Trading mistake: trusting volume without checking unique buyers
One of the most common ways beginners lose money on memecoins: trusting volume without checking unique buyers. Here is why it happens, what it costs, and how to stop doing it.
Why beginners make this mistake
Big volume looks like demand, and trending lists rank on it, so beginners assume a high-volume coin is genuinely hot.
What it costs you
Watch out — Wash trading fakes volume cheaply. You buy manufactured hype and end up as exit liquidity when the fake activity stops.
How to fix it
- Always compare volume to the unique-buyer/maker count.
- Distrust huge volume with few unique buyers.
- Check whether holders are actually growing.
- Require real buyer growth before acting.
Tired of finding the pump after it already ran?
Get real-time Solana memecoin alerts the moment volume, buyers, and liquidity line up — free tier available, Pro $29/mo, Lifetime $499.
Education only — not financial advice. Memecoins are extremely high risk.
Related guides
- Trading mistake: ignoring fees and slippage
- Trading mistake: mistaking a rug for a dip
- Trading mistake: holding through obvious exit signals
- Trading mistake: buying the tenth coin of a played-out narrative
- Trading mistake: believing "it can only go up from here"
- Trading mistake: letting chat sentiment override the chart
- Trading mistake: setting slippage so high you get sandwiched
- Trading mistake: not keeping sol for fees and exits
- How to spot a memecoin rug pull
- How to detect a memecoin rug pull
- How to understand a memecoin rug pull
- How to read a memecoin rug pull