This article orginally appeared in Milk Road my favorite Crypto Newsletter\n\n\n\nToday is May 8th, the day after the Kentucky Derby. I guess this is what they call Meme season.Honestly, I have so much going on with or other businesses and we are getting our foundations is place for the launch of the Collect Direct business in June, I have not been able to devote the amount of time and study to Meme Coin Season, I would like to. From everything I have read, Crypto Meme coin season is part of the predictable path of cryptocurrency cycles. I found this article from my favorite crypto newsletter that I think is worth taking some time and wrapping my mind around.How long does crypto meme coin mania, normally last? I am not sure, how and where do I buy them? Those are answers I will be looking for THIS WEEK! Enjoy the article, and if you haven't subscribed to Milk Road, I highly recommend it.\n\n\n\nWHAT HAPPENED TO BITCOIN THIS WEEKEND?\n\n\n\nEveryone was talking about one thing this weekend: the Bitcoin blockchain.\n\n\n\nWhy? \n\n\n\n2 reasons\u2026\n\n\n\nThere were ~500K unconfirmed transactions waiting to be completed on the Bitcoin network (a new all-time high)Transaction fees soared to ~$20 per transaction. Last week, those same fees averaged about $1.20 per transaction - a 1,500% increase. Ouch.\n\n\n\nIn other words, the Bitcoin network was more congested than your local highway on a Friday during rush hour.\n\n\n\nSo, what\u2019s causing this? Crypto\u2019s new favorite buzzword\u2026 BRC-20. AKA memecoins on the Bitcoin blockchain.\n\n\n\nYou see, crypto investors are a lot like middle schoolers - every month they have a new crush. First, it was DeFi, then NFTs, now it\u2019s BRC-20 tokens.\n\n\n\nSince BRC-20 launched a few weeks ago, ~12K different tokens have been created and the total market cap is now worth a whopping $920M.\n\n\n\nSome of these tokens have jumped over 21,000% in value so, of course, everyone is trying to get in on the action now\u2026\n\n\n\n\n\n\n\n\n\n\n\nAnd ladies & gents, this is only the beginning of the Memecoin Mania\u2026\n\n\n\nBRC-20 tokens are being added to centralized exchanges to make it easier to trade. $ORDI (the first BRC-20 token ever created) was added to Gate.io on Sunday and has already seen $75M+ in trading volume within the first 12 hours.New investors are entering crypto with the recent massive gains. My cousin Vinny just called me to ask if I knew anything about the \u201cBitcoin PEPE token\u201d.\n\n\n\nOn top of that, it\u2019s never been easier to make a token. Check it out, a Twitter user (@iamwhitelights) recently showed how tokens can be created in 27 seconds.\n\n\n\nAnd with the Twitter video having 18K+ bookmarks, we can expect a whole bunch of new memecoins launching this week\u2026\n\n\n\n\n\n\n\nNow, this is good and bad.\n\n\n\nThe Good: Anyone can make a token. Companies, projects, etc. that want to launch a basic token can, without the need to hire a whole team of developers.\n\n\n\nThe Bad: Anyone can make a token. This includes scammers, hackers, and grifters.\n\n\n\nNew tech, like BRC-20, will always attract some of the most brilliant engineers & investors\u2026and the most brilliant scammers & risk-takers too.\n\n\n\nSo it\u2019s important to be careful and know what to look out for. This is why we\u2019re presenting you with\u2026 *drumroll*... Milk Road's Declassified Survival Guide to Memecoins.\n\n\n\n\n\n\n\n Free Download Click Here\n\n\n\n\n\n\n\n\n\n\n\nMILK ROAD'S DECLASSIFIED SURVIVAL GUIDE TO MEMECOINS\n\n\n\n\n\n\n\nToday, we\u2019re gonna cover 3 cool tools we\u2019ve come across that will help you avoid getting scammed, hacked, or rug pulled during this Memecoin Mania...\n\n\n\n1\/ DEXTools\n\n\n\nThis is an all-in-one tool for new crypto tokens. It tracks real-time prices, transactions, liquidity, charts, and more.\n\n\n\nWhat\u2019s cool about it: I don't know how to read a smart contract perfectly (your boy was only blessed with a double-digit IQ), but Dextools helps out by giving insights into:\n\n\n\nwhether or not that specific token has a verified contractwhether it\u2019s safe or a scamthe latest transactions for that token\n\n\n\nSource: DEXTools\n\n\n\n2\/ TokenSniffer\n\n\n\nThis is a tool that analyzes the token\u2019s smart contract, tokenomics, holders, etc, and then generates a security audit score for that specific token.\n\n\n\nWhat\u2019s cool about it: TokenSniffer tells you stuff like if...\n\n\n\nThe token is sellable or just a honeypot scamThe contract source is verifiedThe creator wallet holds more than 5% of the circulating token supplyThere\u2019s adequate liquidity for the token\n\n\n\nFor example, I looked up the new $PEPE token that everyone is talking about and well, TokenSniffer gives it a security score of 50\/100. *Dun dun duuuuuun*\n\n\n\nHere were the biggest red flags found:\n\n\n\n\n\n\n\n3\/ Twitter\n\n\n\nNow, I know what you\u2019re thinking: \u201cTwitter?!\u201d\n\n\n\nYes, it\u2019s true. And although Twitter looks a lot like WorldStar 2.0 with all the videos of fights and drama, there\u2019s still one super useful feature\u2026.\n\n\n\nTwitter search. You can use this to look up the cash tag and coin name (i.e. $PEPE). This will give you insights into two important things:\n\n\n\nHow many people are talking about the token? (i.e. is everyone talking about it or only a few)Who is talking about the token? (i.e. are real people talking about it or is full of Twitter bot posts from JoeMama69420)\n\n\n\nMilk Road Take: Buckle up, ladies & gents - it\u2019s gonna be a crazy few weeks.\n\n\n\nThe Memecoin Mania is only just getting started and it\u2019s a high-stakes game. Fortunes can be built (and lost) overnight.\n\n\n\nSo, be careful out there Roadies!\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Millionaries will Be Made in the Metaverse?