The Truth About Copy Trading on GMGN: A Costly Lesson

Let me share my experience with copy trading on GMGN—spoiler alert: it’s not a pleasant one. If you’re considering trying it, you might want to think twice. For me, it turned out to be a near scam. Within just one day, I lost $300, which was a staggering 30% of my total investment.

Here’s what’s really happening: some so-called “leaders” are leveraging their followers’ trades for personal gain. It’s a clever strategy—but not in a good way. They often target low-liquidity meme coins, knowing their followers will mirror their moves. When the followers pile in and push up the price, these leaders sell at a profit, leaving the rest of us holding the bag.

To make matters worse, I noticed a disturbing trend in some of the trades I reviewed. The price I got for a trade compared to the leader’s price was often off by as much as 30%. Imagine starting a trade with an immediate 30% loss—it’s almost impossible to recover from that.

Now, does this mean copy trading is entirely hopeless? Not necessarily. There is a way to potentially make it work, but it requires a more cautious approach. Look for leaders who trade less frequently and invest significant amounts—think $50K or more per trade. These traders are more likely to be focused on quality rather than quick, risky plays.

Copy trading can be tempting, especially for those who are new to investing or looking for a shortcut. But before you dive in, do your research, stay vigilant, and remember: not all that glitters is gold—especially on GMGN.