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Two-Sided Mixed BidAsk Explained: How NAOJ Printed Serious Fees on $DANKDOGE

Two-Sided Mixed BidAsk Explained: How NAOJ Printed Serious Fees on $DANKDOGE

If you’ve ever watched a Solana meme coin go parabolic and wondered how the real money is made, the answer isn’t always “buy low, sell high.” Sometimes it’s “provide liquidity, collect fees, and manage the position like your wallet depends on it.”

NAOJ (@NaojNc), one of the most respected voices in the Solana LP Army, just posted a perfect case study using the recent $DANKDOGE run. Instead of sticking to one strategy or one pool, he ran three different DLMM setups at the same time, watched P&L live on GMGN.ai, and rotated liquidity as the token climbed past $1M market cap.

The full thread is here →

The star of the show? The infamous Two-Sided Mixed BidAsk — the strategy GMGN.ai flagged on his biggest position.

Two-Sided Mixed BidAsk – double farming, double chaos

What actually is Two-Sided Mixed BidAsk?

Most casual LPs use simple Spot or Curve strategies. Two-Sided Mixed BidAsk is the aggressive evolution:

  • You load both sides of the pair (SOL and the meme token).
  • You place liquidity in bid bins below price (buying pressure) and ask bins above price (selling pressure).
  • You are effectively long and short at the same time → massive fee capture when the price oscillates hard, but you get wrecked if it one-way moons or dumps without coming back.

NAOJ calls it “the aggressive cousin of Mixed BidAsk.” When it prints, it prints stupid — he has shown +50-60 % cycles before. When it fails, it fails loud.

The three strategies he ran on $DANKDOGE

  1. Two-Sided Mixed BidAsk → the heavy hitter (the one GMGN.ai labeled in the video)
  2. Classic Mixed BidAsk → half spot (directional bet), half bid/ask for safety at the top
Mixed BidAsk – full control at the top
  1. Volume Hunter → for when the chart is already vertical and you just want to farm pure volume without caring about direction
Volume Hunter strategy for explosive volume plays

He didn’t just set it and forget it. As liquidity migrated from the 200-bin-step / 2 % fee pool to the tighter 100-bin-step pool, he pulled liquidity from the old pool and redeployed into the new one — classic “follow the flow” move.

Pool selection – the hidden edge most LPs ignore

Why this matters for meme coin degens

Most people who make money on Solana meme launches aren’t the retail buyers at 200k who sell at 2M.
It’s the LPs who:

  • Spot the right pool early
  • Use the right distribution strategy for the current market regime
  • Actively manage and rotate when conditions change

GMGN.ai has made this easier by labeling common strategies in real time (“2 sided Mixed Bidask”, “Tight Range Only SOL”, “Mixed Bidask Only Token”, etc.), so you can literally see what the sharp money is doing.

Key takeaways you can use today

  • Don’t marry one strategy or one pool — run multiple and rotate with liquidity.
  • Two-Sided Mixed BidAsk is god-tier when volatility is high and price keeps retesting levels.
  • Mixed BidAsk (half spot) is safer for farming local tops.
  • Volume Hunter is your friend when the timeline is spamming rocket emojis and volume is 10x normal.
  • Always check TVL & fees across bin steps before you deploy — the wrong pool = silent bleed.

NAOJ and the LP Army crew keep proving that in the current Solana meta, the real alpha isn’t finding the next 100x token.
It’s becoming the house and collecting the rake on everyone else’s euphoria.

Study these setups, practice on small size, and the next time you see GMGN flashing “2 sided Mixed Bidask” on a runner, you’ll know exactly what’s happening — and how to join the printers instead of being the printed.

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