What tools do smart money use to play with memes? Here is an advanced meme tutorial

Written by: Joyce, BlockBeats

Edited by: Jack, BlockBeats

Amid the ups and downs of the market, the meme market has produced several more golden dogs. Several screenshots of orders with high returns on memes have begun to circulate in the community, but behind the few lucky ones, there are many runners-up who have been defeated repeatedly.

The meme market is a field full of opportunities and challenges. In addition to luck, traders also need to have comprehensive abilities such as market insight, the use of technical tools, psychological quality, and the flexibility to respond to changes in order to obtain satisfactory returns. Among them, the ability to use tools can be improved quickly. In this article, BlockBeats sorted out some on-chain analysis tools designed for meme transactions, which are suitable for meme coins with small market capitalization and not long ago, hoping to provide some help for traders who want to participate in the meme market.

Before reading this article, it should be noted that there are many kinds of meme tools on the market. Some tools have loyal communities and will pay more attention to maintaining existing communities and reduce their exposure on social media. Some are just starting out, with novel functions but may be less stable. Others need dialectical analysis of the signals they give because of the large number of users.

In addition, readers need to recognize the characteristics of the meme market, that is, the trading rhythm is fast, high returns are accompanied by high risks, and it is not a trading field suitable for everyone to participate in. Analysis tools can only play an auxiliary role to minimize the probability of stepping into traps.

How to get started: CA address analysis of holdings

The most common scenario for beginner meme traders is that after seeing a new meme coin in the community, they analyze the token from the aspects of security and chip structure to decide whether to trade. In this scenario, website tools and trading bots can provide help.

First, some basic information analysis.

The security of the token contract needs to be concerned, such as whether the token is a Pixiu disk, whether the contract is open source, whether the token permissions have been discarded, and whether there are risk warnings such as lock pools. In addition, information such as the token market value, the number of holders, recent trading conditions, and the number of holdings of 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 online monitoring tool GMGN provides other information about meme coins 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. The meaning of this information varies depending on the situation.

In the meme market where the pvp situation is becoming more and more intense, a deeper analysis of the token's holding structure is needed. Generally speaking, the trading situation of smart money, KOL and large coin 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 coin holders, and rat warehouses.

In addition, some monitoring tools based on TGBOT can also provide this function. If you pursue speed, you can first enter CA in the group with TGBOT to check the token holding situation in real time.

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

Advanced gameplay: filter addresses to increase certainty

There are some public smart money addresses in the meme market, such as high-win rate addresses 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 be blindly followed. Meme players need to build their own smart money attention list to better survive in the market. This demand can also be met by GMGN and other customized tools.

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

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

After selecting a batch of wallet addresses, you need to observe the recent transactions and profits of this wallet address. Many high-yield wallet addresses are not worth tracking, and they may just be 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 in the wallet, so as to analyze the "group" in which the wallet is located. On meme, some smart money addresses with information asymmetry will operate in several addresses during transactions.

Related reading: ""Dog King" becomes "Rat King": NEIRO's insider trading share is as high as 130 million US dollars, KOL collectively builds momentum"

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 use GMGN's "Followed" or some monitoring tools to check whether there are already followed wallets holding meme coins, so as to use them as a reference for trading.

Advanced gameplay: chain scanning + copy trading, pursuing a step faster

The transaction cycle in the meme market has been compressed to minutes, so speed is crucial to profit results, but at the same time, it should be understood that fast trading speed does not necessarily mean high profit returns, and sufficient judgment and analysis capabilities are required as support.

Usually, players compete in speed in three aspects, namely, discovering alpha new coins (chain sweeping), discovering the trend of smart money (following orders), and finally buying and selling (trading).

Chain sweeping

GMGN and Bullx are used more in "chain sweeping".

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

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

Users can click "chain" to choose to view only the new coin dynamics of Solana and Ethereum chains. Click "New Pairs" to display the latest 30 monitored tokens. The earliest token on this page is usually launched 2 minutes ago. The indicators that can be viewed are token creation time, token liquidity, market value, number of transactions, trading volume and basic contract security report. Bullx will highlight abnormal data so that users can find alpha new coins at the first time.

In addition, Bullx has also opened a special "Pump Vision" column, which is divided into three categories: new pool, internal disk is about to be full and just full, showing the token dynamics on Pump.fun and Moonshot. Users can also filter tokens again in each category according to dimensions such as dev holding ratio, number of coin holders, liquidity, trading volume and market value.

From the feedback of community users, Bullx has the advantages of smooth interaction, outstanding advantages in viewing new coins that appear within a few minutes, and the ability to support pending orders. But the disadvantages are that it sometimes freezes, and there is no smart money recognition function, and only basic position structure analysis can be performed.

In terms of fees, BullX will charge 1% for each transaction. If the user is recommended by other users to register, they can enjoy a 10% fee discount, that is, Bullx deducts 0.9% of the fee. BullX also has a coin issuance plan, and the second quarter airdrop plan is underway. Users can get corresponding rewards based on the accumulated early bird points. Not long ago, Whales Market announced the launch of BullX (BULLX) on its Pre-Market.

Copying orders

Copying orders is a group phenomenon that cannot be ignored in the meme market. Many meme traders hope to be the first to grasp the smart money trading situation. Both GMGN and NFT Sniper can create their own follow lists.

Click "Follow" on the GMGN page to view the list of wallets you follow. Click "Activity" to display the movement of the addresses you follow in chronological order. GMGN not only provides the movement of the addresses, but also displays the purchase cost, realized profit and unrealized profit of the wallet addresses you follow.

In addition, GMGN also set up a "Followed" column at the bottom left of the page to allow users to capture smart money movements in the first place.

Some tools provide more concise feedback on address changes, and users will have a more agile experience. Some tools have some staged advantages, such as more comprehensive identification of KOL addresses.

Trading

The tools GMGN and Bullx mentioned above both provide trading functions. The following figures are the trading interfaces of GMGN, Bullx and a certain tool. All three have basic custom slippage, smaller fixed-amount purchases, batch sales and other functions, and there are some differences in the specific experience.

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

In terms of mobile trading needs, the above tools are equipped with corresponding TGBOT services. Some meme players also use special trading bots, such as Pepeboost, Bonkbot, MaestroBots, Trojan and CAshbot. BlockBeats once introduced several mainstream trading bot tools in "Solana's God Plate is Continuous, Trading BOT Has Been Making Crazy Money".

Because the use of bot tools requires a service fee, but most memes have a small market value and are more suitable for users with small capital, players also need to balance speed and cost.

In general, the meme market places higher demands on traders' keen insight and quick response. Using tools can greatly increase traders' chances of survival and profitability in the meme market. But learning to use these tools is only the first step. Real success also requires a lot of time and energy to cultivate a deep understanding of the meme market. Readers need to analyze and apply according to their own specific circumstances, and cannot blindly copy.

Finally, the crypto market is a high-risk and high-volatility market, especially the meme market. This article only provides some reference information for readers who have meme trading needs, but it cannot guarantee the trading success rate. Traders should be fully cautious and not invest beyond their risk tolerance.