A practical guide to ambush 100x Meme coins

How to find 10x or 100x Meme coins? Biteye Lao Jiucai shared three ideas last week. Today, Lao Jiucai will teach you how to use Meme coin tools to capture valuable tokens from a practical perspective!

Hands-on teaching, nanny-level step-by-step breakdown , I believe you will gain a lot from reading it. ?

In addition, Biteye has compiled 40 super practical Meme coin tools , covering on-chain monitoring and tools.

As shown in the figure, many of the large bubbles with the highest monthly growth rates are Meme coins.

Without further ado, there are two main ways to find valuable Meme coins: 1. Active search 2. Passive search

0 1 Active search

Features: This method is suitable for people who have more free time, because you need to watch the chain for a long time, mainly to discover new Meme coins.

Specific steps:

1. Find chains with active fund dog transactions. First open Dexscreener (this is a free and very useful tool), select Gainers & Losers in the left column, and observe which chains the top 20 tokens with the highest increase in the past 24 hours are on, and then count which chain has the most tokens in the top 20. For example, in the figure below, the chain with the most tokens with the highest increase is Solana.

Observe the most active chains of the top 20 tokens with the highest gain in the past 24 hours through Dexscreener

2. After selecting the chain, click New Pairs in the left column and select the most active chain found earlier, such as Solana. Observe the top 10 tokens. You can understand the current hot narrative through the token name, Twitter and website.

3. The next step is to filter. Still on the New Pairs page, we need to set some conditions:

Liquidity > 10k

Age < 48 hours

4. Based on the screening results, we select the top 10 tokens, and then continue to screen based on the project’s Twitter, Telegram, and holders:

To monitor KOL followers and fan growth on Twitter, we recommend using Cryptohunt.

For Telegram, look at the community situation and judge based on chat and activity.

On-chain holders can view it in the Solscan browser, because we screen the new coins between 1000-2000 which are relatively stable.

Learn about the popularity of relevant tokens on Twitter, relevant tweets, trend analysis, etc. through Cryptohunt

5. Add a watchlist to Dexscreener to keep an eye on the tokens and set price alerts, such as price support or breakthrough levels.

6. Choose the right trading tool. The most popular and convenient one is TG bot, such as Pepeboost. For the evaluation and comparison of TG trading bots, please read the Biteye article: How can a newbie get into the local dog? The most detailed comparison of Solana trading bots

0 2 Passive search

Features: This method consumes less time and does not require long-term chain monitoring, but it does require regular time spent looking for smart wallets.

Specific steps:

1. Choose a recent hot meme coin, such as $Goat, open the Top Traders corresponding to $Goat in Dexscreener, and look for the insider wallet, which is a wallet with low investment but high returns.

Take Top Traders, the wallet with the highest profit, for example. This wallet does not display the purchase cost.

2. Analyze the wallet: If the purchase cost is not displayed in Dexscreener, then these coins are transferred. You can find the initial purchase wallet. This process can be done using a block browser (such as Solscan) or a professional address tracking tool (such as Coinstats). It can help you view the portfolio of the address and quickly find transactions of related tokens.

The Solscan block browser can be used to observe the interaction of this address and find that the Goat token is transferred from another address.

3. In-depth wallet analysis: observe the earnings of other tokens in the address.

By analyzing the portfolio of the wallet address through Coinstats, most of these wallets are temporary wallets with no other heavily invested assets.

4. Monitor wallet: Use Cielo to monitor the address so that you can buy at the right position later.

0 3 Summary

1. Choose active or passive methods according to your situation. Of course, you can also use a combination of them.

2. While doing short-term trading, you should also have long-term positions (for example, the leading Meme coin). This is because the probability of loss in short-term trading is very high, and you need to have a stable long-term position with a good narrative to hedge the risk of short-term PVP trading.

3. If you are profitable, you can add to your position; if you are losing money, stop loss in time.

4. Last but not least, don’t fall in love with the coins you buy! (Blood and tears lesson)