Original author: Biteye core contributor viee
What did those KOLs who made millions of dollars from $TRUMP do right?
Many people only monitor smart money, but this is far from enough!
After reviewing the top 10 profitable addresses, Biteye compiled the following on-chain monitoring ideas and tools. 👇
1. Monitoring Moonshot: Capturing Market Breakout Points
Moonshot is an aggregation platform designed specifically for Meme coins. It provides trading, management and wallet functions for Meme coins, and brings together a large number of popular Meme coins, including many tokens that have not yet been listed on second-tier or top exchanges. Last Saturday, Moonshot was recommended as a purchase method on the official website of the $TRUMP token. In addition to cryptocurrencies, $TRUMP can be purchased with fiat currency. The well-known chain king @0x SunNFT was determined to hold a large position in $TRUMP in the early stage because of Moonshots endorsement.
To identify new coin opportunities on Moonshot as soon as possible, you can use the following tools:
TG Channel:
https://t.me/moonshotlistings: In addition to synchronously pushing currency news on Moonshot, it will also come with certain narrative information to help users understand the background and potential of the project.
https://t.me/signal_angrybot: Multi-chain wallet monitoring, and supports custom trading signals. Built-in signals include Moonshot listing signals, in addition to FOMO signals, which means 3 smart money buys the same token within 15 minutes (30 minutes for ETH). Pump signals, which means KOLs with more than 50,000 followers mention it.
Moonshot UMI: A third-party website that specifically lists Moonshot tokens, allowing you to quickly view current market trends and newly launched projects.
2. Monitoring smart money: tracking capital flows
Smart Money movements are another key strategy for finding early buy signals for Meme Coin and an important indicator for determining market direction. The following are recommended tools:
1. Zerion @zerion: Suitable for beginners, with app and simple operation
Zerion is the most suitable tool for beginners. It is simple and easy to use. Just download the app and paste the wallet address to start monitoring. However, its disadvantage is that when there are too many monitored addresses, push notifications will be very frequent. Users can set it through the management page to only receive transactions of interest (such as transactions, deposits and withdrawals, etc.), and cannot filter in detail (such as transaction amount, tokens, etc.).
2. Chain.fm @chain_fm: Suitable for beginners, follow the big V and build your own smart money monitoring
It mainly aggregates many smart wallet monitoring channels built by players, which can help users pay attention to some high-quality channels and monitor the transaction activities of smart wallet addresses in real time. In addition, you can also open the alert to set conditions, and once triggered, the browser will issue a sound reminder.
3. lmk.fun @lmkfun: suitable for beginners, follow multiple on-chain monitoring channels
Similar to Chain.fm, it follows the monitoring lists created by other players and has the function of filtering channels. You can choose to monitor smart money or exchange listing announcements, etc. It also has the alert sound notification function.
4. GMGN @gmgnai: Suitable for both beginners and veterans, the most commonly used tool for trading Meme coins
GMGN supports following smart money by batch pouring into addresses. When there is a new dynamic, a message prompt will be displayed in the Followed in the lower left corner. GMGN also provides the function of binding Telegram notifications, so that once the wallet you follow performs any operation, you can receive a notification immediately.
In addition, click Followed to view the real-time trading dynamics of Smart Money, including buy/sell/add position/add position/open position/clear position, etc. You can also click on any Smart Money address interface to get more detailed information, including position analysis, profit and loss distribution, trading activities, etc.
5. Arkham @arkham: Suitable for veterans, old-fashioned monitoring tool
Arkham provides a full range of data analysis and monitoring functions, supporting batch monitoring, address tags, and multiple filtering options. It is suitable for users with on-chain transaction experience or users with high monitoring needs. You can configure addresses or tokens on the web page and choose to receive monitoring information through Telegram, Slack or Webhook.
6. DeBot @DitingData: Suitable for veterans, strong in fine-grained monitoring
DeBot is an on-chain data monitoring tool launched by the DiTing team. Its monitoring functions for smart money are as follows:
Multi-chain wallet monitoring: supports monitoring of multi-chain wallets, and can track transactions on multiple chains at the same time. Users can set filter conditions and configure filter conditions to obtain accurate information.
Wallet group analysis: Batch analysis of wallets of interest not only allows you to view the profit data of these wallets, but also track their transaction dynamics in real time.
Multi-wallet address purchase push: allows users to create observation groups for multiple wallet addresses, and can set automatic push reminders when multiple wallets buy the same token at the same time.
Token monitoring function: monitor specific tokens. Whether it is tracking a single token or monitoring multiple tokens in groups, you can get the market trend, trading volume and other key data of the token in the first place.
The above tools basically require you to import addresses yourself, and a few functions support following smart money lists created by others. If you find it troublesome or don’t have a suitable smart money address, you can choose to follow the smart money channels created by others.
For example, the SOL Smart Money Channel maintained by @0x 01 yuqi batch monitors more than 3,000 big V wallets and on-chain smart wallet addresses. If it finds that multiple wallets frequently buy a certain token in a short period of time, it will push notifications.
For more smart money monitoring tools, please refer to Biteye’s previous tweets .
3. Monitoring news and social media: Sentiment guides the market
The popularity of Meme coins is usually accompanied by discussions on social media and the promotion of KOLs. Monitoring these information sources can capture changes in community sentiment in advance.
1. DeBot @DitingData: Users can specify to monitor the behavior of specific Twitter accounts. When these accounts post messages related to a certain token, DeBot will send a notification. This allows users to keep up with important news on social media, especially the dynamics of key figures who influence market sentiment.
2. TG Channel (PUMP Twitter Search Alert): By monitoring the PUMP contract information released by big Vs and KOLs on Twitter, combined with the black and white list filtering mechanism to provide reminders.
3. Bloom @BloomTradingBot: A Twitter scraper tool that monitors the release of CA on Twitter and automatically captures buy signals. It also has the functions of stop-profit and stop-loss. You can also monitor the release of CA by the project party. For example, if you know that a project party is about to release CA, but you are not sure about the exact time, the scraper can automatically monitor in the project group and capture the buy signal at the first time. However, this tool is more complicated to use and is not suitable for beginners. It requires certain operating experience.
IV. Conclusion
When it comes to Meme Coin, time is money, and you can seize market opportunities through efficient on-chain monitoring tools.
In the early stages of Meme coins, there are usually iconic signals, such as token launches, surges in trading volume, and soaring Twitter popularity. It is not limited to on-chain transaction data. It is recommended that you establish a multi-dimensional monitoring system, from Moonshot signals to smart money movements, to social sentiment analysis, to achieve full coverage and maximize the advantages of the tool!
