The three apps we trade with, how to vet whoever is sharing a token, a plan for entry and exit, which chain to start on, and a first trade in four steps.
Three apps, in our order of preference. The same three questions for each: what is good, what is bad, and who it is for.
Mobile trading app. Our favourite and the one this guide is written around.
Where new tokens launch. Where the trenches were born.
Trading bot that lives in Telegram. Speed and more chain options.
How to pick: start with fomo. It is our favourite for new users and the app this guide is written around. On Solana we also use Jupiter, a DEX aggregator, for plain swaps.
Knowing what to buy usually starts with someone sharing a token and an idea. Alpha is everywhere. Who is sharing it, why they are sharing it, and what you do with it matter more than the token.
A new token has no history. The account posting it does. You can read an account's last month of posts in ten minutes, and it will tell you more than the token's chart.
Whoever shared it, the token is their idea. The plan is the part you control, and section 3 is the plan.
Sharer vetted or not, the trade is yours. Decide the entry, the exit and the size before the buy, then do what you wrote down.
Plan the entry, then wait for it. Do not buy the vertical candle. If you missed it, you missed it.
Sell in pieces. Take the initial out. Decide what kills the thesis before you buy, and sell when it happens.
Holder concentration, bundle checks, dev wallets and wallet tracking, with GMGN, DEX Screener and the chain explorer as the tools for it. That is a later stage. For now: know how to buy, know how to sell, and have a plan.
Robinhood Chain is the chain, not the brokerage. An Ethereum L2 where memes and tokenized stocks trade side by side.
Robinhood Chain went live on July 1, 2026, so its meme market is about three months old. Solana's is mature: deeper liquidity, and far more competition for attention. Solana is the established casino. Robinhood Chain is the new one, where everyone is still working out which tables are hot.
The chain was pitched for tokenized stocks. Memes took it over. Pons, its launchpad, plays the role Pump.fun plays on Solana. Long is where a new token gets paired with a tokenized stock. Pons does pairings too; Long does them well because of how its liquidity pools are built.
What we notice trading it: fewer launches on a normal day and fewer bad actors than Solana. They still exist, it is just not as nasty, so a wrong thesis can usually be exited with capital left. The other difference is the name on the door. Robinhood is a consumer brokerage with a wallet that feeds its own chain, and in meme markets attention is the scarce thing.
Sign up on fomo through our link, fund it with Apple Pay or USDC, and trade the chain from inside the app. No Robinhood account needed.
The people building the chain and the things on it. Same rule as section 2: a post from any of them is a place to start reading, not a signal to buy.
Solana is where meme trading grew up. It is the original home of it, with the longest history, the biggest crowd and the deepest liquidity, and it is still a fantastic place to trade memes. New launches there need heavy research. We prefer Solana memes with at least a $1 million market cap, or established coins with some price history behind them, over brand-new launches. You can still go into the trenches and trade very low market cap memes if you want. Be careful: that is where your funds are most at risk unless you are fast, experienced, know how to research, and are following the right accounts and wallets.
On Robinhood Chain, in fomo, with a small fixed amount. Ends with the sell.
Create your fomo account through our link. There is no lengthy verification at signup.
Sign up on fomofomo takes Apple Pay, a debit card, or a crypto transfer in. Apple Pay is probably the easiest: it buys a coin, which you can sell inside the app to have funds ready.
fomo does not expose a slippage setting, so there is nothing to set. Read the thesis write-ups inside the app, look at many tokens before choosing one, write your own thesis in a sentence, then buy a small amount.
Take the initial out at the first target, sell the rest in pieces, sell everything if the thesis breaks.
There is no minimum. We suggest a first budget of $25 to $50, enough to learn the app, the fees and the sell button while a total loss costs about a week of coffee. fomo's own guidance uses the same $25 to $50 starting range. Never fund it with rent money or borrowed money.
It can be, if you treat it like one. Memecoins have no cash flows, prices move on attention, and insiders often sell first. We treat it as a real opportunity and accept that any position can go to zero, so we only trade money we are fine giving up.
fomo is non-custodial: the wallet is created at signup, the key is split into shares through Privy, and the private key can be exported from Settings. Trades route through DFlow with MEV protection. The app is not the risk; the tokens are. There is a fee on every trade, so read the quote before you buy.
Pump.fun is a real Solana launchpad, running since January 2024. Creating a coin carries a fee and so does every trade. The amounts change, so read the quote in the app before you confirm. We watch launches there before we buy anything.
Based Bot works and publishes its 1% per-trade fee. It generates your wallet and lets you export the private key, so the funds are yours to move, but the bot also keeps a copy of the key and signs on your behalf. No legal entity, terms or country list is published. We fund it only with an amount we would accept losing, sent from a separate wallet.
You cannot know for certain. We review the team behind it, the number of holders and the wallets holding it, how much of the supply the top wallets hold, and whether the deployer has rugged before. A DM promoting the token is a warning sign on its own.
A KOL (key opinion leader) is an account with an audience that shares tokens. Some are paid to promote a coin, in cash or in tokens. Others are traders sharing their own conviction, and sometimes it is both. We never blind-copy a call; we check the wallet, the timing and the disclosure first.
Decide before you buy. Our rule: sell enough at the first target to take the original stake out, sell the rest in pieces at levels written down in advance, and sell everything when volume falls while price holds or the thesis breaks. Raising the target instead of selling is how a winner becomes a round trip.
A swap fails when the price moves past the slippage tolerance before the transaction lands, or when the network fee is too low to get it included. fomo handles this for you, so there is no slippage setting to change. On apps that expose one, a tolerance set too low fails and one set too high fills at a worse price.
Robinhood's crypto app lists a short set of memecoins, including CASHCAT, PEPE, BONK and WIF. Robinhood Chain is separate: an Ethereum layer-2 on the Arbitrum stack, live since July 1, 2026, where thousands of memecoins trade on DEXs from a self-custody wallet. No Robinhood account is needed. You can trade Robinhood Chain memecoins on fomo.
We start on Robinhood Chain and graduate to Solana. Solana launched roughly 29,000 new coins a day in August against Robinhood Chain's 9,200, and its top 1% of wallets did 97.5% of volume, so it holds both the gems and the sharks. Robinhood Chain fees are congestion-priced and spiked in early September, so check gas before every trade. Figures as of September 28, 2026.
Yes, in both. The IRS treats digital assets as property, so every sale, and every swap of one memecoin for another, is a taxable disposal; brokers report on Form 1099-DA from 2025 transactions. The CRA treats trades as dispositions producing a capital gain or business income. We are not tax advisers; read the IRS and CRA pages.
Everything linked above, in one place.
Nothing on this page is financial advice. It describes how we trade and what we use; what you do with your money is your decision. Some links on this page are referral links: sign up and you may get lower trading fees where applicable, and sometimes we get a bonus too.