Recently studied the GMGN on-chain tool and compiled some practical tips for catching early memecoin opportunities:
Scanning the chain and scanning pushes are fundamental skills. Keep an eye on newly added contracts on the chain, and respond immediately to coins gaining Twitter buzz. Many people get stuck on detection speed; by the time you see others sharing gains, the leading coins have already run.
After a hot topic emerges, remember to search for tokens with the same name. When a concept becomes popular, many clones with the same name will appear across different chains, some even taking off before the original.
Don't blindly follow KOLs; find a few with high win rates for long-term observation. Projects they have pre-laid out indicate that there is at least some capital attention.
Don't panic if you miss the first dragon; opportunities in the second or third dragons are often more stable. When market sentiment rises, sector rotation becomes normal, and later projects tend to have a more reasonable risk-reward ratio.
The most effective is tracking smart wallets. Watch what high win rate addresses are buying; their on-chain actions are basically a weather vane. GMGN's wallet tracking feature can save you a lot of time on filtering.
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MissedAirdropAgain
· 12-12 09:16
Speed is the key, otherwise it's really a huge loss
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Dragon Two and Dragon Three are indeed more stable, that's how I play now
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Scanning chains really requires 24-hour monitoring, sleep is too costly
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Sometimes even smart wallets fail, don't be too superstitious
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I've fallen into the trap of the same-named projects before, now I've learned my lesson
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KOLs are just that way, it's a probability game, don't treat them as gods
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Tracking GMGN wallets is indeed very useful, saved me a lot of time
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Realized that if I was a second late, I missed the opportunity. This industry is all about quick reflexes
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Only saw it after the leader had already pulled, I've done this too many times
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Finding high-probability KOLs can really save effort, but you still need to judge for yourself
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OffchainWinner
· 12-11 20:09
The push speed is so slow that you lose everything in a second, this really...
Long Yi only realized after pulling, it's the kind of thing where you're always a step behind
The issue with the same-name account is too risky; if you mess up, you might actually make more money by copying
It's better to just watch smart wallets directly rather than KOLs, much more hassle-free
GMGN is indeed a great tool, but you still need to study and practice more yourself
Missing out isn't a big deal; the next wave of opportunities will always come, the key is to live long enough
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BlockchainTherapist
· 12-11 19:58
The chain scanning process really hits a bottleneck; a one-second delay can mean getting ignored.
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I've also tried Long Er and Long San; they're much more reliable than chasing the leading coins.
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Smart Wallet is indeed exceptional; watching their moves is much better than blindly guessing myself.
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Who can really tell about KOL win rates? Everyone claims to be the best.
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I've stepped into the trap of coins with the same name; almost lost everything.
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Speed is real; a difference of just one second can mean several times the profit.
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I really like GMGN's tracking feature; it saves a lot of trouble.
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After the leading coin is pumped, the followers are just bagholders—that's a hard rule.
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The theory of hotspot rotation sounds great, but in practice, it still depends on luck.
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The biggest fear is fake leaders; they look similar but are traps.
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StablecoinEnjoyer
· 12-11 19:57
Scanning chains and pushes is easy to say, but in execution, it really depends on speed and luck.
Dragon Two and Dragon Three are indeed easier to copy than Dragon One, with much lower risk.
I've been using the smart wallet trick for a while, but you need to be quick.
GMGN really is handy, saving effort.
This set of logic is fine, but the key is to overcome FOMO.
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Degen4Breakfast
· 12-11 19:45
Chain scanning speed is real; a one-second delay makes a huge difference.
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Longer second and third dragons are indeed stable, but the premise is that you understand what the funds are doing.
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I agree with the smart wallet approach, saving a lot of time on chain hopping, just follow the big players.
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Don’t just focus on KOLs; their win rate isn’t 100% either.
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The same-name coin set is indeed fierce; once a thought comes up, a bunch of follow-up coins appear, making it hard to tell which one is genuine.
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When Twitter hype rises, if the reaction is slow, it’s gone; it’s frustrating.
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The risk-reward ratio sounds good in theory, but in reality, latecomers are also easily cut.
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GMGN is indeed useful; it just requires good intuition. No matter how powerful the tool is, it can’t save those who react slowly.
Recently studied the GMGN on-chain tool and compiled some practical tips for catching early memecoin opportunities:
Scanning the chain and scanning pushes are fundamental skills. Keep an eye on newly added contracts on the chain, and respond immediately to coins gaining Twitter buzz. Many people get stuck on detection speed; by the time you see others sharing gains, the leading coins have already run.
After a hot topic emerges, remember to search for tokens with the same name. When a concept becomes popular, many clones with the same name will appear across different chains, some even taking off before the original.
Don't blindly follow KOLs; find a few with high win rates for long-term observation. Projects they have pre-laid out indicate that there is at least some capital attention.
Don't panic if you miss the first dragon; opportunities in the second or third dragons are often more stable. When market sentiment rises, sector rotation becomes normal, and later projects tend to have a more reasonable risk-reward ratio.
The most effective is tracking smart wallets. Watch what high win rate addresses are buying; their on-chain actions are basically a weather vane. GMGN's wallet tracking feature can save you a lot of time on filtering.