What do you look for in a memecoin?

Hey everyone! As much as people like to talk their smack about the memecoin market, which I can fully understand, as it’s been extremely oversaturated with a lot of pnd’s, most of which trend straight to zero.

However the 24h volume of memecoins on Solana alone today was $4.20 billion, and this is considered a slower period.

Obviously there is still a lot of interest in memecoins, and I believe there is always an opportunity to find a gem, and make some insane gains.

I’m curious as to what you look for in a memecoin? What does it take for you to not just ape into a coin, but feel confident to lock it up for a few months and come back to a wild return? Appreciate all responses! Cheers 🍻