You can find new meme coins early by using crypto market aggregators like CoinCodex. Then, you can analyze their on-chain activity through tools like Etherscan, DEXTools, DeBank, DexCheck, and Dune Analytics. Finally, it's usually a good idea to check social media platforms like Twitter to evaluate the meme coin's community.  Even though crypto still hasn’t fully exited the bear market, the meme coin season is in full swing. We’ve seen dozens of new meme coin projects launch this year in hopes of becoming the next Pepecoin or Shiba Inu. Practically all popular memes now have a meme coin equivalent that’s looking to capitalize on the meme coin mania. However, given the fast-paced developments in the meme space, it can be hard to capitalize on new trends. Most investors learn about new meme coins when they've already reached a critical mass of investors, and from that point on, it's difficult to see massive gains or any gains at all. When you find a new meme coin that you believe could be a good buy, it’s important to analyze it from multiple perspectives.In this article, we’ll show you the tools you can use to identify new meme coins, analyze their on-chain activity, and evaluate their community. This approach will provide you with a lot of valuable information that will give you a better chance of picking winners.Use CoinCodex to find meme coins with potentialOur platform can be useful as a starting point to find the next meme coin to explode. For example, you can use our trending cryptocurrencies section to find which cryptocurrencies are the most popular among CoinCodex users. If you find a low-market cap meme coin that’s ranked high on our trending page, that could be a signal that it’s gaining popularity and could have growth potential in the future.In our undervalued cryptos section, you’ll be able to find cryptocurrencies that are potentially undervalued based on their technical indicators, primarily RSI (Relative Strength Index). After finding a coin, you can go to its prediction section to quickly check what the most important technical indicators are signaling. On CoinCodex, you can view indicators like moving averages, RSI, MACD, and more for all listed cryptocurrencies. This tool can also be useful for analyzing already popular meme coins like Shiba Inu and Pepecoin.We also have a page dedicated to meme coins, where you can find the meme coins listed on CoinCodex. This is a good way of getting a quick overview of what’s happening in the meme coin markets and how the top meme coins are performing. If you’re feeling especially adventurous, you can check out our new crypto page, where you can find the latest cryptocurrencies listed on CoinCodex. Please not that this section may include projects that have only been around for a few days.   Track activity on the blockchainWhen evaluating cryptos, it’s crucial to check their on-chain activity. Most new meme coins are not listed on centralized cryptocurrency exchanges, so monitoring the activity of token holders and liquidity pools of decentralized exchanges is extremely important. Here’s five tools you should get familiar with if you’re trying to find the next meme coin to explode.1. EtherscanEtherscan is the most popular Ethereum block explorer in the world, and for good reason. It provides a truly comprehensive overview of all the activity on the Ethereum blockchain, and can provide extremely useful information when used correctly. Use Etherscan to check the activity of the token’s biggest holders or wallets belonging to the project’s team. If they are selling, it’s probably not the best idea to buy the meme coin you’re analyzing. Another great feature of Etherscan is that it allows you to quickly check how many wallets on the network are holding a particular token. This is a good way to quickly evaluate whether a meme coin is gaining popularity or whether it has already peaked.If you’re trying to analyze a meme coin that’s not on the Ethereum blockchain, there’s also plenty of other tools available on the market. For example, BSCScan is a good explorer for BNB Chain, and Solscan is a strong option if you’re looking to check activity on the Solana blockchain.  Key features: Token tracker: Allows users to track the price, volume, and market cap of any ERC-20 token, which is the most popular token standard among meme coins.Transaction tracking: Lets users track the status of any Ethereum transaction, as well as view detailed information about the transaction. This can be useful to see if shady things are going on with a new meme coin.Smart contract analysis: Etherscan allows users to view the source code of any Ethereum smart contract, as well as track all transactions and events associated with the contract. This can provide valuable insight into any potential security risks.Account balance and token holdings: Allows users to view the ETH balance and token holdings of any Ethereum address. This can be helpful for users to track their own assets and to identify any suspicious activity.2. DEXToolsDEXTools is a platform that makes it easy to monitor what’s happening on decentralized cryptocurrency exchanges. By using the platform, you can find the most viewed trading pairs, the biggest daily gainers, and more.By using DEXTools, you can also find a list of all liquidity pools for any meme coin you’re interested in. The platform can be very useful for evaluating the state of the market for a coin you’re analyzing and checking its trading volume, biggest liquidity providers, and more. Key features:Real-time market data: DEXTools provides real-time market data for a wide range of DEXs and tokens, including price, volume, and liquidity. This data can be used to make informed trading decisions, especially when trading meme coins.Charting tools: It offers a variety of charting tools, including candlestick charts, line charts, and OHLC charts. These tools can be used to analyze market trends and identify trading opportunities.Whale tracking: Allows users to track the activity of large wallets, also known as whales. This information can be used to identify potential market movements and to avoid getting caught in pump-and-dump schemes.Alerts and notifications: DEXTools allows users to set alerts and notifications for specific events, such as price movements, liquidations, and token swaps.3. DeBankDeBank is a platform that provides a DeFi portfolio tracker. You can use it to check which tokens a particular blockchain address is holding and all of its transactions. If you’re wondering how to find new meme coins early, one of the best ways of doing so is tracking the activity of “smart money” addresses that have made highly profitable moves in the past.For example, it might be worth it to check meme coins that have displayed big price increases in the past, and find addresses that bought them early. You can check these addresses on DeBank to see if they are buying any new meme coins. Learning about the moves made by the most profitable traders is one of the best ways to increase your chances of succeeding in the market.Key features: DeFi dashboard: DeBank offers a comprehensive DeFi dashboard that provides users with a real-time overview of their crypto assets, including token balances, staking positions, and more.Web3 messenger: Lets users directly communicate with any 0x address, enabling seamless engagement within the Web3 ecosystem.Bundle tracking: DeBank allows users to track multiple addresses in a bundle, which is useful for traders and investors who want to track the performance of different portfolios.Alerts and notifications: Allows users to set alerts and notifications for specific events, such as price movements, liquidations, or token swaps.4. DexCheckDexCheck is a platform that aggregates data from decentralized cryptocurrency exchanges. Meme coins are usually initially launched on decentralized exchanges, which means that monitoring the activity on DEXes is crucial to catching new meme coins in their early stages. You can track decentralized exchange data on various blockchains, including Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum and several others.For example, you can use DexCheck to easily find today's biggest gainers on decentralized exchanges across the Ethereum network. The DexCheck platform also features a crypto whale tracker feature, which lets you see the transactions being made by large holders. This can help you identify meme coins that are being bought up by whales, which can be a sign that they will increase in price.Key features:Token research and due diligence: DexCheck offers comprehensive token research and due diligence capabilities, providing users with access to detailed information on tokens, including their background, technology, team, and market performance.AI-powered insights: The platform leverages artificial intelligence (AI) to provide users with valuable insights into the crypto market.Smart money tracking: Allows users to track the activity of large wallets, also known as smart money. This information can be used to identify potential market movements and to follow the trades of successful investors.5. Dune AnalyticsDune Analytics is a platform that allows users to query on-chain data and display it visually with a variety of chart types. You can access various dashboards on Dune Analytics that track on-chain activity related to meme coins. Depending on the dashboard, this data can be quite complex, but it can give you an edge over other market participants who aren't paying attention to the details.Getting familiar with Dune Analytics is very valuable for all crypto investors, and not just those interested in meme coins. If you have some SQL skills, you can even use the platforms to create your own dashboards. Key features: User-friendly interface: Dune Analytics has a user-friendly interface that makes it easy to get started, even if you are not familiar with SQL or blockchain technology. Comprehensive data: Provides access to a comprehensive set of blockchain data, including on-chain transactions, smart contract events, and token transfers.Community-driven content: The platform has a large and active community of users who contribute to the platform by creating and sharing queries, dashboards, and other content.Monitor the crypto community on social mediaIf you’re wondering how to find meme coins early, it pays off to be active on social media platforms such as Twitter. There’s also tons of Telegram and Discord communities for crypto investors, where you can potentially find useful information. For example, a useful Twitter account to follow is Lookonchain, an account that tracks the on-chain transactions made by “smart money” addresses. You can add the addresses featured by the account on a list and track them yourself using tools like DeBank or other DeFi portfolio trackers.By staying in touch with the crypto community, you can identify which cryptocurrencies are gaining traction and attracting new users. However, it’s important to be able to distinguish between organic activity and inorganic activity on social media. Many projects try to artificially boost their online presence through bots, which inflate their engagement metrics such as likes and comments. In addition, they may be paying influencers to promote the cryptocurrency to their followers.Unfortunately, there’s no 100% certain way to tell the difference between organic and inorganic content on social media. However, after you spend some time in the crypto community, you’ll become much better at telling the difference between projects that the community is truly excited about and projects that are being propped up artificially.For example, if you see that a project’s tweets have an abnormally high number of likes, comments, and retweets, and most of the comments are repetitive, low-effort responses, the project might be using bots to create a false sense of engagement.If you’re just getting started with crypto, it’s probably best to just observe the community for a while in order to get a sense of what kind of projects tend to succeed, and which projects are best to stay away from.The bottom lineThere’s dozens of new meme cryptos entering the crypto market every day, and it can be hard to navigate the market if you don't know where to begin. Hopefully, we have given you some useful tips on how to find the next meme coin to explode. It is worth noting that the tools we have featured in this article can be used to evaluate any cryptocurrency and not just meme coins. You should keep in mind that investing in meme coins is extremely risky, as they typically have no fundamentals or utility to fall back on. Their price movements are almost entirely based on pure speculation, and many meme coins have low liquidity, making it possible for a few whales to drastically impact the price. Always consider your financial situation before making an investment, and never invest more than you can afford to lose.#Meme #dyor