Recently, the most discussed topic in the community is that @brc20niubi copied MEME and earned 70wU
How can we also discover high-quality MEME like him?
Here is a cheat sheet for using Dexscreener:
1. What is DEX Screener
DEX Screener is a website for viewing information about tokens on the chain. It supports various shared chains, but it is not responsible for token transactions itself. Instead, it is information integration. For transactions, you can jump to the DEX dedicated to each chain through the platform.
DEX Screener official website: https://dexscreener.com/
2. How to find new coins through DEX Screener
After entering DEX Screener, find "New Pairs" on the right side of the homepage. This is the new coin section.
Then on the pop-up page, click "Filters" in the upper right corner. This is the function of filtering tokens.
Set the following parameters:
· Liquidity: 20000
· Market cap: 50000 (MIN)
· Pair age: 48 hours (Max)
· 24H buys: 50 (MIN)
· 24H buys: 30 (MIN)
· 5M Txns: 20 (MIN)
This way, you can filter out new coins with active trading volume.
3. Check the basic information of the token
In DEX Screener, select a token at random and click in:
· Below K, we can see the transaction data:
Transaction: transaction record
Top Traders: top traders (very helpful for tracking whale and smart money transactions)
Holders: holders
Liquidity Providers: liquidity providers and other information
· On the right side of the K line, you can see the information of the token, from top to bottom:
Token name (including contract address)
DEX where the token can be traded
Token logo
Token social media information
Token price (U-based, coin-based)
Liquidity (locked, tokens are locked), FDV, market value
Rise and fall
Buying and selling
Star, alert
4. Risks of MEME
MEME itself is a highly volatile thing. We should not just see others eating meat, but not see others being beaten. We must trade within our tolerance range.
