Original post by @TheDeFISaint
Original compilation: Biteye core contributor Crush
The success of $PEPE triggered a new wave of meme coins, but compared to skyrocketing all the way, RUG and junk coins are the norm.
How to avoid such a situation when investing in meme coins? Today this guide may help you.
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01 Finding Your Alpha
Everyone seems to be a researcher since the meme narrative, and there are a few places we usually look for memes:
• Dextools
• Analysis tools such as Blockpour, Kyberswap Discover, etc.
• TG channel, Discord community
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step 1
Let's use the following memes as a case study
• $PEPE
• $POGAI
• $BOBO
No matter where you see these memes, the first thing you should do is use @bubblemaps to analyze them, our goal is to ensure that there are no large players potentially holding a lot of chips, if they use multiple wallets to hold a lot It is very dangerous to smash the plate after the chips.
Let's start with $PEPE and see what a uniformly distributed token should look like. For ease of analysis, I have removed the exchange address here.
It can be seen from the above figure that there are not a few people holding a large number of tokens, which shows that RUG or smashing is less likely. However, we still need to pay more attention to the addresses of these large investors. The red box on the right shows their position rankings.
Then let's check another token $POGAI for comparison.
From the above figure, we can easily find that the number one address 0x 9 .... 77 e 5 is associated with all other addresses of different sizes, and has been transferring assets of about 32 ETH to these addresses.
Is this the contract deployer transferring tokens to his or his friend's wallet?
I checked the address through Debank and it turned out it was just a big guy who made money in the meme narrative.
By comparing $POGAI to $PEPE, we can see the difference between the unusual activity of these coins.
We just said that 0x 9 ....77 e 5 transferred assets to other addresses, but before that, 0x 9 ....77 e 5 has received 3000 $ETH from the address 0x b....3300 one after another.
What we do know is that these addresses have been transferring funds to each other for a long time between the release of $POGAI, and the earliest records can even be traced back to 8 years ago.
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https://debank.com/profile/0x9b64203878f24eb0cdf55c8c6fa7d08ba0cf77e5
https://debank.com/profile/0xb86f1061e0d79e8319339d5fdbb187d4e7ad3300
step 2
After analyzing these tokens with Bubblemaps, you can then go to DedotFI for token checking, which can also effectively reduce the risk.
From the above figure, we can see that $PEPE's contract has no potential RUG risk and other common smart contract vulnerability risks.
The situation of another meme coin $BOBO is not optimistic. Through tool inspection, we can find that its risk is very high.
The above are the few steps I took when buying meme tokens. Only through the above two tools can you quickly judge the risk when analyzing any token.
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