Memecoins are no longer just a joke; they're serious money-makers. With the right strategy and a bit of conviction, even small investments can turn into massive profits. I’ve spent weeks tracking the insiders, and here's what I found.

💰 Memecoins: The Path to Massive Gains

- $WIF: A $100 investment seven days after launch turned into $1.8 million.

- $BODEN: $100 became $1.5 million in just five days.

These examples show that the potential for massive gains in memecoins is real. But how can you replicate this success?

🔑 Key Principles for Success

1️⃣ Don’t Become Attached to Your Trades

- Avoid attachment: Don’t fall in love with any specific blockchain or project.

- Follow the trend: Trade wherever the action is, be it Solana, Base, Ton, or another chain.

- Focus on profits: Your goal is to make money, so always go where the trend is hot.

2️⃣ Track Smart Money

- Use @dexscreener: Identify tokens that recently pumped.

- Analyze top traders: Check the “Top Traders” section to find those who’ve made significant profits.

- Create a watchlist: Track 3-10 successful traders, monitoring their activities and profit/loss rates.

🔎 Mastering Memecoin Tools

Even 15-year-olds are flipping $400 into $400,000 with Solana memecoins. How? It turns out many are using a free tool wrong. Here's how to master it in 10 minutes.

Easiest Memecoin Guide:

1. Go to dexscreener.com: Click on “new pairs.”

2. Check the project’s Twitter: Look for top KOLs who follow and promote it.

3. Look for affiliations: Check if there’s a connection to successful projects or memes.

4. Monitor the holder count: Look for a growing number of holders.

5. Ape in: If all signs are positive, jump in.

🔧 Utilizing Solscan for Memecoin Success

Most people underutilize Solscan, missing out on a goldmine of alpha. Here’s how to use Solscan like a pro:

- Track wallets: Find out who’s holding what and when they bought.

- Research new coins: Discover the next big thing before it blows up.

- Find smart contracts: Analyze the contracts to ensure legitimacy.

- Track DEXes: Most memecoins launch on Raydium, so start there.

🚀 How to Spot the Next Big Memecoin

1. Visit Solscan.io: Start with Raydium’s AMM page to check out the hot pairs.

2. Focus on key metrics: Look at launch dates, TVL, and 24-hour trading volumes.

3. Analyze token distribution: Ensure the top 10 wallets (excluding CEXs) control less than 30% of the supply.

4. Find smart money: Scan the top 50 wallets to see who bought in early and what else they’re holding.

5. Track smart money: Use CieloFinance to monitor their transaction history, PnL, and new buys.

🕵️ Why This Matters

By tracking smart money, you’re not just guessing—you’re following proven winners. For example, a whale holding a $5M bag of $POPCAT (DVMnHHwq9SNxj4Bhd8mim1AacXfPemu6WsK8ox7Vexhg) also has significant positions in $WIF, $MYRO, and $WEN. Keeping an eye on their moves could lead you to the next big winner.

🛠 Tools and Strategies

- CieloFinance: Simplifies tracking smart money by giving you detailed transaction histories and new buys.

- Dexscreener & Solscan: Use these tools to discover trends, track tokens, and identify the next potential 100x.

Final Thought:

Success in the memecoin space is about smart decisions, timely moves, and tracking those who know the game best. Follow these strategies, and you might just catch the next $WIF .

Everything shared in this thread is my personal view and not financial advice.