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Want to seize the explosive opportunities in the memecoin track? You need to learn how to use the right tools and avoid regretting it when the hot trend has already cooled down.
Start with the basics—scanning the blockchain and monitoring Twitter are essential tasks. Keeping an eye on blockchain data and social media hotspots allows you to spot early signs before others. Once a certain topic starts to break out, immediately search for tokens with the same name and observe the market reaction.
The key is to follow the right people. Find KOLs who have a keen sense in memecoin. Their actions often reflect the market pulse. Missing out on the first wave is no reason to blame yourself; the focus should be on learning how to catch the second wave—this is often the easiest entry point for retail investors.
The final tip is to track the movements of smart wallets. These funds often lead the market by half a beat. Combining on-chain monitoring data, you can build your own trading system and find your rhythm in this fast-paced, iterative track.