Original | Odaily Planet Daily ( @OdailyChina )

Author: Golem ( @web3_golem )

Last week, we specifically described how to use GMGN to copy orders with smart money, and also briefly introduced some other smart copy trading tools on the market. (Related reading: Step -by-step tutorial : How to copy smart money for Meme novices )

But players who frequently engage in on-chain PVP also know that "smart money" is sometimes not "smart". The common characteristics of smart money are: small amounts but frequent moves, early entry but early exit, and the main profit part may be the same as most wallets, which is to catch a few "golden dogs" by chance. Therefore, for some small-capital players, blindly following smart money cannot guarantee making money. They may miss the golden dog because of the small amount of funds and cannot keep up with the frequency of "attacks" of smart money, or even give up their principal because of the smart money that "kills copy orders".

For players with smaller funds and more energy, it is better to be self-reliant and use tools to scan the chain to dig out the real golden dogs on the chain instead of following the crowd and relying on others. The advantage of scanning the chain by yourself is that you can make up for the information gap and energy gap in PVP to gain a greater increase. On the other hand, you can enhance your understanding and cognition of Meme through personal experience, and no longer blindly follow the recommendations of KOLs. One day, you can grab the 100-fold golden dogs by your own strength.

Without further ado, Odaily Planet Daily will teach you how to use GMGN to sweep the chain in this article. If you are a PVP novice and aspire to become a new era "P young player", let's learn together~

Meme Chain Sweep

First, open the GMGN webpage and click the Meme page in the upper left corner. GMGN supports viewing the Memes of Solana, Tron, Base, Ethereum, and Blast. The following will take the Solana chain as an example.

Page Introduction

The following figure shows the daily chain scanning page.

GMGN monitors two of the more mainstream Meme coin issuance platforms on Solana, Pump and Moonshot. You can switch by clicking the icon in the upper right corner. Generally, people will choose to view new tokens created by the Pump platform.

The basic rule of the Pump platform is that once the market value of the newly deployed Meme coin reaches $10,000, the liquidity of the Pump platform will be automatically added to the token liquidity pool created on Raydium. Players are accustomed to calling transactions on the Pump platform internal trading, and transactions after liquidity is added to Raydium are called external trading (it may take 10 to 30 minutes for the external trading to open).

Therefore, the three columns in the above dashboard represent the following:

• Newly created: tokens newly created on the Pump platform;

• Almost full: The market value on the Pump platform is about to reach $100,000;

• Opened: Market cap reached $100K, token liquidity added to Raydium.

At the same time, there is a "⚡️" icon in the upper right corner of the page. This is a quick purchase button. There is this icon on the right side of each token on the page. Click it to quickly purchase the token. Users can set the number of sols to be purchased each time in the upper right corner.

How to screen and identify tokens

Countless new tokens are created on the Pump platform every day, but not many of them can actually run out of the external market and attract more people's attention. Many tokens will die in the "cradle" of the internal market, so how to screen and identify tokens becomes extremely important.

The significance of screening is to preliminarily exclude "scams". As shown in the above figure, GMGN's built-in screening function can help us exclude many scams. In general, at least "at least one social media" and "DEV liquidation" options should be checked (DEV means token deployer). Having a social media can help us view more information, and DEV liquidation can eliminate some of the risks of being cut. "DEV burning coins" means that the project party will burn the coins it holds, but this option can be checked in "Opened", and "DEV liquidation" can be selected in the inner disk.

In addition to checking, the GMGN filter function can also filter the internal progress, market value range, number of transactions, number of holders, number of comments and time. Generally speaking, for Meme coins that are about to be filled, the number of holders must be at least 40, and the number of transactions can be selected to be more than 100; for Meme coins that have been opened, the market value is selected to be more than 100k to exclude many Meme coins that are "cut" at the opening.

Each list can be filtered individually, and players can adjust the filtering criteria as they gain more experience in chain scanning.

As shown above, after the filter settings are completed, players can see at a glance the top 10 token holding ratios, whether DEV has been cleared, social media links, holders, and transaction numbers. However, even after this initial screening, there are still many Meme coins that appear. Next, players need to identify which Meme coins are worth buying. The popular expression is "finding the angle of Meme coins."

There are usually two ways to analyze whether a Meme coin is desirable. One is to click on the social media link attached to the token to find out, and the other is to click on the Meme coin's avatar. GMGN will automatically link to Google to search for relevant information and links about the image. Because Meme wants to attract attention, it needs to consider the spread and popularity of the image on the Internet. Google Image Recognition can help players quickly analyze relevant information, as shown below.

So, what kind of angle is worth taking?

1. Coins issued by celebrities in the social or crypto industry or tokens indirectly related to them, including common Twitter accounts, events, or Twitter speeches, need to be paid attention to. Of course, if you want to discover these in the first place, you also need to build a follow list on Twitter.

2. Related to the recent new meme narratives, which are usually referred to as imitations and freeloading within a meme section, such as memes related to recent AI memes, Decsi, politics, mascots, etc. Of course, the ceiling of memes from this perspective is generally not too high.

3. A completely new narrative or hot spot on the chain is the most difficult angle to grasp and judge, but once you grasp it, you may get hundreds of times the profit.

New coin chain sweep

Click "New Coin" in the upper left corner of GMGN to enter the new coin dashboard, as shown below.

This page collects newly created tokens on Pump, Raydium, and Moonshot. Players can filter new tokens from 1 minute to 24 hours in the upper left corner. There is no difference between the actual tokens and the tokens on the Meme page, only the list criteria have changed:

• New pool: means a new pool with added liquidity;

• Burning the pool: Burning the pool 100% means that the issuer cannot crash the market;

• DEXScreener spends money: DEXScreener is the most commonly used Meme browser. DEXScreener spends money means spending money on Dexscreener to update the network, place images, and obtain additions. (Generally speaking, spending money means that the project is operated by a team or community, reducing the risk of Rug)
  

At the same time, as shown in the figure below, the new coin page has more options for "Mint Discard", "Blacklist" and "Pool Burn" in terms of filtering, which is different from the Meme page. "Mint Discard" means that the project party cannot issue additional tokens, and "Blacklist" means that the project party cannot block any wallet transfers to reduce the risk of Pixiu. If you check "Filter Risk" in the upper right corner of the page, these two options will be automatically added.

Although the new coin page does not scan the chain as quickly as the Meme page, it actually helps users further reduce the risk of being scammed, especially the lists of "burning pool" and "spending money on DEXScreener", which are also good trial pages for novices.

Sweep Chain Experience

But no matter what, chain sweeping is a rather boring thing, and in a PVP environment, players need to fight against the sky, the earth, and people, and sitting there all day may not yield any results. The following are some chain sweeping tips, I hope they will be helpful to novices.

Watch more, act less

"Watch more and act less" is what chain-sweeping experts often say. For PVP novices, watching Meme coins more instead of rushing to buy Meme coins will save a lot of "tuition fees". Carefully observe the K-line trend of a Meme coin and summarize the rules from it, especially for those Meme coins that you are optimistic about but ultimately did not survive. This can effectively improve your own understanding of Meme and your perception of the PVP market.

In short, on-chain opportunities are endless, but players’ capital is limited, and often a high-quality target will actually have ample time to get on board.

Double the cost

Doubling your investment is a trading strategy suitable for small funds and novices. When a Meme coin is in an upward trend, the spread of FOMO sentiment makes players afraid of "selling out" and do not want to take profits, and even lead to increasing positions. However, the collapse of Meme coins will be faster than the rise. If you don't have time to retreat, you may lose all your money.

Although the story of single coin A 7 or even A 8 is tempting, you also need to consider your own risk tolerance. At the same time, the perspective of Meme coins on the chain has reached an all-encompassing level. Whether a Meme coin can attract more attention is no longer a question of perspective. There are also forces such as the community, investors, and exchanges involved. Therefore, don't be easily infected by narratives and perspectives. You still have to make a profit.

Take advantage of the time difference and take a break

Finally, the body is the capital of revolution. Sitting around all day long will put a burden on the player's body and easily cause anxiety and other psychological burdens. Therefore, if you want to rest well and protect your body without missing the golden dog with a high probability, you need to grasp the time difference.

According to data analysis by Odaily reporter Nan Zhi, after 21:00 at night, the frequency of Golden Dogs jumped from 2% to 4%, and continued to rise, reaching a peak between 3:00 and 6:00 in the morning, and then fell back to 2%-3% in the morning (Related reading: Meme Cultivation Manual: I discovered the law of the golden time for the birth of "God Plate" ) . Therefore, players can choose to sweep the chain during the peak period of the Golden Dog's probability of appearing, and choose to recuperate at other times.