Recently made hundreds of thousands of U in meme, don't be jealous or envious. Today, I will organize a tutorial on how to invest in meme tokens, covering logic, tools, screening, trading, skills, and mindset from multiple aspects. Even beginners can quickly get started in the meme market.
1️⃣ What is a meme token?
Meme tokens, also known as meme coins, are continually popular for a simple reason: low entry barriers, strong wealth creation effects, and many stories.
For example, well-known tokens like shib, doge, PEPE, wif, etc. These tokens may have initially just been a joke, a meme, or even just a trending word, or a simple logo, or a hot news story, and they have no inherent meaning. As their popularity grows, FOMO (Fear of Missing Out) causes everyone to rush in, driving the price up, often resulting in early users reaping significant rewards. I remember the internet IP 'Sad Frog' PEPE created more than 200,000 times its value in half a month.
2️⃣ Where to find meme tokens?
Some common chains for meme tokens include Ethereum, Base, Solana, BSC, and Sui. These are common chains where meme tokens gather.
3️⃣ Common terms in meme token trading
In this circle, you will often hear some terms that sound confusing. Here are some common definitions:
1. FOMO
Fear of Missing Out, referring to the anxiety of missing a certain opportunity, leading to actions taken without considering consequences.
2. Pi Xiu
Can only buy but not sell; once bought, it goes to zero. This situation is usually intentional by the project team and constitutes fraud.
3. Sniper
During a normal trade waiting to be packed, a sniper bot completes the transaction before the investor by setting a higher Gas fee. After the investor buys, it quickly sells for profit. The sniper completes the transaction first, which causes the investor to buy at a high price, allowing the sniper to earn the price difference.
4. Golden Dog
High-quality meme tokens, with large price increases, high market capitalization, and potential.
5. GAS
Miner's fee, a fee that must be paid for every transaction on the chain. The higher the set Gas value, the faster the transaction is completed.
6. K
Represents a thousand; 1K (Thousand) = 1,000.
7. M
Represents a million; 1M (Million) = 1,000,000.
8. PVP
Refers to the mutual harvesting of a fixed group, describing a 'fast running' game in the absence of new funds entering.
9. Honey Pot
Similar to Pi Xiu, funds can only go in and not out.
10. ATH
Abbreviation for All-Time High, meaning the highest historical price.
4️⃣ Meme token discovery tools:
Pepeboost: A TG bot designed by scientists, equipped with early project discovery functions.
OKX Meme Coin Hunter: A feature of the OKX Web3 wallet, capable of real-time tracking of meme coin data on the chain, supporting one-stop trading.
Cryptohunt: A Web3 intelligent investment research platform that can discover the hottest and earliest projects based on Twitter KOLs.
Memego: Equipped with on-chain monitoring, social monitoring, and other functions, it can also view KOLs who purchase the same meme coin.
5️⃣ Tracking smart money in meme tokens:
GMGN: Status of meme coin front-row sniper address holdings, including smart money, new wallets, KOL/VC holdings, and mouse warehouse data.
Debank: Supports multi-chain assets, whale wallet crypto investment portfolio tracking, etc.
Arkham: Provides detailed data on wallet addresses, such as transaction history, P&L statements, asset trends, and asset composition ratios.
Zapper: Can view real-time on-chain hot trends, including project popularity, trading situations, etc.
0xScope: A visual trading tracking address tool that monitors the flow of funds in and out.
Bubblemaps: A visual analysis of the number of tokens held by wallet addresses and their fund relationships.
6️⃣ Professional data dashboards for meme tokens
Dex screener: A data aggregation platform focused on DEX.
Birdeye: Similar to Dex screener, a multi-chain aggregator.
DEXX: Combines the advantages of CEX and Bot, suitable for mobile operation, supporting limit orders, pending orders, automatic doubling of investment, etc.
DEXTools: Tracks important data, such as token and liquidity pool data.
http://ave.ai: Real-time DEX data, price alerts, Smart Money, KOL, sniping, and following.
Solscan: A blockchain explorer for the Solana network, where you can query wallet addresses, token issuance, holder distribution, transaction records.
7️⃣ Meme token trading tools
Wallets (Common wallets for Sol chain):
http://phantom.app
Can add Sol chain: OKX, backpack, Trust wallet, TP.
Meme coin launch platforms:
http://Pump.fun: Top launch platform featuring multiple meme coins with astonishing price increases.
Moonshot: A feature launched by DEX Screener that allows players to issue their own meme coins.
Comprehensive trading platforms:
Logearn: An AI tool for following smart money in meme coin trading, with a high win rate.
Alpha Token: Monitoring mode to identify the next 100x meme token.
Dbotx: Fully automated trading bot, supporting multi-chain, includes following, sniping, limit orders, pre-sales, strategies, and monitoring.
Photon: The fastest trading platform on Sol chain, supporting limit orders, security checks, etc.
Nftsniper (Abot): A one-stop platform that supports token trading, contract checking, KOL holding monitoring, mouse warehouse alerts, holding profit statistics, and management.
TG trading bots:
Pepeboost, Fluxbot, Bonkbot, Maestro, Banana Gun, Trojan, Sol Trading Bot, BullX, PinkPunkBot.
DEXJupiter, Raydium.
8️⃣ Meme token security tools
Token sniffer: Supports 14 chains and can automatically detect and audit token risks.
Go Plus: Used to detect Pi Xiu coins, equipped with Token safety ratings, contract safety assessments, etc.
Scam Sniffer: Helps users detect and prevent phishing and malware attacks.
9️⃣ Special Reminder:
Countless memes appear every day, but astonishingly, 99% are just 'rug pull coins.' Only the remaining 1% are quality projects that may bring 500 - 1000 times returns. So, how do you find these top memes like seasoned speculators?
1. Check if it is a 'clean wallet.'
Typically, this means a newly created wallet that just transferred funds from an exchange. Always check if the token deployer's wallet has suspicious activities.
2. Check who holds the token.
If you find that almost all the token supply is concentrated in the top 10 wallets, it's a major danger signal. Ideally, no single wallet should hold more than 3% of the total supply.
3. Check the comment section of the token page.
Many experienced traders share valuable insights in the comments to help you avoid being deceived. Look for genuine feedback from old wallets with stable trading histories; these are usually good signs.
4. Pay attention to buying activities.
Frequent small purchases: Frequent small purchases may be a danger signal.
Large, infrequent purchases: However, if the purchase amounts are rare and exceed 1 SOL, it usually means safety.
Buyer's reaction when prices drop: Also observe how buyers react when prices drop. If they buy quickly, it's a positive sign.
5. Watch for suspicious activities.
Suspicious behavior can affect the token's credibility. Monitoring these activities helps avoid traps. I use @solscanofficial to check transfer history, which provides in-depth insights into holder wallets, showing held amounts and trading patterns to help identify abnormal activities or known scammers.
6. Keep in mind the risks and do DYOR (Do Your Own Research).
Now that you have mastered the tools and knowledge to analyze memes, the possibility of avoiding 'rug pull coins' has increased. However, remember that risks still exist, and you may still lose your investment. So, always DYOR before putting in funds! Stay smart and informed!
7. Always remember not to fall in love with the meme tokens you buy.
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