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What’s up degens!
I have come with a strategy I used a few months ago to research and pick new pairs in hopes of 3-5x my investments.
I managed to get from a few hundred dollars to something around $10k with this strategy, while other people made much more and others lost it all.
If you've been trading memecoins before your grandma was born and have more experience than the builders of the pyramids, this guide is not for you.
This is for the newcomers and traders that have been here for a few months.
Before getting into the guide, let me emphasize that this is a VERY VOLATILE market. While some of you can make life-changing money, be prepared to lose everything that you invest. NEVER EVER indulge in trading memecoins/shitcoins with money you are not prepared to lose.
If you plan on trading with your first salary or your savings, STOP here. Do NOT under any circumstances put money on any coin using this strategy. You will probably lose it all and then get depressed.
With that out of the way, let me get into this guide.
As with lot of you, the platforms I use for finding and checking new coins are dexscreener and birdeye. I use them both because they supplement each other well.
I start my research process on Dexscreener. On the left side, you will select Solana since we’ll be trading memecoins on that network. There, you will be greeted with a table of trending coins in the past 24 hours.
While this is a good overview of coins that you could make money on, most of them have already pumped and dumped.
Some of them will repeat the cycle one or more times, but most of them have already lived their life.
Our goal with this strategy is to catch new coins that were just launched and haven’t gained traction. We plan on adding $5 - $50 on a few of them and hope that some of them will 20x which usually happens with at least one coin per day or two.
Keep in mind that you can’t accurately predict which coin will succeed and that at the end of the day, you’re just relying on your luck no matter how much research you do or how much technical knowledge you have.
However, with this guide you can at least minimize that risk a bit.
To find the newest coins, first off go to the Rank by option at the top right corner above the table. There, order them by Ascending, scroll to the bottom and select Rank by Pair age: https://imgur.com/5H8JBZ8
This will show you all the newly launched tokens.
When you open any token, you can scroll a bit down and on the right side you will see token information that includes the pair age:
This token in the example is only 2 minutes old.
Now go back to the coins overview page. Let’s filter them. To do so, go to the Filter option next to the Sort option at the top right corner of the table. Select the following parameters: Min Liquidity: $2000 Max pair age: 3 hours
Now, we’re only looking at tokens in the past 3 hours with some minimum acceptable liquidity. Any token with less than $2000 in liquidity is not good for trading since the impact on the price after any trade will be pretty noticeable.
From here, I start observing a few things - Volume, number of transactions and holders. We don’t want coins that don’t have any coin movement.
I usually don’t trade ones with less than 100 holders, but I’ve seen snipers that enter immediately as the coin appears on the blockchain.
One final thing I check on Dexscreener is whether the token is advertised. If the token is advertised, you will see this banner on the side: https://imgur.com/a/tSd5ILP that includes more info about the token, as well as social links and website.
This costs $299, and it usually adds another layer of trust for the token.
From personal experience, tokens advertised on Dexscreener are around 3 times more likely to succeed than non-advertised tokens. HOWEVER, keep in mind that this advertisement doesn’t mean that the token is good. 90% of advertised tokens will still turn out to be unprofitable or straight out rugpulls.
From here, I go to birdeye and check the coins there.
When there, I first check if the security of the coin, found on the left side of the website: https://imgur.com/fv7Z079
It’s important for the token to not be Mintable and to have the Ownership renounced, as in the picture above. This doesn’t mean the coin is not a scam, but it lowers the chances since the owner can’t make additional changes to the token and can’t mint new tokens.
I then go to the First Mint Tx address and check it on solscan. I open the account to which the token was minted and I check how that address distributed the coins.
Here’s an example of a token with 1.000.000.000 total supply: https://imgur.com/f6GFAuR
As you see here, the account received the total supply upon mint and then distributed it across different wallets. The last wallet, that received 80% of the total supply is the LiquidityPool. The other wallets are wallets from the creator who plans on dumping these tokens in the LP once the price of the token increases.
This is a bit different from a traditional rugpool, but still puts the creator of the token in an invisible advantage over other traders.
So in the case of this token, you can decide whether those 20% advantages that the creator gave himself are something you want to back off from. In most legitimate projects, these tokens are usually frozen for an extended period and then used as salaries for team members, marketing purposes etc.
In the case of memecoins they have no other purpose than to give free money to the coin creator.
The last step of my process is to check the coins socials, especially Discord (if they have one), Telegram and X. I also search the token name on Reddit and see if people are commenting.
Make sure to make critical observation of the communications on platforms such as Discord and Telegram. See if there is real engagement and people talking. If there is, it is a vital sign for the token and this increases the chances of success.
Here is usually where my analysis ends. I repeat this dozens and dozens of coins and pick the ones that satisfy the provided criteria.
I put money I can lose to all of them ($5-$50) and hope that one of them will 10x, 20x or 100x.
I use a tool to autosell at the milestones that I want to reach, which is usually more conservative than most traders here.
For example, I sell 20% of the tokens at 2x, 50% at 3x and then the rest at 6x. I also have stop loss set in place, in case the token starts tanking, I sell it all automatically.
Hope you guys found this guide helpful.
Link for the tool -
