Step-by-step guide: How to hunt for 100x Meme coins
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Step-by-step guide: How to hunt for 100x Meme coins
Step-by-step guide with images and tutorials, guaranteed to teach you effectively.
Navigating Web3 tides with focused insightsAuthor: dddd, Viee (Core Contributors of Biteye)
Editor: Crush (Core Contributor of Biteye)
How do you find 10x or 100x Meme coins? Last week, the veterans at Biteye shared three strategies—read more in this article: How He Made 7 Million in 10 Days?
Today, we’ll walk you through practical steps to identify valuable Meme coins using specialized tools!
Step-by-step guidance with detailed breakdown, you’re sure to gain insights. 👏
Biteye has also compiled a list of 40 extremely useful Meme coin tools, covering on-chain monitoring and analytics tools—grab it here if needed: How to Spot 100x Opportunities? The Ultimate Meme Coin Tools Guide!
We recommend studying the tools guide first before reading this article.
As shown in the chart, many of the large bubbles representing top monthly performers are Meme coins.
Without further ado, there are two main methods to find valuable Meme coins: 1. Active search 2. Passive search
01 Active Search
Characteristics: This method suits those with ample free time, as it requires continuous chain monitoring, primarily aimed at discovering new Meme coins.
Specific steps:
1. Identify chains where speculative "penny doggo" trading is active. Open Dexscreener (currently a free and highly effective tool), go to the left sidebar and select Gainers & Losers. Observe which chains host the top 20 performing tokens over the past 24 hours, then determine which chain appears most frequently. For example, in the image below, Solana hosts the majority of high-performing tokens.
Using Dexscreener to observe the most active chains for top 20 tokens by 24-hour performance
2. Once the chain is identified, click on New Pairs in the left sidebar and set the chain to the one found in step 1—e.g., Solana. Review the top 10 tokens and use their names, Twitter accounts, and websites to understand current trending narratives.
3. Apply filters on the New Pairs page:
Liquidity > $10k
Age < 48H
4. From the filtered results, shortlist the top 10 tokens and further filter based on project Twitter, Telegram, and holder data:
- Use Cryptohunt to check Twitter KOL engagement and follower growth.
- Evaluate Telegram communities based on chat volume and activity.
- Check on-chain token holders via Solscan browser; for newly launched tokens, a holder count between 1,000–2,000 is relatively stable.
Use Cryptohunt to analyze Twitter KOL attention, related posts, and trend insights for relevant tokens
5. Add selected tokens to your watchlist on Dexscreener, monitor them closely, and set price alerts—for example, at support levels or breakout points.
6. Choose suitable trading tools. Currently, Telegram bots like Pepeboost are popular and convenient. For a detailed comparison review of Telegram trading bots, read Biteye’s article: How Can Beginners Jump Into Penny Doggos? The Most Detailed Solana Trading Bot Comparison
02 Passive Search
Characteristics: This method is time-efficient and doesn’t require constant chain watching, but does require periodic effort to identify smart wallets.
Specific steps:
1. Pick a recently trending Meme coin, such as $Goat. Open its corresponding page on Dexscreener, go to Top Traders, and look for insider wallets—those that invested little but gained significantly.
Taking the top-performing trader wallet as an example, no purchase cost is displayed
2. Analyze the wallet: If no buy-in cost appears on Dexscreener, the tokens were likely transferred in. Trace back to the original purchasing wallet using a block explorer (like Solscan) or dedicated address-tracking tools (such as Coinstats), which allow you to view the address’s portfolio and quickly identify related trades.
Solscan block explorer reveals transaction history, showing Goat tokens were transferred from another address
3. Deep-dive analysis: Examine the wallet’s performance across other tokens.
Coinstats analysis of the wallet’s portfolio shows it's typically a temporary wallet with no major holdings
4. Monitor the wallet: Use Cielo to track the address so you can enter positions at favorable prices later.
03 Summary
1. Choose either active or passive methods based on your situation—or combine both.
2. While engaging in short-term trades, maintain long-term positions (e.g., leading Meme coins). Short-term trading carries high risk of loss; stable long-term positions with strong narratives help hedge against risks from speculative PVP trading.
3. Add to winning positions; cut losses promptly when losing.
4. Lastly and most importantly: Never fall in love with the coins you buy! (Learned the hard way)
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