I've earned enough on
$SOL memecoins.
My secret? I've mastered one FREE tool that almost no one knows how to use.
Thanks to it, I've found several 10x-1000x plays.
Here's a 5-minute guide on how to use it.
➮ We are in the greatest bull run in history where dozens of chances to earn appear daily
✧ You might think that due to high competition, you won't be able to chase them, but...
✧ It's easy to be great nowadays cause most people are weak, they don't want to delve deep or do research even though all the info is right on the surface
Where? On-chain data is all you need
➮ To find on-chain data we need a Solscan
✧ Solscan is a block explorer that allows you to look at on-chain data on SOL
✧ You might say it's an obvious tool, but no one uses it the right way cause it requires a bit of patience and thinking
✧ But with it, you'll be finding gems every day
Let me show you how to do it 👇
1/➮ First, let's go through the main things we can use Solscan for:
1. Tracking Insider/Whale wallets
2. Finding new coins
3. Finding smart contracts
4. Tracking DEXs
Now let's dive in more👇
2/➮ Where to start ur research?
✧ Since absolutely all meme tokens are initially traded mainly via Raydium, we will start with it.
✧ Visit solscan.io/amm/raydium
✧ Look at launch dates, 24-hour volume
Find which meme tokens are currently trending and choose 4-5 of these
3/➮ What do you need to know about the token?
- Markets
- TXs
- TOP holders
- Analysis
- Contract
Now let's move on to how you can use this info
4/➮ Holders
✧ The main thing you need to know:
✧ Any token's top 10 holders should not have more than 30% of the total supply, otherwise, they could crash the token to 0
✧ But remember, if a CEXs holds a large %, that's normal
5/➮ Now we can find whales/insiders:
✧ For this, we look at the top 100 holders:
• Find who bought early
• Find who bought in large amounts
Analyze their wallet using @CieloFinance, look at their PNL, and repeat their deals
6/➮ Also, always check the token's contract to avoid scams such as rug pulls, etc.
✧ To do this, we will use: rugcheck.xyz
Just copy the CA of the token you found and paste it into Rugcheck
7/➮ Doing such research and studying the moves of various smart degens will give u a big edge and the ability to outperform 90% of people
✧ You will be able to learn how degens spread their bets, what they prioritize, and how they use different strategies
But also remember 👇
8/➮ Never blindly trust the wallets you find, no matter how good their deals might seem
✧ Always DYOR:
- Check the project's Twitter and see who follows it
- Join the community and observe it
- See if the team is actively working on the project
I spent a lot of time writing this article, trying to make it genuinely useful for you, so if it's not too much trouble, please follow me, share, leave a comment, or simply hit like 🤍
#Memecoins #Solana #BitEagleNews #MemeWatch2024