Market trends are pushing traders to come up with new ways to make money.
Right now, only memecoins offer an easy 100x return.
Tracking insider and Smart Traders who buy coins in the early stages will help you get in on those opportunities.
Right now, you have access to a wide range of tools that can help you track insiders and understand where theyâre investingâmuch more than even a year ago.
But youâll only need a few, the ones I personally use.
Hereâs what youâll need:
A watchlist, analysis tools, and buying methods.
1/ Start by searching for successful traders.
Visit @dexscreener and look for the latest successful coins.
In those coins, go to the "Top Traders" tab and select a few wallets.
Pay attention to when each trader made their purchases.
2/ Next, you need to analyze them.
Your goal is to find wallets that bought the token before the pump.
I use @solanasniffer for thisâjust paste the wallet into the search bar.
By analyzing all the wallets this way, you can get valuable insights.
Pay close attention to Realized PNL and WinRate.
3/ Tracking wallets
After selecting a few wallets, youâll need a bot to notify you of all their transactions.
My favorite is @RayBot_sol.
It lets you receive notifications about the transactions of the wallets youâve added to your watchlist.
4/ When you see the first purchase from your tracked wallet, analyze the token.
This step is crucial to avoid scams and losing money.
Simply check the smart contract using @Rugcheckxyz.
Make sure itâs safe, and then continue with your analysis.
5/ Social media.
Social media is a crucial aspect of researching any meme coin, as its promotion heavily relies on influencers.
Use the @getmoni_io platform to check Twitter.
Analyze the audience quality and look for strong influencers.
6/ Trading bots/platforms
After completing all the checks and ensuring the token is safe, proceed with the purchase.
I use @bullx_io, as itâs currently the fastest platform out there.
And of course, sometimes I have fun in the trenches too.
7/ Manage your risks.
Memecoins can bring quick profits, but they are VERY risky assets.
Just as easily as you can become a millionaire overnight, you can lose everything.
However, if you manage your risks properly, that wonât happen.
Never invest more than 1% of your total deposit into memecoins.
I hope my article was helpful, if so, please :
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