This will be a must-read tutorial for your venture into meme coins! Please read it carefully! (From X_ Fencun, the content is very good, sharing it here)

First, it must be clear that to make money on-chain, you need to learn to integrate all the information you know, piecing it together to gradually increase the probability of making money. From 1% to 90%, every little piece of information and detail will slowly raise your success rate. When you have integrated all the information, doesn’t that increase the chance of making money?

Use the tools in your hands well, use GMGN to check returns and the source of funds. Every word I will discuss next must be read carefully. This is worth your spending 10 minutes to finish and a day to review and study.

Analyze from several dimensions.

What information do you need to know to increase your success rate?

1. Avatar 2. Name 3. Narrative 4. Source of funds 5. Whether the wallet has JUP DCA transactions USDC transactions 6. Wallet transaction history 7. Wallet age 8. How to judge insider wallets 9. Whether the trading method tokens were sold or transferred?

123 I believe everyone has enough understanding. I believe that from 4 to 9, very few people will talk about it, as it will harm most people's interests, including my own. Next, I will start from the source of funds and gradually increase your winning rate, and I will also introduce many mixers or cross-chain bridges.

Starting from 4, the tools used here are GMGN and solscan, as GMGN allows you to see the source of funds, so using GMGN directly will be very convenient.

Look at the source of funds and then click on the adjacent sol icon to jump to solscan. Why look at the source of funds? Because most conspiracy schemes or premeditated schemes will use mixers or cross-chain bridges as their source of funds for launching, which we collectively refer to as mixers. Below, I will list a few.

1, G2......wd3t Famous scam wallet, also a hacker's favorite. Most of the stolen funds flow into here and are then dispersed away.

2, 9o......WQkE

3, 7F......9xTo

4, DQ......RmsR

5, 5n......HEPs

These people usually use these mixers or cross-chain bridges, apart from exchanges, as their source of funds to prevent tracking. When there is a source of funds for launching, extra attention should be paid. Small details usually indicate that if a market maker wants to grow strong, they will typically first make a transaction of 0.1.

This transaction is usually used by large transaction individuals to confirm that their clipboard has not been compromised, fearing that large amounts of funds might be withdrawn incorrectly (just like we usually transfer a small amount first). Many experts have fallen victim to phishing due to similar addresses at the beginning and end, so this is a good habit of market makers, and you should pay extra attention when you encounter it.

About 5, whether the wallet has JUP DCA transactions. First, you need to know that very few people will use jup transactions on pump coins. There are essentially two types of people who use jup transactions: large players and market makers.

When you see large orders traded via jup, it's because large jup transactions have very low fees, and it’s rare for big players to let bots take 1%. So when you see large transactions, it indirectly confirms that there are big players in this market. Then check their wallets to see if they are for profit. If the wallet is not for profit, then it is likely a market maker's trading or self-trading wallet.

If there are large amounts of UDSC and multiple operations across one or more markets not aimed at profit, it should be DCA operations. I won’t explain DCA here; please refer to jupswap.

About 6, wallet transaction history. Wallets can disguise themselves, and market makers will improve. In the past, market makers launched with small tokens; now many wallets look like they are skilled at losing money, but are they really losing money?

Many market makers now do not use new wallets to launch; instead, they will first nurture the wallet for a while, check the returns with GMGN, and find that they have been slightly losing. Suddenly, they take in a big one, several hundred k or up to 1-2M in returns. Do you really think this is a prodigy?

There aren't so many stories of getting rich overnight, nor so many prodigies. The purpose of nurturing wallets is to confuse you, making you think they are not insider wallets and that they are skilled at losing money, so don't be so naive as to give them money.

About the annual limit of 7 wallets. This is something that few people pay attention to. Recently, many major wallets, such as GOAT's many associated wallets, have their earliest transaction from a few years ago. I'm too lazy to look for too many examples, but if you look through each major wallet, you will definitely see it.

If a project's wallet has more than 3 wallets, and the earliest transaction is from at least 2 years ago, you need to pay extra attention. What kind of person would create a sol wallet two years ago? Could it be retail investors? There is a probability, but it is very small.

About 8, how to judge insider wallets. Withdrawals from non-domestic exchanges, such as Kraken (I won’t cite too many foreign exchanges; there are also many from cb exchanges or cb hot wallets). Suddenly receiving a large sum of money before a project launches, and then starting various trades and pump actions. It only takes 10 seconds, and you may see a large bullish candle. What you need to pay attention to are the large orders and what the pump wallet is, the source of funds, what trades are used, and how many associated wallets there are, to summarize.

By the way, over 80% of the funds for pump rug pulls come from bn, as most are domestic or trashy foreigners, and there are already bots specifically for automatic launching that open hundreds of projects daily, earning a little each time, which can be quite lucrative. Post one that makes ten thousand, and post ten, that’s a hundred thousand.

About 9, the so-called dumping you see. Have all of the market maker's tokens been sold? Have you followed the wallets in the front row? Is it possible that half were sold and half were dumped?

Many times, when market makers wash people, they dump; in the case of changing hands, they may dump part of it while the rest has long been transferred. You need to know that under a huge market cap, even having 0.1% of the token is already very valuable. Moreover, you must check whether the tokens in the front row are actually transferred or sold. Market makers like to use one wallet to dump, causing panic selling, and then transfer the funds from the second wallet. You might suddenly find that a front wallet is gone; it might not necessarily be sold; it could also have been transferred away, and then they use the third wallet to pick up the market panic selling.

When you click on their transactions, if it’s -100%, it means it was transferred away. It’s very difficult for a token transaction to lose 100%, even if it’s a loss, the most it can be is 99.999%. When you find that tokens are being transferred, immediately check which wallet it is. Often these wallets will accompany other tokens, possibly tokens that have not yet been launched. If you catch a market maker's wallet, when you see these unlaunched tokens, can't you ambush in? This is why tokens that others ambush take off while the ones you ambush sink.

After you have read all of the above, each stage can at least increase your winning rate for a project by 10%. Now you know why some people can make money while others lose, right? Just getting to the point, every word here is worth your time to verify and study. Get your hands dirty, think for yourself, and practice; that’s what we call a deterministic opportunity. It’s not about luck, feelings, or just talking. As long as it’s a market maker, there will always be details left behind. Capture these details that others cannot find, and you can reap 100x rewards. Skillful use of the tools in your hands can yield double results from half the effort. Use GMGN more often to analyze wallet addresses and returns, then start your trading.