In just 2 months, I made 300K with $SOL meme coins.
This success was possible thanks to simple yet effective methods.
I developed a strategy for selecting and analyzing tokens with 100x potential
It's not that complicated. Here's my step-by-step guide 👇🧵
Now we have vast opportunities for earning money, but a huge number of people are involved in the current market
You might think that in such a crowd, it's easy to get lost and, due to high competition, difficult to achieve anything.
But...
Truth: Most people lack persistence and diligence.
This prevents them from achieving success, as results come only to those who truly apply themselves.
Today, I'll show you how to outperform 90% of people using a simple tool, though most won't even finish reading this thread...
1/ Today's tool: Solscan.
Solscan is a blockchain explorer used to search through data on the Solana blockchain.
It might seem simple, but most people are using this tool incorrectly.
Here's how to outperform 90% of degens 👇
2/ What can we use Solscan for?
- Searching for new coins
- Searching for smart contracts
- Tracking Insider/Whale wallets
- Tracking DEXs
Now, let's delve into the details...
3/ Almost all meme coins start trading on Raydium, so:
- Go to: http://solscan.io/amm/raydium
Here's what to focus on:
- Launch dates
- 24h volume
- Contract
- Transaction Overview
- TOP holders
- Markets
- Analysis
Next, I'll cover how to utilize this information in detail
4/ First, let's check contract
- Copy CA
- Go to: http://rugcheck.xyz
- Paste CA
5/ Top Holders
- There's one rule here: The top 10 holders should not possess more than 30% of the total supply. Otherwise, they could crash the token's price to zero
P.S. It's normal for a CEX to hold a large percentage of the supply.
6/ How to identify Insider Wallets
- To do this, analyze the top 100 holders, identifying those who bought earliest and in large volumes.
For analyzing their wallets, use: @ CieloFinance
7/ Never act blindly; always remember to DYOR (Do Your Own Research).
- Explore the project's social media platforms.
- Analyze the community and its level of engagement.
- Investigate how the team is developing their project, etc.
THAT'S IT FOR TODAY. HOPE YOU LIKED IT 👍
