In the context of continuous tightening market liquidity, a meme coin has exhibited a unique trend, achieving a market capitalization of over one hundred million dollars: RFC. KOL Sha Po Lang also made a million dollars from this meme coin, and recently shared his trading journey of this currency on Twitter.
Anti-American Leftist Meme Account Attracts Musk’s Attention
Sha Po Lang stated that he had previously purchased a similar concept meme coin called $Retard before $RFC, which at the time had a market cap of around 20k. He initially bought a base position of 1 $SOL. After researching $Retard, he discovered that this coin was associated with the @IfindRetards account, which has been looking for some particularly “retarded” (intellectually disabled) people or events since the beginning of this year and mocking them by showcasing their photos.
Sha Po Lang remarked, “This account enjoys identifying the intellectually challenged within the American left, which aligns perfectly with Musk, who belongs to the American right. Musk quickly took notice of this account, and since March, he and his mother have been frequently interacting with this account to mock the American left.”
Official Account Launches Coin, Multiple Positive Factors Lead to Shift
At the same time, Solana had just seen the emergence of two major cryptocurrencies, $Routine and $Ghibli. After analysis, Sha Po Lang concluded that $Retard had the most potential for speculation, having increased his position in $Retard five times, reaching a peak unrealized profit of 1300% without selling, as its market cap was only 300,000 dollars. It wasn’t until March 25 that the coin price plummeted to zero. He then realized that the official account @IfindRetards had personally launched a meme coin, directly pinning the Pumpfun contract address.
However, he had always been extremely optimistic about the narrative surrounding the word “Retard.” With the official account now publicly launching a coin, he decisively liquidated all $Retard positions and quickly shifted to $RFC. At that time, due to excessive FOMO, he was too lazy to copy the contract address and directly purchased $RFC from the hot list, only to find he bought a fake.
Nevertheless, he subsequently entered the official $RFC at a market cap of four million dollars. As market sentiment began to decline, the market cap fell to around two million dollars, prompting him to continue averaging down at lower levels, ultimately settling at an average position around a market cap of three million dollars.
At that time, he expected the valuation of $RFC to exceed the peak market cap of $Ghibli, roughly between 40 million and 50 million dollars, leading him to believe that his average position of three million dollars had at least close to ten times expected profit.
Despite Achieving Target Market Cap, Sha Po Lang Holds Firm
He considered several possibilities for $RFC not succeeding, but fortunately, none of them came to fruition:
- Musk losing interest in interacting after discovering the account had launched a coin.
- The project’s insiders being numerous and short-term focused, continually selling off and preventing market cap growth.
- The project team abandoning the token and deleting the account to perform a rug pull.
The previous instances of $RFC’s price manipulation generally resulted in a doubling: the first pump raised it from five million to ten million, the second from ten million to twenty million, the third from twenty million to forty million, and the fourth pump brought it between fifty million and sixty million. This was the most challenging period for him, as it had reached the price he initially set. Additionally, several positive factors had emerged at this point, such as the listing on Binance Alpha and an unexpected feature on CCTV. Logically, the conclusion of good news should lead to selling pressure, suggesting it was time to exit, yet he chose to continue holding.
RFC as the Perfect Attention Economy Target
He stated that “attention economy” is currently his central mindset in meme coin trading. Before purchasing any meme coin, he asks himself two questions:
- Does this meme have the potential to attract widespread attention in the future?
- Is it short-term attention, medium-term attention, or long-term attention?
Clearly, $RFC can answer both questions with full marks; it has the capacity to attract widespread and long-term attention. It can be reasonably assured that Musk will continue to interact frequently with this account in the future; not only Musk but also his mother and various influential figures in American politics, so the most concerning attention is likely secure. This should be the most attention-grabbing coin in the near term.
Other common dimensions like narrative, coin distribution, technical analysis, whale activities, etc., are things he hardly cares about or considers only as references, rather than primary judgment criteria. Furthermore, even though $RFC has risen to the fifty to sixty million dollar range, there hasn’t been much discussion about this coin, at least not compared to the discussions surrounding $Ghibli when it was at thirty-eight million dollars.
Finally, during this period, market conditions began to improve, with $SOL rising from 100 dollars to 130 dollars, which in some ways gave him confidence to continue holding. Although the final outcome was favorable, he felt there were indeed many elements of chance involved. He believes that the best strategy for this coin would be to gradually reduce his position and take profits around the fifty to sixty million dollar market cap level.
Risk Warning
Cryptocurrency investments carry a high level of risk; their prices can be extremely volatile, and you may lose your entire principal. Please assess risks carefully.