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A hedge funder shares his precise strategy for finding high-upside meme coins, and lays out his bets for 2025
- Joe McCann, a hedge fund founder, blends Wall Street with Meme Street, trading meme coins with traditional tools and risk mitigation strategies. In 2025, he favors bitcoin and solana while shorting ethereum.
- McCann avoided the Trump coin trend, opting for a small personal bet on LIBRA but quickly selling when it plummeted, recognizing it as a rug pull.
- Starting as a trader, McCann later ventured into software before launching Asymmetric in 2022, overseeing multiple funds trading crypto and meme coins.
- McCann employs traditional risk management tools to navigate the volatile world of meme coins, ensuring multiple sign-offs before making significant moves.
- He views all cryptos as meme coins to some extent, focusing on 'blue-chip meme coins' with sustained market caps while implementing data and technical analysis for future predictions.
- In 2023, he identified SOL's potential based on stablecoin flows moving to Solana and successfully predicted the rise of bonk coin, Solana's offshoot meme coin.
- McCann emphasizes the importance of knowing when to exit a meme coin position, relying on order flows and technical analysis to make informed decisions.
- For 2025, his main positions include being long on bitcoin due to institutional interest and solana for its advancements over ethereum, which he is shorting.
- McCann anticipates a volatile 2025, cautioning against chasing hype and promoting strategic trading due to uncertain market conditions and potential slowdown in returns.
- While the Trump coin signaled positivity for crypto and meme coins, McCann warns that easy profits are over and strategic trading will prevail in the current market landscape.
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