Really insightful post. My strategy with memecoins so far has been to lurk on crypto social media and buy as fast as I can when I notice a new coin come into existence.

I'd then wait a week or so, until when the coin would usually explode a little, and then I'd cash out my initial investment and move on to other shitcoins that I'm seeing popping up.

But PapaJams describes a much higher reward and higher risk strategy here, which is to become part of a memecoin DAO VERY early on and to help contribute by offering to work.