Author: Joyce, BlockBeats

Editor: Jack, BlockBeats

Amid the ups and downs of the market, several golden dogs emerged from the meme currency market. Several screenshots of people who have made high-multiple profits on meme coins have begun to circulate in the community, but behind the few lucky ones, there are many accompanying runners who have repeatedly failed.

The meme currency market is a field full of opportunities and challenges. In addition to luck, traders also need to have market insight, use of technical tools, psychological quality and flexible response to changes to obtain satisfactory returns. Among them, the ability to use tools can be improved quickly. In this article, BlockBeats has sorted out some on-chain analysis tools designed specifically for meme currency transactions. They are suitable for meme coins with small market capitalization and recent emergence. We hope they can be helpful to those who want to use them. Traders involved in the memecoin market are offering some help.

Before reading this article, you need to note that there are various meme currency trading tools on the market. Some tools have already loyal communities and will focus more on maintaining the existing community and reduce their exposure on social media. Some are just starting out, with novel functions but poor stability, while others require dialectical analysis of the signals they provide due to their large number of users.

In addition, readers need to realize the characteristics of the meme currency market, that is, the trading pace is fast, high returns are accompanied by high risks, and it is not a trading field suitable for everyone to participate in. The analysis tools can only play a supporting role to minimize the chance of stepping into the trap. Probability.

Introductory gameplay: CA address analysis position chips

The most common scenario faced by traders who are new to meme coins is that after seeing a new meme coin in the community, they analyze the token from aspects such as security and chip structure to decide whether to trade it. In this scenario, assistance can include website-style tools and trading BOTs.

First is some basic information analysis.

You need to pay attention to the security of the token contract, such as whether the token is a Pixiu plate, whether the contract is open source, whether the token permissions have been discarded, and whether there is a locked pool and other risk reminders. In addition, information such as the market value of the token, the number of holders, recent transactions, and the number of positions held by the Top 10 holders are also important reference indicators for judging whether the token is safe in the absence of other additional signals.

In addition, the line-finding tool GMGN provides other information on the meme currency on the web page, such as whether the dev has run away, whether the team has paid for advertising on Dexscreener, the official Twitter account of the token and the tg community link, etc. These Information has different meanings depending on the situation.

In the meme currency market where the pvp situation is becoming more and more intense, a more in-depth analysis of the token holding structure is needed. Generally speaking, the trading conditions of smart money, KOLs, and large currency holders can provide more effective information than other traders. For example, GMGN divides token traders into categories such as smart money, KOL, whales, new wallets, snipers, large currency holders, and rat positions.

In addition, some monitoring tools based on TGBOT can also provide this function. If you are pursuing speed, you can first enter the CA in the group where TGBOT is present to instantly view the token holdings.

Observing the purchase amount, entry timing and profit situation, combined with discussions on social media, can help determine what stage this meme coin has reached. The tools currently on the market have different advantages. For example, some tools will highlight the holdings of KOLs and large investors.

Advanced gameplay: filter addresses to increase certainty

There are some public smart money addresses in the meme currency market, such as addresses with high winning rates circulated in the community, addresses marked by institutions, and KOL addresses. GMGN has marked some smart money addresses based on statistics, but the official and public marked addresses are of little reference significance, and the public KOL addresses cannot blindly follow orders. Meme currency players need to establish their own smart money watch list in order to Better to survive in the market. This requirement can currently be met through GMGN and other customized tools.

After seeing a meme coin with good growth, you can look for smart money from three groups: early large currency holders, high-yield traders and early buyers. The most important thing is to judge based on the buying time. If If this address is bought before the meme currency rises, its reference value will be greater.

Some tools are more concise and intuitive in terms of viewing, and the interactive experience is more convenient. They only provide three indicators: large currency holders, KOL and rat positions. After clicking on the address, you can immediately view the transaction operations of this address on the current token without jumping. Profitability.

After screening out a batch of wallet addresses, you need to observe the recent transactions and profits of this wallet address. Many high-yield wallet addresses have no tracking value. It is likely that they just encountered lottery tickets after casting a wide net.

In addition, some players will search the wallet address on solsCAn to check the initial source of funds of the wallet to analyze the "group" in which the wallet is located. On meme coins, some smart money addresses with poor information will operate from several addresses during transactions.

Add the final selected wallet address to the watch list, and observe the transaction performance of the wallet address from time to time. When you encounter a new meme coin again, you can check it through GMGN's "Following" or through some tools with monitoring functions. Is there any following wallet that holds meme coins, which can be used as a reference for transactions?

Advanced gameplay: chain scanning + following orders, pursuing one step ahead of others

The trading cycle in the meme currency market has been compressed to minutes, so speed is crucial to profitability results. However, it needs to be understood that fast transaction speed does not mean that there will be high profitability returns. There needs to be sufficient Judgment and analysis ability as support.

Players usually compete for speed in three aspects, namely discovering alpha new coins (chain scanning), discovering smart money trends (following orders) and final buying and selling (trading).

Sweep chain

In terms of “chain scanning”, GMGN and Bullx are more popular.

GMGN displays the "Sniping New Coin" column at the bottom of the page. When a signal occurs, a red prompt will appear, and users can click to view it immediately. Click "New Coins" on the GMGN homepage to browse the latest token status. You can set filtering conditions on the right side, including whether there is social media, DEX holdings, circulating market value, number of holders, etc. However, some users have reported that the filtering conditions sometimes do not work, and they will be used in conjunction with TGBOT officially provided by GMGN.

Bullx is a decentralized trading platform covering six networks: Ethereum, Solana, BNB Chain, Arbitrum, Base and Blast. Its unique feature is that it provides two trading methods, web and Telegram bot, with key functions such as fast trading, limit order setting, smart MEV protection, new token sorting and filtering, and Pump Fun scanner.

Users can click "chain" to choose to view only the new currency updates of Solana and Ethereum chains. Click "New Pairs" to display the latest 30 tokens monitored online. The earliest token on this page is usually online 2 minutes ago. The indicators that can be viewed are token creation time, token liquidity, market value, number of transactions, transaction volume and basic contract security reports. Bullx will highlight abnormal data so that users can discover new alpha coins as soon as possible.

In addition, Bullx also opened a special "Pump Vision" column, which displays the token dynamics on Pump.fun and Moonshot in three categories: new pool, internal market about to be filled, and just filled. Users can also filter tokens again under each category based on dimensions such as dev holding ratio, number of currency holders, liquidity, trading volume and market capitalization.

Judging from the feedback of community users, the advantages of Bullx are smooth interaction, outstanding advantages in viewing new coins that appear within a few minutes, and the ability to support pending order transactions. However, the disadvantage is that sometimes lags occur, and there is no smart money identification function, so only basic position structure analysis can be performed.

In terms of fees, BullX charges 1% per transaction, and if users sign up through referrals from other users, they can enjoy a 10% fee discount, which means BullX deducts a 0.9% fee. BullX also has a currency issuance plan, and the second season airdrop plan is in progress. Users can receive corresponding rewards based on accumulated early bird points. Not long ago, Whales Market announced the listing of BullX (BULLX) on its Pre-Market.

Follow orders

Copying is a group phenomenon that cannot be ignored in the meme currency market. Many meme currency traders hope to grasp the status of smart money transactions as soon as possible. Both GMGN and NFT Sniper have the ability to build their own watchlists.

Click "Track" on the GMGN page to view the list of wallets you are tracking. Click "Activity" to display the trends of the addresses you are following in chronological order. While GMGN provides address trends, it also displays the purchase cost of the wallet address you are following. Realized profits and unrealized profits.

In addition, GMGN has also set up a "Following" column at the bottom left of the page to allow users to capture smart money trends at the first time.

Some tools provide more concise feedback on address changes, giving users a more responsive experience. Some tools have some stage advantages, such as identifying more comprehensive KOL addresses.

trade

The tools GMGN and Bullx mentioned above both provide trading functions. The following pictures are the trading interfaces of GMGN, Bullx and a certain tool respectively. All three have basic custom slippage, smaller fixed amount buying, and batch Functions such as selling are somewhat different in terms of specific experience.

GMGN displays the real-time profit situation near the trading operation button, which can assist users in deciding the need to sell based on the profit situation. Another tool can provide functions such as multi-wallet synchronization operations and random amount transactions within a set range, which is suitable for users with more customized transaction needs. Bullx allows users to place trading orders, but considering that the liquidity of meme currency trading pairs is generally not deep enough, for some meme currency players, the pending order function is of little practical use.

For the trading needs of mobile devices, the above tools are equipped with corresponding TGBOT services. Some meme currency players also use specialized trading bots, such as Pepeboost, Bonkbot, MaestroBots, Trojan and CAshbot.

Since using bot tools requires a layer of service fees, but most meme coins have a small market value and are more suitable for users with small capital to participate, players also need to make some balancing considerations in terms of speed and cost.

In general, the meme currency market places higher demands on traders’ keen insights and quick responses. Using tools can greatly improve a trader's chances of survival and profit in the meme currency market. But learning to use these tools is only the first step. Real success also requires a lot of time and energy to develop a deep understanding of the meme currency market. Readers need to analyze and apply it according to their own specific situations and cannot blindly copy it.

Finally, the cryptocurrency market is a high-risk and volatile market, and this is especially true for the memecoin market. This article only provides some reference information for readers who have meme currency trading needs, but it cannot guarantee the winning rate of the transaction. Traders should remain fully cautious and do not make investments that exceed their risk tolerance.

(The above content is excerpted and reprinted with the authorization of our partner PANews, original text link | Source: BlockBeats)

Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.

〈Advanced tutorial for "Meme Coin Hunter": What are the super practical tools? How to master the operating skills? 〉This article was first published in "Block Guest".