Have you participated in meme sniping on Raydium or Solana?
I've tried doing this in Solana because it's the trending chain with meme coins.
How do you manage risk while sniping meme tokens?
With the amount that I can afford to lose.
Is this trend short-term speculation, or do you see long-term potential?
Since I have no success in doing this. This is just for short term, if it's for the meme coins, you don't expect them to thrive in the long run and that's why you have to be wiser with the profit that you make from it.
Because if you don't, you're going to miss the profit that you should make from it. You convert your profit from these coins in the short term into a longer term like Bitcoin.