are ready to use, but you can customize them to suit your preferences by referring to the Nova Bot Guide.
Tip:
- Use Wallets => Export Private Key to export your wallet’s private key and import it into a Solana wallet like Phantom for better management.
- To import an existing Solana wallet into Nova Bot, use the Import Wallet option.
Step 3: Buy a Meme Coin
To quickly buy a meme coin using Nova Bot (or similar bots like Trojan Bot):
- Obtain the contract address of the meme coin (on the Solana network).
- Paste the address into the bot’s chat and press Enter.
- Nova Bot will display token details and provide preset SOL amounts for quick purchases or allow you to input a custom amount using XSOL.
- Once you confirm the amount, the bot will safely execute the transaction with Anti-MEV enabled.
Step 4: Sell a Meme Coin
On the Nova Bot interface, go to Positions to view the meme coins you’ve purchased, along with their Profit and Loss (%PNL).
- To sell, select the meme coin you wish to sell and choose the percentage or opt to sell all.
Step 5: Withdraw Your SOL
If you’ve imported your Nova wallet into Phantom, simply access Phantom to transfer SOL to any other wallet or CEX.
Alternatively, withdraw directly from Nova Bot:
- Go to Wallet Settings => Withdraw.
- Select the amount of SOL to withdraw and input the recipient wallet address.
II. Tips for Finding Hidden Meme Coin Gems
Beginners often lose money by picking meme coins from the top 10 trending tokens on Dexscreener, many of which are scams. On Pumpfun, over 56,000 meme coins are created daily, but only 0.1% surpass a $1 million market cap, highlighting the high risks and competition. Without a clear strategy, losses are common.
Below are tips to help identify promising meme coins and minimize risks.
1. BullX
BullX Bot is a multi-chain trading bot that allows users to trade across blockchains like Solana, Ethereum, BNB Chain, Base, Arbitrum, and Blast via a web app.
The Pump Vision feature on BullX can help you discover potential meme coins before they explode to million-dollar market caps:
- New Creations: Latest tokens on Pumpfun.
- About to Graduate: Tokens nearing launch on Raydium.
- Graduated: Recently launched tokens on Raydium.
I recommend focusing on New Creations and About to Graduate while applying filters based on your strategy.
Example of my filter for “About to Graduate”:
- Holders: Minimum 200
- Dev holding: Maximum 4%
- Volume: Minimum $50k
- Market Cap: Minimum $30k
2. Twitter Narratives (X)
X is an excellent platform for catching the latest trending narratives and identifying key stories or figures in the crypto space. Use it wisely to spot emerging trends and find opportunities to invest early in meme coins tied to those trends.
Example:
Before Pnut exploded and was listed on Binance, it was mentioned by Elon Musk two or three times on X.
Recently, $TRUMP became the fastest-growing meme coin after former President Donald Trump announced it on X.
3. Wallet Tracking & Copy Trade
If you lack the time or expertise to research meme coins, tracking profitable smart wallets and using copy trading can be an effective strategy.
- GMGN: This tool helps you identify profitable wallets and execute copy trades easily. Register via this link and explore the Copy Trade menu for full functionality.
- TradeWiz: Known as one of the fastest Telegram bots for meme coin trading, TradeWiz offers a unique Smart Wallet feature that simplifies copy trading. You can read my full guide on TradeWiz for more details.
4. Join Communities and Follow KOLs
You don’t need to join large communities or follow KOLs with millions of followers. Most low-market-cap meme coins are initially promoted by smaller KOLs and communities before reaching a million-dollar market cap.
Caution:
Buying or selling based on KOL recommendations can be risky, as some KOLs also promote scam tokens or rug pulls. Always conduct your own research, take significant profits early, and set a stop loss if the price drops by more than 30%.
5. Use Additional Tools to Spot Trends Early
Aside from X, I frequently use Google Trends, TikTok, and Warpcast to monitor trending stories. These tools help me analyze market interest and find opportunities to invest in new meme coin projects aligned with emerging trends.
III. Tools for Identifying Meme Coins at Risk of Rug Pull
1. RugCheck.xyz
RugCheck is a user-friendly platform designed to quickly identify potential scam or rug-pull tokens without requiring in-depth analysis.
>>>Access RugCheck
2. SyraxScannerBot
SyraxScannerBot is ideal for Pumpfun tokens, offering insights such as developer holdings, sniper activities, and more.
>>>Access SyraxScannerBot
3. DEX Screener
DEX Screener is used to view charts and key token details, including top holders, market cap, and liquidity.
>>> Access Dexscreener
4. Checkdex.xyz
Check whether the developer has paid for DEX Screener services. If the service is paid, it often signals that the developer is serious about their project.
>>>Access Checkdex.xyz
5. BubbleMaps
BubbleMaps is a vital tool for verifying token holder distributions, helping to detect scams and market manipulation.
For additional advanced tools, refer to my article How to Find Meme Coins Early Using 15 Powerful Tools for 100x Gains to explore more resources.
IV. Advanced Meme Coin Trading Strategies
Beyond the basic buy/sell process for a specific meme coin, there are several advanced strategies to deepen your understanding of how to trade meme coins on Solana and enhance your trading knowledge.
1. Limit Orders
A limit order is placed on the order book when the market reaches a specific price limit set by you. The trade is only executed if the market price hits your limit price (or better). Limit orders can help you buy at a lower price or sell at a higher price than the current market rate.
Example:
If Token A is priced at $10, but you want to buy it only when it drops to $5, you can use the Limit Orders feature to automate this process.
To use Limit Orders on Nova Bot:
- Access Nova Bot on Telegram.
- Paste the token’s contract address.
- Select “Limit Order” to configure your trade.
2. Take Profit (TP) & Stop Loss (SL)
After a successful buy trade, a sell limit order can be automatically created based on your Take Profit (TP) or Stop Loss (SL) levels. This feature helps manage risk effectively, preventing excessive FOMO or significant losses.
You can set TP/SL according to your preference using the Take Profit & Stop Loss feature on Nova Bot.
3. Copy Trade
As mentioned earlier, Copy Trade saves time by allowing you to follow and replicate the strategies of experienced traders.
Use bots like Nova Bot or Trojan Bot for this feature.
For simplicity, speed, and the unique “Smart Wallet” feature, consider using TradeWiz Bot for enhanced copy trading.
4. Sniper
The Sniper feature enables you to automatically purchase newly launched meme coins on Pumpfun as soon as they are listed. You can also monitor a specific wallet and automatically snipe when that wallet creates a new meme coin.
Note:
This is an advanced feature recommended only for experienced traders. New users should avoid using this feature due to its high-risk nature.
This guide provides a foundational understanding of meme coin trading on Solana while introducing advanced strategies to enhance your trading efficiency. Always remember to DYOR (Do Your Own Research) and trade only with small amounts you can afford to lose.
