How to use GMGN to play Meme coins (Beginner)

最近链上流量大爆发,交易吉祥物概念币暴涨60000%、DeSci叙事兴起,Meme币已成为本轮牛市最大黑马!

链上操作难度较大,Biteye在本篇教程将手把手教小白入门,使用GMGN玩Meme币!

There will be an advanced chapter later, welcome to follow.

本文将围绕打新展开,主要教会大家如何寻找、分析并交易新上线的Meme币。

01Quick lyricist for beginners

1. What is GMGN?

一个兼具Meme币数据看板+交易工具于一体的网站。

2. What is on-chain transaction?

Activities and transactions conducted directly on the blockchain do not rely on centralized exchanges such as Binance and OKX.

3. What wallet should I use?

For mainstream wallets such as Phantom and OKX, you can search for installation and use tutorials on Youtube, and you will not expand it here.

4. What is the token address (CA)?

A string of letters like “GJtJuWD9q***wMBmtY1tpapV1sKfB2zUv9Q4aqpump” can be found by pasting it in the GMGN search box.

As shown in the figure below:

02New project discovery

1. Pay attention to smart money

Tracking smart money means tracking the wallet addresses of users who have achieved higher returns on the chain and observing the investment targets they choose.以下三个链接是GMGN不同链上的聪明钱列表,以及对应的图标解释:

ETH chain https://gmgn.ai/discover?chain=eth

Solana Chain https://gmgn.ai/discover/?chain=sol

Blast chain https://gmgn.ai/discover?chain=blast

After following Smart Money, when there is new update, a red bubble and a sound prompt will be displayed in the lower left corner “Add to be followed” and a sound prompt (can be turned off or on).

GMGN also provides the ability to bind Telegram notifications so that you can receive notifications immediately once any action is performed by the wallet you follow.

Click “Accented” to view the real-time trading trends of Clever Money, including buying/selling/adding/adding/building/clearing/clearing, etc.

You can also click on any smart money address interface to have more detailed information, including position analysis, profit and loss distribution, trading activities, etc.

Hundreds of Meme coins are launched on the chain every day, and there may be concentrated purchases of smart money. When choosing a person to follow, it is best to consider your trading habits to avoid paying too much attention to the wallet and causing information noise.It is recommended to choose a wallet similar to your style for tracking to ensure the efficiency of information flow.

Note that checking the safety of the contract cannot be ignored, because a lot of smart money also buys at will regardless of the safety of the contract.

2. Scan the chain

  • Scan and push: Follow Chinese and English KOL accounts related to Meme coins on Twitter and join various discussion groups to obtain the latest information and updates.

  • Scan the chain: Pay close attention to tokens from the internal (small market) to the external (large market) and quickly evaluate whether these tokens are worth investing.

On the GMGN platform, you can view the following three types of tokens:

  • Category 1: newly created internal tokens (the highest risk)

  • Category 2: Internal tokens that are about to be full

  • Category 3: Tokens that have entered the foreign market (lowest risk)

Explanation about the inner/outer disk:

When a new project is successfully deployed using the automatic coin issuing tool pump.fun, users can use sol to purchase the project’s tokens. When its market value reaches $69,000, the liquidity of the project will be automatically added from pump.fun to Raydium.

  • Before reaching $69,000, we call it the inner plate.At this time, the project is in a very early stage and the risks are extremely high;

  • After reaching $69,000 and successfully adding liquidity to Raydium, we call it the foreign market.At this time, the project has developed further and the risks have been reduced.

It is recommended to focus on tokens that have entered the foreign market. Although there are still high risks in the foreign market, the risks have been reduced a lot compared to the internal market and are relatively friendly to novices.

Moreover, most foreign markets have reached the million-level market value, and there is still a lot of room for profit.

Note that entering the foreign market does not mean that 100% will rise. There are also cases where a large number of tokens quickly return to zero after the foreign market opens. Please be cautious during the investment process!

By patiently monitoring and analyzing the performance of these tokens and judging their potential and investment value, we ultimately achieve profitability.But how to analyze it specifically?Let’s see the detailed explanation below.

03Token Analysis

当你已经学会了如何利用GMGN寻找链上新币后,下一步要做的便是从一堆Meme币中,分析并选择值得买入的标的。

Specifically, we need to judge whether to buy based on hot topics, narratives, market value, community and market trends. Different types of Meme coin strategies are also different:

1. Hot topics

Many of these tokens are small-cap tokens that have quickly become popular due to specific events or trends in a short period of time. They may have a high increase in the early stage, with a potential space of more than 10 times, from a market value of one million to a market value of tens of millions.

But if the hot spots are unsustainable, the prices have no support points, the celebrities have not called orders, the new narrative level has not reached the formation of a large influential community, and the inspiring low-probability event has not been experienced.It is likely that liquidity will gradually be lost and prices will continue to fall.

Here are a few examples of the so-called low-probability event:

  • The founder of $SLERF accidentally burned all liquidity pool tokens (LP), airdrop reserved tokens, and coins, causing high bullish sentiment on the chain, causing $SLERF to be launched on the exchange quickly.

  • There is also the recent $BITCAT.While the emotions on the chain are constantly fermenting around the concept of “mascot”, Bitcon’s official Twitter suddenly posted a picture of a black cat. A wave of people think this implies a bitcoin mascot. As consensus continues to spread, related tokens$BITCAT quickly pulled the market, and within 3 hours that night, the price soared from a market value of hundreds of thousands to a market value of 100 million, and remained at around 50 million in the second half of the night.

For this type of token, the following suggestions are:

  • Buy early, with a market value of hundreds of thousands. If you enter the market too late, don’t wait until you have to chase the highs above 10m (a market value of tens of millions), as it is easy to trap;

  • If you are optimistic about the sustainability of hot spots and wait for the price to fall back by 80% before entering, this can reduce the risk.

2. Narrative

This type of target often does not rely on short-term hot spots to rise, but gradually increases from small market value to large market value around a certain narrative or community.

Unlike hot tokens that skyrocketed instantly, they may experience stable growth in multiple stages, with a market value of between millions and tens of millions of dollars, and at its highest level, they may even exceed 100 million.

For example, $RIF, background is antibiotics for the treatment of tuberculosis, and is currently the DeSci + Meme faucet.The token pulls the market because the on-chain attention to DeSci (decentralized technology) narrative has increased. As the first token for Pump science, as the narrative popularity increases, its payout orders continue to increase, and its status is gradually consolidated in the track Longyi.

For this type of token, my suggestions are as follows:

  • Paying attention to new narratives is also a good narrative. For example, DeSci can choose to build positions in steps at low market value (hundreds of thousands to small millions);

  • Focus on the social media, community activity and capital inflows of these tokens in the medium and long term to judge their sustainability and potential.

04How to trade

The following figure is an overview of the GMGN trading system:

1. Left column interface

Collection, position list

Quickly understand the prices and profit changes of the tokens you have collected, the prices and profits of the tokens you hold, and you can sell them quickly at any time when you are watching the market.

Popular, Pump, Followed List

By checking the time, transaction number, price, and price percentage, selecting the most popular tokens and Pump tokens that match your trading strategy.The following list is easy to follow and buy with one click when you are watching the market.

2. The main interface in the middle

The K-line covers a large amount of relevant information about the token, including trading activities, traders, holders, blue chip holders, etc., and is based on smart money, KOL/VC, whale, new wallet, sniper, and coin holders., developer, have been followed, rat warehouse for classification.

When studying this token, you also need to refer to this information to analyze the holdings of Big Whale, Smart Money, etc.for example:

  • Mark the suspected rat trading position and determine whether the dealer wants to use a small wallet to distribute tokens to try to smash the market and run away.

  • The mark is suspected to be a phishing wallet. If it is a non-purchase transfer token, it will be marked.

3. Right trading interface

View metrics

Check the token turnover, buy, sell, net buy, liquidity, coin data, blacklist and other indicators.It is also important to check the ratio of burning pools and the probability of running away.

Set the slip point and turn on anti-clip mode (Anti-MEV)

Slip point refers to the deviation of the maximum acceptable token number of tokens declared in this transaction during a single transaction.Increase slippage, and the faster the trading speed.Most of the time, it is recommended to have a slippage of about 0.5%, and the market fluctuations can be increased to 10%.

(Note: MEV sandwich attack refers to the MEV robot reading incoming transaction information and executing orders first, thereby pushing up the token price when you buy. Turning on anti-clip mode can effectively prevent sandwich attacks.)

Select the amount, buy/sell manually

Later, we will write an advanced article, talking about automatic purchase of price limits, automatic purchase of orders, etc. Welcome to follow.

05Risk warning

Every day, hundreds of thousands of Meme coins appear on the chain, most of which will return to zero. The probability of running out of Jingou (10 million/100 million market value) is extremely low, let alone going online to large exchanges.

In short, the higher the returns and the higher the risks, please be responsible for yourself!

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