I've unlocked close to $1M on $SOL #memecoins with just one FREE tool.
This tool helped me find many 100x-1000x plays.
Here's a full guide on how to use it
This tool helped me find many 100x-1000x plays.
Here's a full guide on how to use it
The key insights are tucked away within on-chain data. To uncover these valuable details, we rely on Solscan, a block explorer that allows users to delve into SOL-related on-chain data.
Allow me to demonstrate how it's done.
Allow me to demonstrate how it's done.
First, let's go through the main things we can use Solscan for:
- Tracking Insider/Whale wallets.
- Finding new coins.
- Finding smart contracts.
- Tracking DEXs.
- Tracking Insider/Whale wallets.
- Finding new coins.
- Finding smart contracts.
- Tracking DEXs.
To kick off your research, consider the following steps:
• Check out Raydium for initial meme token trading.
• Go to solscan.io.
• Review launch dates and 24-hour trading volume.
• Identify trending meme tokens and select 4-5 to focus on.
• Check out Raydium for initial meme token trading.
• Go to solscan.io.
• Review launch dates and 24-hour trading volume.
• Identify trending meme tokens and select 4-5 to focus on.
Here's what you need to know about the token:
📈 Markets
🔄 Transactions (TXs)
🏦 Top holders
🔍 Analysis
📄 Contract
Now, let's explore how you can leverage this information. ↓
📈 Markets
🔄 Transactions (TXs)
🏦 Top holders
🔍 Analysis
📄 Contract
Now, let's explore how you can leverage this information. ↓
Holders:
Key points:
- No single entity in a token's top 10 holders should exceed 30% of the total supply to prevent a crash.
- It's okay if centralized exchanges (CEXs) hold a significant percentage.
Key points:
- No single entity in a token's top 10 holders should exceed 30% of the total supply to prevent a crash.
- It's okay if centralized exchanges (CEXs) hold a significant percentage.
Let's find whales and insiders by examining the top 100 holders:
- Identify early buyers
- Identify large volume purchasers
Use @CieloFinance to scrutinize their wallets, review their profit and loss, and mimic their transactions.
- Identify early buyers
- Identify large volume purchasers
Use @CieloFinance to scrutinize their wallets, review their profit and loss, and mimic their transactions.
Also, always look at the token's details to stay safe from scams like rug pulls.
To do this, we will use: rugcheck.xyz
Just copy the token's CA you found and paste it into Rugcheck.
To do this, we will use: rugcheck.xyz
Just copy the token's CA you found and paste it into Rugcheck.
One rule to remember:
Don't trust wallets blindly, no matter how tempting the deals.
Always DYOR!
Don't trust wallets blindly, no matter how tempting the deals.
Always DYOR!
And that's it!
If you enjoyed this thread
1. Follow me @cyrilXBT and turn on notifications so you don't miss out! 🔔
2. Like/Retweeting the first tweet below would mean a lot to me 👇 ❤️
If you enjoyed this thread
1. Follow me @cyrilXBT and turn on notifications so you don't miss out! 🔔
2. Like/Retweeting the first tweet below would mean a lot to me 👇 ❤️
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