Is the bull market coming? The new coin increased 10 times in 10 minutes, and the market value exceeded 1 billion US dollars in 10 days.
Written by: Biteye core contributor Viee
Editor: Crush, core contributor of Biteye
On November 11, Binance launched two small-cap tokens, $ACT and $PNUT. Both tokens performed very well, with $ACT increasing 10 times in 10 minutes and $PNUT exceeding $1 billion in market value this afternoon, less than 2 weeks after its launch.
According to the on-chain data monitoring platform Lookonchain, within just 2 seconds after Binance announced the launch of $ACT, one address quickly bought 10.9 million ACTs for $320,000. After ACT rose rapidly, the profit of this investment quickly soared to $3.4 million (about RMB 24 million).
Is it possible for a newbie without a technical background to make money through news arbitrage? The answer is yes.
Today we will focus on arbitrage based on Binance coin listing news 🤔 Newbies and veterans can get on board! 👇
01 The news is timely enough, pay attention to the news channel first
Recently, Binance has been listing coins at a much faster pace, and the listing conditions are very different from before. To sum up, the market value is not high, the community is hot and has a narrative, and it is circulated in second- and third-tier cities.
How to catch useful news in time? I recommend Fangcheng’s Telegram https://t.me/bwenews or Layergg’s Telegram https://t.me/layergg , and pin it to the top of the Telegram and turn on notifications.
02 Be familiar with the ecosystem and use tools flexibly
Most of the coins listed on Binance recently are Meme coins on Solana, of course there are also $cow on Ethereum and $cetus on Sui.
1. Everyone should be familiar with Solana's ecosystem. If you are using a coin on Solana's ecosystem, you need to react quickly, and tools are extremely important. I recommend you use TG bot by @gmgnai and @PepeBoost888. In this case, it is best not to use Jupiter or Raydium, as they will be slower than others.
Use the GMGN website to trade popular tokens and snipe new coins
2. In addition to Solana's coins, coins on other chains will give more arbitrage time, such as $cow and $cetus, which were launched at the same time. The cow coin is based on the dual chains of Ethereum and Gnosis chain, and the cetus coin is on Sui.
When you see the news of a coin being listed, open @CoinMarketCap to mainly check whether the coin is multi-chain and whether there is a price difference between the exchange and the chain.
Next, it is recommended to use @dexscreener to view the price K-line. If it is multi-chain, you can turn on the multichart function to view multiple K-lines at the same time.
3. This type of arbitrage must be completed in a short enough time, usually only 3-5 minutes. When there is a price difference between different chains, or there is a price difference between the exchange and the chain, arbitrage can be achieved by buying low and selling high.
03 Example Introduction
The first example is $cow :
1. After seeing the news of the listing, go to @CoinMarketCap to check if there is a price difference. You will find that the price difference between the Ethereum chain and the exchange is not big, but it is multi-chain.
2. Next, open @dexscreener and find that the price on the gnosis chain is cheaper than ether. At this time, you can buy at a lower price and sell at a higher price across chains. First, choose the official bridge. The cross-chain time is 3 minutes, which is not too long, so this cross-chain transaction is feasible.
The second example is $cetus :
The characteristic of $cetus is that there is a clear gap between the price on the exchange and on the chain. If there is money on the chain, just buy it and sell it on the exchange. If there is no money on the chain, you can withdraw the coins directly to the chain. Sui chain is also very fast, and there is still a chance to get it done within 2 minutes.
The third example is the recently popular $Pnut and $ACT:
$Pnut and $ACT are the ones that will make a lot of profit if you buy them as soon as you see them. If you buy them late, the profit will be much less, because the time left for everyone to operate on Solana and Ethereum chains will be very short, and many automated tools will rush to buy them. If you have the ability, you can also arbitrage by running scripts to rush to buy them, but it is quite complicated and I will not elaborate on it. Most people can't beat the automated tools, so be cautious when chasing high prices.
The arbitrage time for coins on other chains is about 3-5 minutes, which is enough time to take action immediately after completing the investigation.
04 Conclusion
The tools mentioned above are all in the Meme coin tool mind map recently compiled by Biteye, and there are nearly 40 other types of tools. Covering on-chain monitoring and transactions, including discovering Meme coins, tracking smart money, data dashboards, trading tools, security tools, etc. Welcome to read 👇
How to discover 100x opportunities? A complete list of Meme coin tools!
