12 Tweets 2 reads Apr 10, 2024
Solana’s congested, Base isn’t.
Chances are you'll catch the next $WIF on $BASE this year.
$1k in $WIF bought 7 days after launch = $100k/$1M now.
🧵⭣How to identify the next gem before 100x [BASE EDITION]
As we get started, may I ask for a quick favor?
I've put in hours of research to create this and would appreciate any interaction with the thread.
If you can, show some love - bookmark, like, or reply.
Identifying a token before its launch:
- Follow X accounts sharing new launches: monitor their follows, likes, and comments
- Use @TweetScout_io and @LunarCrush to analyze project socials
- List promising projects with launch dates
- Follow on X & TG, closely watch their communication and development
Create a "Shitcoin Network":
- Join TG communities where members shill coins to one another
- Follow meme traders with small or big accs on X
- Compile a list of influencers on X
A cheat code you can use in your research: find an insider's wallet and track their next moves.
- Open @dexscreener, search for a meme that surged recently
- In "Top Traders," find a whale with 10x-1000x gains on that meme
In a video, you witness a trader, likely an insider, who made $150k from a $13k investment.
- Compile a list of "smart money" and insiders, then monitor their activities.
When you come across an interesting project, analyze its contract:
- Check security scores and warnings on @birdeye_so and @dexscreener
- Use @Token_Sniffer analytics to mitigate risks
Check the top holders:
- Paste the contract address into @BaseScanHQ to analyze the top holders
If the top 10 holders own more than 25% of the supply, it's a red flag.
Exclude CEX wallets and specific contracts from the count.
Tokens on contracts may still be transferred later tho.
You can also utilize @nansen_ai to detect if smart money has entered and investigate the largest balances as well:
- Paste the contract address
- Click on "Balances" to identify bag holders
- Enable "Smart money" in the "Who bought?" section to see who aped
Once you've identified a gem, use a sniper/trading bot to get in early.
I recommend @BananaGunBot for Base:
- Set up the bot
- Use the /base command to switch the chain
- Customize settings
- Secure private keys
Trade small to gain experience.
As your win rate improves and your confidence grows, up your bets slowly.
But never risk more than you can afford to lose.
That's all for now.
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