Original author: Adah

Original translation: AididiaoJP, Foresight News

In this article, I’ll cover the following tools and strategies:

• Tracking wallets and sniping early releases
• Managing risk, positions and profit taking
• Monitor social media for early contract addresses and information advantages
• New Token Discovery
• Copy profitable avid traders.

Let’s start by exploring how to find these tokens in the first place

1. Token Discovery

Early discovery is 90% of the work, and to be able to do early discovery you must understand the various stages of token discovery.

Token Creation > Index > Social Discovery

Token creation:

This is the earliest stage of token discovery. At this point, the creator has already chosen a code and a launch platform to deploy the token. Your goal here is to be one of the first to be alerted the moment they click “Launch.”

To succeed, you need two things: the creator’s wallet address and a wallet tracker

Luckily @poptyedev created a wallet tracker specifically for avid traders on Monad.

Most creators publicly disclose their wallet addresses on Platform X, but there's a good chance they'll switch to new wallets on the mainnet. It doesn't hurt to track down any addresses you already have, though; you might get lucky.

index:

This phase is when a token becomes searchable in block explorers, DEX aggregators, and analytics tools. Token data is parsed and displayed as human-readable text. This information typically includes the name, ticker symbol, total supply, contract address, top holder percentages, and recent transactions.

Depending on when you discovered the coin at this stage, you might still be considered early or super late. Regardless, the information gained here can help filter out coins that are heavily targeted, tied, honeypotted, or have already gone bankrupt.

Tools you can use at this stage:

• @GeckoTerminal
• @definedfi
• @dexscreener

Geckoterminal Token Discovery Page

When you see a token listed on any of these platforms, it’s already tradable on popular DEXs and aggregators, which means all eyes are on it. The best way to find early gems at this stage is to screen newly minted tokens or liquidity pools.

Social Discovery:

By this stage, the token’s contract address or code has already been circulating on social media platforms. If you discover a token at this stage, remember that you may be providing exit liquidity. That’s why it’s crucial to ask yourself these questions before you jump on the bandwagon:

• How many minutes have passed since this contract address was published on X/TG?
• Who could have bought the token before the address was released?
• Is this a secret release? A timed release?
• What is the current market value?

To be honest, you may still get lucky and grab an early token at this stage by following certain influencers and founders on social media. To do this, you’ll need a tweet tracker like TweetShift or simply turn on notifications for accounts you consider high-value.

Example of meme issuance from high-value accounts

Trading Terminal

Now that you’ve found the token’s contract address and are ready to jump on the bandwagon, what options will you have for trading Memecoin on the first day of the Monad mainnet launch?

I have compiled a list of trading terminals that have announced support for trading Memecoin on the mainnet.

@The_BlockBot: This is a high-speed, low-latency Telegram trading bot developed by @BlockLabsX. It offers powerful features such as:

• Low-latency token execution
• Real-time token pricing and profit and loss tracking
• Customizable entry and exit
• Custom auto-buy functionality for token issuance
• Portfolio tracking and management

Personally, this is one of my favorite bots to use. The team is constantly releasing new features, fixing bugs, and engaging with the community to introduce updates that are truly useful to them. The bot is currently in private beta, but will soon be available to the public for everyone to use.

2. Seer @seertrade:

Seer is a trading terminal incubated by Retardio that combines on-chain data and social insights to provide real advantages to traders in the trenches.

Through Seer, traders can access:

• Wallet and portfolio tracking
• New Token Issuance on Monad and Solana
• Advanced charting and analysis
• Social intelligence integration (signals from X and Telegram)
• Token Chat Room and Collaboration Channel
• Advanced transaction management tools

Currently, beta access is limited to Seer Founder Pass holders. Access will eventually be open to the public on the Monad mainnet.

3. Opsin @opsinfinance

Opsin offers a close alternative to SEER with similarly powerful features:

• Multi-tab transaction terminal
• Analytical and spot trading tools
• Multi-chain transactions across multiple chains, including SOL and BNB (Monad, Mega, and Abstract are under development)
• Track and automatically snipe token calls in social groups
• Real-time monitoring and tracking of wallets
• Trading Cashback + Points Multiplier (Alpha Points)

This is currently V1, and will be expanded to include derivatives, perpetual contracts, and autonomous trading in the future. Currently in alpha testing. To gain access: please join Discord and fill out the form in the announcement channel.

4. Fomo @tryfomo:

Fomo, a mobile-focused trading app that simplifies token discovery, allows users to seamlessly follow the trends and follow other avid traders within the app. They recently announced support for trading on the Monad mainnet.

Finally, users can also trade on native startups: @naddotfun, @SomethingMonad, @cultdottrade, @Morpheus_Farm

Sometimes all you need to do is keep your eyes on a newly created tab on a startup platform to catch those skyrocketing tokens: no fancy technology required, just wide eyes and a dream.

Strategy and random hints

• Capital preservation is paramount; avoid investing all your money in any one trade.
• Before you start trading, allocate a fixed percentage of your portfolio.
• Before jumping into the frenzy and buying any token, have a pre-planned trade management plan (entry, exit, and invalidation points).
• In most cases, blindly chasing high prices will cause you to lose a lot of money.
• A few exceptions to chasing high prices: early participation in project token issuance (market capitalization less than 1 million) or Keone issuing Memecoin.
• Tokens always experience 40-60% pullbacks. If the project's narrative is strong, place a buy order on the first deep pullback.
• At some stage in the transaction, always withdraw the initial capital.
• Know when you are clearly acting as exit liquidity and stay away.
• Don’t assume every coin will go to the moon; be proactive in taking profits.
• Leaving some positions in case we create the next PEPE on the Monad.
• If the top 10 holders hold more than 20% of the tokens, you’d better wait for some whales to take profits before entering the market.
• Learn to identify honeypots and runaway tokens.
• Be wary of developers holding more than 5%.
• Search for the token contract address on Twitter to understand the social narrative and gain insights into the circles promoting the token.
• Carefully examine the distribution of any token before jumping into the frenzy: are there obvious bundles or clusters, how much is held by developers, do the top 10 holders hold more than 20%?
• Keep an eye on the native token price chart and closely monitor sentiment on the timeline (to help you time your exit from the market).

Summarize:

The Monad mainnet is about to launch, and Meme coin trading will be one of the many huge opportunities that will emerge in the first few weeks of mainnet. The goal of this article is to prepare you accordingly.

The most important thing is to create a good tool stack: that is, mindset, social circle, information advantage channels, code follow list, capital allocation, preferred cross-chain bridge, etc., to prepare for the first day of trading on Monad.

Good luck not becoming exit liquidity.