Base Ecosystem Beginner’s Guide: Follow the Profit Leaderboard to “Copy Trade” and Catch the Next $TSG

The Base ecosystem is currently ablaze, first with the "vvv" concept, now with $aeon. But if you're a player just entering the Base ecosystem, wondering who to follow and what the latest trending concepts are, you're bound to face some "how to get up to speed quickly" concerns.

On-chain trading terminals now boast very comprehensive features. We often use terminals like gmgn for buying and selling on-chain. But by leveraging their other functions, we can also use them to quickly familiarize ourselves with a new ecosystem.

Take gmgn as an example. Its "Explore" feature includes a profit ranking for addresses on the Base chain. By observing the recent profitable targets of these addresses, I can form a preliminary understanding of the current ecosystem's situation.

These two addresses ranked 1st and 2nd in 30-day profit. Both have the "Sniper" tag. My first thought is that these are quick-in, quick-out players, who typically profit by trading fast-paced meme coins. Therefore, I hope to use these two addresses to discern the current meme coin trends in the Base ecosystem.

Next, I look at the profit sources for these two addresses in detail. First, the address displayed at the top in the screenshot. Of its nearly $130,000 profit, $108,000 came from $TSG.

Click into the token's detail page, and use the social media button on the page to jump to the coin's X page.

First, scan the CA and other content in the X page bio to confirm the X account indeed corresponds to this coin. Then, scrolling through the tweets reveals this is a meme coin. Its popularity stems from influential figures promoting a slogan: "there is a sleeping giant sitting on base rn."

From the screenshot above, we can follow all the influencers who retweeted the $TSG official account. Here, we can also use gmgn's tracking function to add these accounts to a Twitter monitor, allowing gmgn to push their content in real-time.

$TSG briefly reached a market cap of $7 million, but after a rapid surge, it declined significantly. At this point, we can also consider that if these influencers mention this concept again, it could present another entry opportunity. Using the monitoring function again, set up relevant keywords for more precise monitoring alerts.

Finally, go back to confirm the entry point of this high-profit $TSG address. The buy-in position was indeed very low, achieving large profits through sniping.

At this point, we have obtained:

- A high-profit address with an early, fast, low-cost sniping style. We can tag this address on gmgn, e.g., "TSG $100k Sniper," and continue tracking it. For a more aggressive approach, use gmgn to copy-trade this address with a small amount, continuously monitor the copy-trade's P&L, and stop the strategy when the address's win rate drops.

- The trending meme trend on Base. We can see this coin gained attention because celebrities formed a group and chanted a slogan. Add these individuals to a tweet tracking list. For a deeper dive, we can examine the interaction on these celebrities' tweets and their following lists to expand our Base ecosystem influencer roster.

- A potential second-leg opportunity. If the slogan is mentioned again, the price could rebound quickly.

Next, let's look at the second address. This address has profited over $170,000 from $LFI, with a holding period of 19 days, indicating it's a long-term play.

At this point, we can consider what its narrative is. Can we identify the current main narrative thread of the Base ecosystem through this coin's theme? Here, we can search for LFI on BlockBeats:

Reading articles on BlockBeats allows for a quick understanding of what these projects actually do, as well as deeper on-chain trends. For example, LFI represents an RWA + team background play, while AI on the Base chain has the "vvv" concept, aeon, and so on.

Of course, the steps above can also be reversed. For instance, one could first check dexscreener, switch to Base chain tokens, and view a list of the highest volume tokens over the past 24 hours. Then, use gmgn to look at profitable addresses, analyze narratives, etc.

The ultimate goals are always the same:

- Clarify the main narratives on the Base chain.

- Expand the database of high-profit addresses and influencers, tagging their styles for easy categorical tracking and real-time updates on the latest changes.

- For coins that have already pumped or dumped, think about potential key reversal points ahead and track them using corresponding tools.

With the comprehensive supporting features of today's trading terminals, we no longer need to feel lost about how to get started in a new ecosystem. We don't have to spend countless hours aimlessly browsing X and Farcaster. I hope this article is helpful for those just entering the Base ecosystem.