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Fading QuicklySnapshot Window: 2026-07-09 14:00 UTC · ← Back to Crypto Overview
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Copying Memecoin wallets is completely waste of money and time I did some research and found an interesting wallet: https://gmgn.ai/sol/address/3h7mhCwBB4uxxpyrkwYSme8LLzR779uyVN7JLCxX3stu If you look at this wallet, it has made very good profits. Then I copied it with 1 SOL on GMGN. It opened a 0.6 SOL trade, and it was profitable at the start, going up to a 15% profit. But as soon as the wallet I was copying sold, the price dropped so much that my position went into a 51% loss. I was talking to Bitquery MCP to analyze it, and it basically said that if you're copying meme coin trades, the liquidity is often so low that as soon as the leader with a large holding sells, you'll likely lose money.