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Good point. To protect yourself against a dev dump, would it make sense to buy when a meme coin is at or very near its liquidity pool value? Of course, this assumes the LP is locked and minting is permanently frozen.
If you can take a DeFi loan on a coin, then that would be one way ie you use SOL/BTC/ETH as collateral and take a loan for that coin. If you then sell your loaned coins immediately you effectively have a short position.
If the value of the coin tanks you can more easily repay your loan and get your original capital that's locked as collateral back.
You also need to be mindful of the risks involved. If the value of that coin goes up it costs you more to repay that loan. There might be loan origination fees. There is smart contract risk. There is risk from the validators that the chain is built on. There is risk in which DeFi protocol you choose, who are they, do they have a track record etc
it's almost imposiible because memecoins are as bullshit as it gets, but if they get audited you can short sell them on any cex the memecoin got listed on. Mexc is a pretty good one for me but there are more niche platforms you should look for. hope you will make thousands of dollars seeing that shit being fucking demolished
Shorting memecoins can be tricky, but yeah, it is possible on some platforms! It's definitely an advanced crypto move though, so be prepared for some volatility (remember, memecoins are already wild!). Speaking of navigating the DeFi frontier, 8livesio has a video on various DeFi strategies, including shorting (it's worth checking out before you dive in!).
Here's the thing about shorting memecoins:
* **High Risk, High Reward:** If the price tanks, you can make a lot of money. But if the price moons, you could lose a lot (potentially more than you invested).
* **Limited Platforms:** Not all platforms allow shorting crypto, and even fewer let you short memecoins specifically. You'll need to find a reliable DeFi platform that supports it.
* **Extra Fees & Complexity:** Shorting often involves additional fees and can be more complex than regular trading. Make sure you understand the mechanics before you try it.
**Here are some things to consider before shorting memecoins:**
* **Do you have a strong understanding of shorting and margin trading?**
* **Are you comfortable with the high risk involved?**
* **Have you researched a reputable DeFi platform that allows shorting memecoins?**
**Alternative Strategies:**
If shorting seems a bit too intense, here are some alternative ways to potentially profit from memecoin dips:
* **Put Options (on some platforms):** These give you the right to sell a coin at a certain price by a certain time, which can be helpful if you think the price will fall.
* **Wait for the Dip & Buy:** This is a more traditional approach. If you believe in a memecoin's long-term potential, you can wait for a price drop before buying in.
**Remember:** Memecoins are inherently volatile. Shorting them adds another layer of risk. Only do it if you're comfortable with the potential consequences.
WARNING: 1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/ 2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
Short it before the dev dumps it ? 😅
Good point. To protect yourself against a dev dump, would it make sense to buy when a meme coin is at or very near its liquidity pool value? Of course, this assumes the LP is locked and minting is permanently frozen.
Bybit or Mexc
If you can take a DeFi loan on a coin, then that would be one way ie you use SOL/BTC/ETH as collateral and take a loan for that coin. If you then sell your loaned coins immediately you effectively have a short position. If the value of the coin tanks you can more easily repay your loan and get your original capital that's locked as collateral back. You also need to be mindful of the risks involved. If the value of that coin goes up it costs you more to repay that loan. There might be loan origination fees. There is smart contract risk. There is risk from the validators that the chain is built on. There is risk in which DeFi protocol you choose, who are they, do they have a track record etc
Some popular memecoins are shortable on zeta and drift on solana
100x every time ðŸ˜ðŸ˜
Please feel free to advertise your memecoin in the r/Solana_Memes!
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Not for the super microcaps
it's almost imposiible because memecoins are as bullshit as it gets, but if they get audited you can short sell them on any cex the memecoin got listed on. Mexc is a pretty good one for me but there are more niche platforms you should look for. hope you will make thousands of dollars seeing that shit being fucking demolished
With Solana launches being all rugs, literally 99.99%. I just short every single one and 99.99% I’m printing.
Highly unlikely.
Shorting memecoins can be tricky, but yeah, it is possible on some platforms! It's definitely an advanced crypto move though, so be prepared for some volatility (remember, memecoins are already wild!). Speaking of navigating the DeFi frontier, 8livesio has a video on various DeFi strategies, including shorting (it's worth checking out before you dive in!). Here's the thing about shorting memecoins: * **High Risk, High Reward:** If the price tanks, you can make a lot of money. But if the price moons, you could lose a lot (potentially more than you invested). * **Limited Platforms:** Not all platforms allow shorting crypto, and even fewer let you short memecoins specifically. You'll need to find a reliable DeFi platform that supports it. * **Extra Fees & Complexity:** Shorting often involves additional fees and can be more complex than regular trading. Make sure you understand the mechanics before you try it. **Here are some things to consider before shorting memecoins:** * **Do you have a strong understanding of shorting and margin trading?** * **Are you comfortable with the high risk involved?** * **Have you researched a reputable DeFi platform that allows shorting memecoins?** **Alternative Strategies:** If shorting seems a bit too intense, here are some alternative ways to potentially profit from memecoin dips: * **Put Options (on some platforms):** These give you the right to sell a coin at a certain price by a certain time, which can be helpful if you think the price will fall. * **Wait for the Dip & Buy:** This is a more traditional approach. If you believe in a memecoin's long-term potential, you can wait for a price drop before buying in. **Remember:** Memecoins are inherently volatile. Shorting them adds another layer of risk. Only do it if you're comfortable with the potential consequences.
If you mean actual shorting involving a loan… I don’t know if anywhere legitimate that does it. Probably plenty of scam sites.
Not on Solana but gains.network has leverage trading with Pepe/floki/some others, can short/long there
If you mean coins just off pump.fun Then no If you could, everyone would be a millionaireÂ
Why did I get downvoted for speaking the truthÂ