# Follow the meme flow

Meme tokens paired against a tokenised stock route every trade through that stock's pools. This playbook finds the stocks where that flow is large and growing, and checks whether it actually reaches LPs.

## 1. Rank assets by meme activity

On [Assets](../assets.md), sort by **Meme mcap**, then look at **≥$100k** and **≥$1M**.

- **One large meme** can carry a stock's volume alone, and can fade just as fast.
- **Several memes over $100k** spread the flow and tend to last longer.

Hover the market cap to see which memes they are.

## 2. Check that the memes move the pools

Open the asset and look at **Price and fees** on its pool page.

- Fees that stay busy through US off-hours and weekends, when the stock itself isn't trading, are a sign of meme flow.
- Where the **Flow and LP track record** section is available, the **Meme venue** share of volume measures it directly.

## 3. Pick the pool that gets the flow

An asset can have several pools. Meme trades route to the pool with the best price, which is usually the deepest, cheapest one. In **All pools**, compare each pool's share of the asset's volume.

## 4. Check the rating

Meme flow is good flow, but it doesn't cancel price risk. Check the pool's [vol ratio](../vol-ratio/README.md) and flags as usual. A stock with busy memes and a **Well paid** chip is the combination this playbook is looking for.

## 5. Watch for changes

[Meme alerts](../alerts.md) flag graduations, market cap crossings and volume spikes. A new meme crossing $1M against a stock you LP is a reason to look at your width: the extra volume raises fees, and a meme crash can drag the stock token's price with it.

> [!WARNING]
> Meme volume is volatile. A meme can lose most of its value in hours, and the fees it brought go with it. Treat meme-driven fee APR as a burst until it has lasted more than a few days.