The Chinese Meme coin "I'm Damn Coming" that took the crypto world by storm was launched on Gate on January 8, and it exploded within just a few days. Its market cap soared from launch to now reaching the $16 million level, with a 24-hour increase once hitting 483%, and the hype was off the charts. But everyone knows the tricks behind these types of coins—essentially, it's just money and emotions playing, with no real technical support or practical application. Once the market sentiment shifts, a sharp decline is imminent, and a bunch of retail investors chasing the high end up as bagholders.

Watching others make a fortune while you feel regretful is common. Actually, this regret mostly stems from a few issues. First, information asymmetry—early news is circulated within small circles, and by the time you hear about it, the price has already skyrocketed several times, making entry costs ridiculously high. Second, cognitive bias—some people think these coins lack a solid value foundation and miss out, only to be taught a lesson by the market. Third, limited risk tolerance—these coins are extremely volatile, and many can't handle the risk psychologically, so they can't hold heavy positions, resulting in meager gains.

If you want to seize opportunities next time without falling into traps, you need some practical strategies. First, pay attention in advance to Meme coin communities and KOLs to identify promising early projects, but never risk your entire assets. Second, position control is crucial—use no more than 5% of your total assets to trade these high-risk assets; even if you lose everything, it won't hurt your overall situation. Third, learn to take profits and cut losses—sell part of your holdings when the price rises to lock in gains, and cut losses decisively when it hits your stop-loss level, don’t rely on miracles to reverse the trend. Lastly, avoid coins without transparent teams, open-source code, or liquidity—no matter how hot they are, ignore them.

Regarding this current coin, it has already pulled back from its high and stabilized around a $15 million market cap. Meme coins are like this—they come fast and go just as quickly. Most current entries are probably high-level bagholders. Wait for a correction to a more reasonable range before considering entering again, or simply shift your focus to finding the next early promising project. Ultimately, the explosive growth of thousands or even tens of thousands of times is a game of capital; blind regret is pointless. Instead of dwelling on missed opportunities, spend time building your project screening system and risk management framework, so that next time you encounter similar opportunities, you can both capture profits and protect your principal.