Memecoin speculation is heating up again, and the latest cycle is no longer limited to Solana. In a new article, crypto trader Route 2 FI said the two-month-old Robinhood Chain ecosystem has also turned into a major venue for memecoin activity, with Pons briefly reaching a market capitalization above $900 million. At the same time, he warned that the flood of profit screenshots across crypto social channels gives a distorted picture of what most traders are actually making.
His central data point was blunt: over the past 60 days, only 0.25% of traders made more than $500 in profit. In his view, that gap between public perception and actual results is one of the defining features of the current memecoin market.
Robinhood Chain joins the memecoin rush
Route 2 FI wrote that risk appetite has broadly returned to the market after a long bear phase, in conditions that feel similar to 2024. He said the shift is visible not only on Solana but also on Robinhood Chain, a layer-2 blockchain that has been live for just two months.
According to his description, Robinhood Chain is seeing strong memecoin trading activity, while parts of the ecosystem have also produced business models with real revenue. He pointed to Pons as the chain’s main token launch platform, where users can issue and trade new tokens. Pons has already entered the top 10 crypto revenue rankings, trailing only major token launch platform Pump.fun.
As platform revenue surged, he said, the Pons token entered a positive feedback loop and its market cap once broke through the $900 million mark. Early holders saw outsized gains, and the token became a benchmark asset for the ecosystem and, in his telling, for the broader market. He also named Cashcat as the first memecoin on the chain to break into wider attention, while saying Pons lowered the barrier for ordinary users to issue memecoins.
That led to a wave of tokens posting large gains and helped draw some former market participants back into crypto after they had previously declared the industry finished.
Why profit screenshots do not tell the full story
Even with clear trading opportunities, Route 2 FI argued that most public profit screenshots should not be taken at face value. Memecoin trading, he wrote, is one of the most volatile forms of speculation. A position can show 100x gains in the morning and then retrace 99% by night.
He said that for ordinary traders, entering after seeing someone else’s gains often means arriving after insiders, frontrunning snipers, and early buyers have already secured low-cost inventory. In a market with thin liquidity, unrealized gains are not the same as cash in hand.
Trading styles he outlined for memecoin participants
Route 2 FI said anyone trying to trade memecoins seriously needs a complete trading plan. Chasing positions simply because someone else posted a profitable screenshot is, in his words, the wrong way to begin.
He argued that the sector is oversaturated and changes quickly, so attention management matters as much as market access. For newer traders, he said, the first step is to decide which specific style to focus on rather than trying to do everything at once.
He listed several approaches:
- Conviction traders: commit to a defined thesis, build a large position, and hold through a set time horizon while waiting for the move to play out.
- Follower traders: track a wide set of top wallets and study a token more closely when several target wallets buy the same asset, using others’ trade logic to support one’s own judgment.
- Short-term in-and-out traders: enter very early in small-cap tokens with around $100,000 in market capitalization and take profit at target levels, such as selling 50% of a position after a token doubles while leaving the rest for further upside.
- Single-chain specialists: stay focused on one public chain where they hold an information edge, continuously scan new memecoin launches, and look for asymmetric return opportunities.
His advice was that experienced traders may be able to run multiple playbooks at once, but beginners should avoid spreading themselves too thin. He suggested concentrating on one or two setups first and branching out only after gaining more experience.
Trade journaling over blind momentum chasing
Looking back at his own development, Route 2 FI said the most effective way he improved was by recording every trade in full, including both wins and losses. The questions he tracked were simple but specific: Why did I lose money? What was the core logic behind a profitable trade? What conditions would justify a stop-loss exit? What was the bullish thesis, and which risks would break it?
He described a trading journal as one of the best ways to improve in memecoins because it forces every trade to rest on a clear rationale instead of impulse. He also pushed back on the idea that constant short-term trading is naturally easier. For beginners without a strong framework, he wrote, rapid-fire trading rarely leads to steady profits. In some cases, choosing strong assets early and holding them based on one’s own thesis can outperform constant rotation through low-quality tokens.
How Fomo App lowered the barrier to memecoin trading
As copy trading became more common, traders no longer needed to manually scan on-chain data or separately handle every gas payment and transaction step. Route 2 FI focused on two social trading apps in particular: Pumpf.un and Fomo App.
He said Fomo App has become especially visible across crypto communities because it compresses much of the complexity of memecoin trading into a simple interface. Steps such as gas management and token approvals are packaged in the background, allowing users to buy a memecoin with one tap.
Another feature he highlighted was direct token purchases with a bank card. He said that capability helped the product break out to a much wider audience. Fomo App, according to the article, has now surpassed 500,000 users and entered the top 10 of crypto revenue rankings.
In his view, the product’s real breakthrough was opening up a once-closed trading circle. Traders who previously made large gains in memecoin cycles often operated in private groups. Now, users can directly follow profitable traders, inspect the reasoning behind each token position, and, if they agree with the thesis, copy the trade with one click.
The biggest mistake on Fomo App
Route 2 FI described his own first experience with the app. After downloading Fomo App, he followed about 20 well-known crypto influencers, switched back to X, and then watched his phone fill up with notifications one after another. The stream became so noisy that he could not decide what to buy and eventually turned off app notifications just to regain focus.
He said that is the most common beginner mistake: opening the rankings page and following 20 top traders at once. A wall of trade alerts then pushes users into emotional, random buying. In his telling, that usually ends in losses.
He repeated that flashy screenshots are often only the surface. Many of the displayed gains are unrealized profits, not cash that has already been taken off the table. That is why he returned to the same figure: only 0.25% of traders made more than $500 over the last 60 days.
How he screens traders worth following
Route 2 FI said he pays more attention to 30-day rankings and all-time leaderboards than to one-day or seven-day tables because the longer windows are more useful for spotting traders with steady performance rather than those who happened to hit a short burst of outsized gains.
For him, the point of reviewing leaderboards is not blind replication. It is to learn how top traders repeatedly identify new narratives before the crowd. He said traders should first choose accounts they already recognize as high quality: people with public records of consistent profitability who also explain their logic clearly.
He advised against following too many people. His preferred range was no more than five to seven strong accounts so that attention does not get scattered. Good traders who operate on logic, he wrote, do not open positions constantly, which means each alert is more likely to be useful rather than background noise.
As one example, he cited Kyle, a well-known trader in crypto communities whose Fomo App results have drawn attention. Looking at Kyle’s holdings, Route 2 FI said $PONS was his largest position. By reviewing four of Kyle’s core trades, he summarized the strategy as building a large position early in the cycle, holding with conviction, and making the bullish case public so others can study it.
He also mentioned another recognized Fomo App participant, Rasmr, who has shared ideas on how to identify catalysts and narrow down tokens with upside potential.
Speed matters in copy trading, and automation raises the risk
One of his clearest points was that traders who only mirror other people’s orders at the same time as everyone else should expect returns similar to the broader retail crowd. To do better, he said, the trade must happen before other copy traders pile in.
He framed automation as one possible answer. Off-the-shelf tools can automate copy trading without the need to build custom software from scratch. Still, he did not present that as a beginner-friendly fix. He wrote that it suits investors who do not have time to stay up late watching alerts but still want automated exposure to memecoin trading.
The process he described was straightforward: choose the top account to follow, search the username, set the automated copy-trading parameters, and let the strategy execute. But he paired that with a direct warning. The risk is extremely high because gains and losses depend almost entirely on the skill of the trader being copied.
Trend boards and hot token pages can surface narratives
Outside pure copy trading, Route 2 FI said Fomo App includes practical features that many users overlook. His favorite is the hot trend leaderboard, which he uses to quickly see the market’s strongest narratives, infer where the next move may come from, and understand which assets capital is currently clustering around.
He said he typically starts with the top 10 tokens on the board, then looks into tokens that have recently fallen in price to understand what caused the decline and whether a rebound case exists.
He also discussed the app’s hot token page, which shows the most watched tokens at a given time. Tokens with the largest holder counts tend to have larger market capitalizations, reflecting where capital is concentrated. But on the hot page, he said, users will also see more lower-cap assets. Those tokens may only be temporarily popular for the day, but some may later become among the most widely held.
That is why he pays close attention to the section. Studying the narrative around these lower-cap names can help identify breakout candidates early. In his framework, the core force behind token price appreciation is still community consensus built around a narrative.
Pump.fun’s rankings and Callout rewards
Route 2 FI said the logic for screening quality traders on Pump.fun is broadly similar to Fomo App, but the ranking structure is more detailed. Pump.fun separates users by total profit, realized profit, and unrealized profit.
That differs from Fomo App, where leaderboard rankings only count unrealized gains. Looking across all three categories, he said he places greater weight on traders who consistently take profit and realize gains. At the same time, he studies where unrealized-profit traders choose to sell and how they build positions, using the same analytical approach he applies to Fomo App traders.
Pump.fun also offers an additional incentive through its Callout recommendation rewards. If a user is bullish on a token, that user can publish a recommendation visible to all followers. The platform distributes Callout rewards every day, and the amount is tied to the volume of buy orders generated by that recommendation.
He cited platform data showing that 87% of users who received rewards had fewer than 250 followers, suggesting smaller accounts still have room to compete for payouts.
He also added a warning: users should not spam token posts or try to farm the incentive because the activity is governed by a strict user agreement.
Tools are secondary, mindset is not
Route 2 FI closed by saying that copy trading has completely reshaped how the 2024 memecoin bull market was played. Even so, he did not frame tools as the deciding factor.
He wrote that he could list more apps and resources, but doing so would only leave many traders overwhelmed. To make that point, he referenced top trader Smartestmoney, whom he described as making several million dollars a year and never using TradingView.
For Route 2 FI, the message was simple. Tools remain tools. The factors that matter most in trading success are persistence, mindset, and experience.