Trader Who Made 'Giga Wealth' On Memes Reveals 'Mememillions Playbook,' Still Holds Most Of His DOGE

Pseudonymous self-styled “meme coin millionaire” Apatheticwhale revealed his "playbook” to make millions in meme coins, stating that this is the most alpha he has ever posted.

What Happened: Apatheticwhale suggested that although it takes time, traders should create numerous aged Ethereum ETH/USD and Solana SOL/USD accounts that appear to be owned by real individuals and are not connected. He then advises to "accumulate 2-4% of the supply of several projects that have energy behind them, in small amounts across each address."

you want the playbook to be mememillions?

create thousands of aged ethereum/sol accounts that look like real people and are not connected. (this takes time)

accumulate 2-4% of supply of several projects that have energy behind them, in small amounts across each address. (i'm a…

— mememillions (@apatheticwhale) May 7, 2024

His strategy is to not hold more than $250,000 in value in one address and wait until one or several go to billions.  When it is time to sell, he recommends selling on centralized exchanges and not decentralized exchanges.

"It’s really that easy. no need to run around in circles buying tickers of your favorite influencer on here," Apatheticwhale concludes.

Also Read: These Two Meme Coins Will Hit A ‘$10B Valuation By Summer,’ Crypto Trader Predicts

Why It Matters: Apatheticwhale claimed that this strategy has worked for him with cryptocurrencies like Shiba Inu SHIB/USD, Pepe PEPE/USD, BabyDoge and others. He also revealed that he mined Dogecoin DOGE/USD in its early days and still holds most of it.

Apatheticwhale’s "playbook" offers a simple yet potentially effective strategy for achieving significant gains in the crypto space. By creating numerous aged accounts, accumulating promising projects, and exercising patience, the trader suggests that investors can position themselves for success.

Responding to an X user who asked if there are opportunities to do this all the time, apatheticwhale states that if one purchases random coins like the flavor of the week it is hard. However, buying projects that have people working behind them will take you to billions.

What’s Next: The influence of meme coins Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: Dogecoin Sprints Off With Meme Cousins Over The Weekend: Here Are 4 Cryptos Trading With 10%+ Gains

Image: Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.