Tools for a successful memecoin trading session on Solana. (Part 1)
Always, and I mean ALWAYS trust your gut.
We love Solana, we’re degens, but it’s full of scammers.
You think you should get out and sell everything?
Sell everything and move on, whether you’re in profit or loss!
We want to minimize losses trading memecoins, right? This is what we’ll do in this article.
I’m no mentor, I work a regular job. Give me 1–2 years, and trust me, I’ll quit. Because I’m doing great in crypto and memecoins.
Now, let’s jump straight into our tools.
#1. Dexscreener.com
Everybody knows this, right? It’s way better than Birdeye or Dextools. Here, we’ll analyze holders, volume and more. I always use these filters:
Also, I always check the volume in the last 5 minutes.
If the volume in the last 5 minutes is more than $200k, you’re looking in the right direction.
Now let’s say our coin, “passes” all these checks, what do we do next?
#2. Rugcheck.xyz
Simply, just paste the contract address here:
We’re looking for coins with burnt LP, coins that top holder don’t hold 183% of the supply. Rugcheck checks all these info for you, in 2 seconds.
We’re looking for something like this:
We avoid coins like this:
You WILL get scammed and lose your hard earned money if you buy these!
Remember, we’re buying memecoins. We’re gambling. What we’re trying to do is minimize this risk! Now, let’s move on.
#3. Spybox
This is a telegram bot, which tracks followings of your favorite crypto influencers. Simply start the bot, type /add and add a twitter account.
Now, I’m tracking accounts that Andrew Tate is following. Let me show you an example now.
Tate followed this coin. You know what happened right after?
This huge green candle happened. Obviously you need to be fast, to buy on time and secure a nice entry. This drives us to our next tool
#4. BullX
This is the fastest, and best bot around. They have also announced an airdrop that’s coming soon.
You just paste your contract address in the search bar and buy your coin. For memecoins you’ll need high slippage and a good prio fee. I use 50% and 0.01 respectively.
To access, you’ll probably need an access code. For a fee discount you can use mine if you wish: 2FFDHF8MAYH
The more you trade, the bigger your airdrop will be. You can follow their twitter for updates on their airdrop.
That’s a wrap for now guys. I have a second part coming very soon, with even more tools.
