cz(@cz_binance) started by shouting $tst in a hesitant manner, and now he is also mentioning his pet dog on Twitter, it seems he really wants to get the meme going on BSC. So, how to play the meme on BSC? To do a good job, one must first sharpen the tools. This article will introduce the tools that can be used in the various participation processes.
I. Scanning the chain
The pump platform on BSC is https://four.meme/, we can check the coins in the internal order book on the【Board】page, and we can filter them in various ways; we can also check the market cap ranking and 24-hour trading volume ranking on the【Ranking】page.
II. On-chain tools
In addition to chain scanning, we can also use many on-chain tools to help us filter coins, mainly considering indicators such as market cap/pool, trading volume, number of transactions, and creation time.
The main on-chain tools are as follows.
1. UniversalX
Website: https://universalx.app/user/x/0x_zibu?inviteCode=E8LJSP
UniversalX (@UseUniversalX) is the first official application of Particle Network (@ParticleNtwrk), which can seamlessly call cross-chain assets in a non-custodial manner, without manual bridging and gas management. UniversalX currently supports Solana, BSC and 13 other mainstream EVM chains. UniversalX also supports mobile, with apps available on App Store and Google Play.
On the homepage of UniversalX, select【BNB Chain】in the【Radar】section, you can choose coins from different periods by "New", "Growth", and "Prosperity". The main filtering indicators are market cap, holders, trading volume, and liquidity.
For new projects, you can focus more on "New", for the second stage you can focus more on "Growth", and "Prosperity" is mainly for old coins with a long listing time.
【Highlights】The function has 4 rankings, including "Trend", "Gainers", "Losers", and "New Coins". "Trend", "Gainers", and "New Coins" can be the focus.
UniversalX also lists the coins on Binance Alpha, which can be viewed across the chain or only for a specific chain, such as BSC. This function is better than the Binance wallet, which cannot filter by chain.
2. debot
Website: https://debot.ai?inviteCode=175623
debot mainly has two sections: 【New Listings】and【Hot】.
The【New Listings】section is for new coins launched within the last 24 hours, which can be filtered by time period, market cap, trading volume, number of transactions, etc. Its advantage is the additional "Wallet Count" indicator.
The【Hot】section filters all listed coins by heat, with similar indicators to the【New Listings】section.
3. gmgn
Website: https://gmgn.ai/?ref=sxsy7oyJ
gmgn recently added support for the BSC chain, and was also retweeted and cited by cz. The BSC chain on gmgn mainly has two sections: 【New Coins】and【Hot】, similar to debot.
The【New Coins】section is also for new coins launched within the last 24 hours, which can be filtered by time, with a finer granularity; the security check is also supported for filtering, as it is common for some coins on EVM to not be open source, not renounce, and not lock the pool when they are just launched, so the support for filtering is very practical; other indicators are common, as shown in the image.
The【Hot】section filters all listed coins by heat, with similar indicators to the【New Coins】section.
gmgn also has a【Next Blue Chip】function on the BSC chain, but there is no data yet. Referring to the same function on the SOLANA chain, it is likely to be a selection of coins with potential, which can be focused on after they are launched.
When looking at the line, gmgn's【Holders】section has added a new feature, which can directly see the changes in the number of holders, the average amount held per holder, and the average buy price of the Top 100, which is very convenient to quickly assess the basic situation of the holders. There is a progress bar under each holder's address to show the remaining holdings of the current address, which is very intuitive and practical.
4. okx
Website: https://www.okx.com/zh-hans/web3
okx is more comprehensive, supporting various chains including BSC. The web version has richer functions than the Web3 wallet, and you can filter by time, hot, most searched, and newest indicators.
5. ave
Website: https://ave.ai/
ave is an old tool that has been widely used since the last bull market, supporting multiple chains, and also has an app for easy viewing. The BSC chain functions support【Hot Search】,【New Listings】,【Gainers】, and【Trending】four sections. Each section can be filtered by different indicators, and some indicators can only be filtered but not sorted, depending on personal preference.
ave has a separate section for the coins on Four.meme, supporting【Hot Internal Order Book】,【New Internal Order Book】,【About to be Full】,【New External Order Book】, and【Hot External Order Book】five sections. It's still good for chain scanning, and feels more comfortable than the official website, hopefully other tools will follow suit soon.
6. DexScreener
Website: https://dexscreener.com/
DexScreener is like ave, an old tool that supports many chains. DexScreener supports filtering by time period, trend, TOP trading volume/transactions, yield, new pools, etc., and you can also customize various filtering conditions, overall the indicators are quite rich. I have used DexScreener's filtering indicators to run data for a few years and developed some strategies.
The advantage of DexScreener is that it is comprehensive, but the disadvantage is that the K-line is a bit slower, a few seconds behind other tools. Its multicharts function is particularly useful, especially suitable for watching multiple coins, some other tools also have this function, but none are as good as DexScreener, although there are still some areas that can be improved.
III. How to Find Smart Money
Monitoring smart money is an effective way to obtain early-stage large MC memecoins and popular tokens on the current chain. More people are using it on Solana, and the BSC chain has been dormant for too long in this bull market, with many people around us not having accumulated smart money on the BSC chain. So how should we find smart money?
One is to use smart money from other EVM-based chains, such as the Ethereum chain and the BASE chain, and see if the smart money on those chains is active on the BSC chain. If it remains active, it can be used directly.
The other is to use existing tools to analyze the emerging large MC memecoins and find the smart money.
1. debot
Website: https://debot.ai?inviteCode=175623
In debot, enter the contract address of the token you want to analyze, and open the "Transaction Analysis" section at the bottom. We focus on the "Top Holdings" and "Top Earnings" sections.
"Top Holdings" is a list of the top 100 holding addresses, and "Top Earnings" is a list of the top 100 most profitable addresses.
Click on any address, and the detailed profit data and transaction records for that address will appear on the right side of the interface.
If we want to see the overall profit data, recent gains and losses, held tokens, and recent transaction records of an address, we can also enter the address in the search box to see the detailed data.
2. gmgn
Website: https://gmgn.ai/?ref=sxsy7oyJ
In gmgn, enter the contract address of the token you want to analyze, and pay attention to the "Traders" and "Holders" sections at the bottom.
"Traders" is a list of the top 100 most profitable addresses, which are further classified into "Smart Money", "KOL/VC", "New Wallets", "Developers", "Rat Nests", "Phishing Wallets", and "Bot Degens". We can sort by "Total Profit", "Realized Profit", and "Unrealized Profit" to filter out the smart money that meets our criteria.
"Holders" is a list of the top 100 holding addresses, which are also classified into "Smart Money", "KOL/VC", "Blue Chip Holders", "New Wallets", "Developers", "Rat Nests", "Phishing Wallets", and "Bot Degens". We can sort by "Capital Injection/Quantity" and "Total Profit" to filter out the smart money that meets our criteria.
Click on any address, and the detailed profit data and transaction records for that address will appear on the right side of the interface.
Currently, gmgn does not support analyzing the overall profitability and historical data of a single address. I hope gmgn can add this feature soon.
3. ave
Website: https://ave.ai/
ave also has analysis of "Holders" and "Top Traders".
"Holders" is a list of the top 100 holding addresses, which are divided into "Smart Money", "DEV", and "Snipers".
When we click the filter button behind an address, we can see the profit and transaction data of that address on this token.
"Top Traders" currently only lists the situation of the top 15 profitable addresses, with limited data.
4. Eagle
Website: https://dexscreener.com/
The "Top Traders" section of Eagle lists the top 100 most profitable addresses, which can be sorted by total profit and unrealized profit. The information displayed is limited, not as functional as debot and gmgn.
IV. Monitoring Smart Money
With the smart money, we need to monitor it so that we can know in the first time what these powerful people are playing on the chain. When it comes to monitoring, I recommend debot, which is the most feature-rich and granular monitoring product I've used.
debot's wallet monitoring is divided into two types: wallet behavior monitoring and wallet group behavior monitoring, as shown in the figure.
1. Wallet Behavior Monitoring
This monitoring is the ordinary monitoring that all tools have, but the monitoring of other tools is to push all the addresses to a Telegram group, while the advantage of debot is that it can divide the addresses into groups and then push them to different Telegram groups according to the grouping, as shown in the figure.
This way, we can establish different Telegram groups for push notifications based on the tagging, such as domestic players, overseas second-stage players, key addresses to watch, etc. Tools that can classify monitoring information are good tools. When I used abot for monitoring before, in order to achieve the effect of group push, I would first tag the addresses, and then after receiving the monitoring message in the Telegram group, I would do secondary distribution based on the tagging. Now with debot, I don't need to do secondary development anymore.
2. Wallet Group Behavior Monitoring
If we monitor a lot of addresses, there is an unavoidable problem: too many push messages. Too many messages will make the brain unable to process, and people will want to give up, which will defeat the purpose of monitoring. For this problem, my previous strategy was to do secondary development on the pushed messages, setting that if a certain number of different addresses buy in a certain time period, then push, such as if 5 different addresses buy in 30 minutes, then push. I used this strategy for about a year, and the effect was very good, greatly reducing the number of messages while not missing the hot tokens.
debot's wallet group behavior monitoring has just implemented the strategy I mentioned above, and it's even more refined, with finer granularity of indicators. We can monitor based on buying and selling, set monitoring time periods, transaction amounts, notification frequencies, and market capitalizations. It can fully meet various monitoring needs, and I strongly recommend this feature.
3. Grouped Token Transactions and Recent Transactions
After importing smart money into debot monitoring, we can view the "Grouped Token Transactions" and "Recent Transactions" in the "Observation Groups".
"Grouped Token Transactions" lists all the tokens that the smart money in this group has traded within a certain time period, such as 24 hours, and can be filtered and sorted by different indicators. When we haven't been closely watching the real-time monitoring messages of the smart money, but want to know what coins they've bought, this feature is very useful.
"Recent Transactions" lists the transaction records of the smart money in this group, sorted by time.
4. Holdings Details and Transaction Details
After importing smart money into debot monitoring, we can see the "Holdings Details" and "Transaction Details" in the "My Observation" section on the token's K-line page.
【Holdings Details】 This lists the data of all smart money that has traded this coin, allowing you to sort and filter by various indicators to see which smart money has already entered the market.
【Transaction Details】 This chronologically lists the transaction records of all smart money that has traded this coin, which can be sorted in ascending or descending order. This allows us to see which address in our smart money bought this coin first, which is very useful for identifying the fastest moving smart money.
V. Security Audit Tools
EVM chains have a major issue of being prone to 'Pig Demons', so conducting security audits before buying is a must-do operation. The main security audit tools are as follows.
1. goplus
Website: https://gopluslabs.io/token-security
goplus is a security audit tool that emerged in the last bull market, with investment from Binance Labs. Many tools currently interface with goplus's functionality, and it can be used through the web version, plugins, or its security audit API, which can be considered if running trading strategies with scripts.
2. honeypot.is
Website: https://honeypot.is/
honeypot.is was quite popular in the last bull market for its relatively accurate security audits, and they also provide an API.
3. tokensniffer
Website: https://tokensniffer.com/
tokensniffer is also a well-established security audit tool.
As there are many tricks and variants of 'Pig Demons' on EVM, it's recommended to use multiple tools to prevent losses due to issues with a single tool.
VI. Trading
The BSC chain was very hot in the last bull market, but many of the trading tools used at the time are now discontinued. Fortunately, more trading tools have emerged, and here are a few that are quite popular currently.
1. UniversalX
Website: https://universalx.app/user/x/0x_zibu?inviteCode=E8LJSP
UniversalX is a on-chain CEX that allows trading using balances from all chains. As long as the account has USDT, USDC, ETH, BTC, SOL, etc., trading can be done, currently supporting basic buy and sell functions, with plans to add features like market orders and limit orders in the future.
The advantage of UniversalX is that it is chain-agnostic - as long as there are basic tokens, you can trade on 15 chains. This is especially useful when other chains have no tokens and exchanges are stuck on withdrawals. Additionally, UniversalX has very fast charting and trading speeds, with auto-front-running protection, and supports mobile trading.
Furthermore, UniversalX has reduced trading fees for major tokens to one-thousandth, on par with CEXs, including $AI16Z, $Fartcoin, $ARC, $AIXBT, $TST, and more.
As Binance Labs has invested in them, they are expected to issue their own token this year, and trading on UniversalX would count as interaction, with the potential for airdrops.
2. debot
Website: https://debot.ai?inviteCode=175623
debot supports trading on the BSC chain, currently offering basic buy and sell functions, with plans to add front-running protection. One advantage of using debot is that it displays all the pools for the current token, which is the most comprehensive among the tools currently available, making it convenient to choose different pools for trading.
debot has a mobile app for convenient and fast trading.
3. gmgn
Website: https://gmgn.ai/?ref=sxsy7oyJ
gmgn now supports the BSC chain, currently offering basic buy and sell functions. The advantage of using gmgn is its convenient data analysis features, which clearly display the basic data of token holders.
gmgn also has a mobile app.
4. okx
Website: https://www.okx.com/zh-hans/web3
okx is a major platform that supports basic buy and sell functions in regular mode, with MEV protection to prevent front-running. The meme mode supports BSC Pikachu Pickup, allowing for fast buying and selling with preset parameters. The advantage is multi-platform coverage, supporting web, plugin, and mobile.
5. PinkPunk
Link: https://t.me/PinkPunkTradingBot? start=ref_8CEB8FBBC7EE9B050033
PinkPunk is a long-standing Telegram bot that supports multiple chains. The advantage is that in addition to basic buy and sell functions, it also supports limit orders and sniping, with relatively fast execution speeds.
