Track Smart Money in Meme Coins

Meme Coin Trading: How to Track Smart Money and Copy Insiders for 100x Profits

0h 09m video Published Jun 21, 2024 INVESTCOIN INVESTCOIN
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Intermediate 7 min read For: Cryptocurrency traders and investors interested in meme coins, with basic understanding of blockchain and wallets.
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AI Summary

This video explains how to profit from meme coins by monitoring the wallets of insiders and smart money traders. It covers tools like DexScreener and portfolio trackers to identify high-performing wallets, and provides strategies for automatically copying their trades. The video also discusses how to independently find promising meme coins by evaluating trends, community strength, and influencer support.

[00:01]
Massive gains on meme coins

An example of turning $2,280 into $2.3 million in 8 hours, and another of making $1,705 from $1,360 on M Coin Ponky, now worth $2.3 million.

[00:41]
Why meme coins are popular

Cryptocurrency has become a game of attention; memes are the best attention mechanism. Lack of fundamental value is a feature, not a bug.

[01:22]
Meme coins as an uprising

Retail users are tired of venture capital games; meme coins represent a rebellion against traditional finance.

[02:03]
Institutional interest in meme coins

Crypto hedge funds like Stratos invest in meme coins. Franklin Templeton published an article on meme coins, and Vanguard launched an index including Dogecoin, Shiba Inu, Pepe, etc.

[03:07]
Strategy overview: copying smart money

The key strategy is to follow wallets that have made hundreds of X on meme coins and replicate their trades.

[03:20]
Using DexScreener to find top traders

Go to DexScreener, click New Pairs, sort by gains, and check the Top Traders tab for wallets with high PnL and early entry.

[04:03]
Identifying insiders and snipers

A trader who bought for $148 and sold for $57,000 is likely an insider. Snipers make many small purchases hoping one coin shoots up.

[05:34]
Evaluating wallet effectiveness

Copy the wallet address and use a portfolio tracker (e.g., The Bank) to check PnL (>$300,000) and winrate (>60%). Collect 3-5 such wallets.

[06:14]
Automating with bots

Use Telegram bots like CL Finance or E Drops to automatically copy trades from tracked wallets. Configure filters for transaction amounts.

[07:11]
Finding promising coins independently

Look for coins matching current trends (cats, dogs, frogs, political). Check community strength via Twitter and Telegram. Look for influencer mentions and use Sweet Scout for ratings and bot percentage.

[08:37]
Avoiding scams

Use a token checker (e.g., for Solana) to verify the token's safety before trading.

[09:30]
Risk management

Never invest more than you can afford to lose.

The video provides a practical guide to profiting from meme coins by tracking smart money wallets and using automation tools, while emphasizing the need for cautious risk management.

Mentioned in this Video

Tutorial Checklist

1 03:20 Go to DexScreener, click New Pairs, sort by gains (24h, 3d, 7d) to find recently issued tokens with high growth.
2 03:34 Click on a coin and go to Top Traders tab; look for traders with high PnL and early entry (e.g., bought for $200, sold for $300k).
3 04:16 Click 'exp' on a promising trader to view their wallet on the blockchain explorer (e.g., Etherscan, Solscan).
4 04:42 In the explorer, check the Token Transfers tab to see if the wallet is active and not just a sniper (many small purchases).
5 05:34 Copy the wallet address and paste it into a portfolio tracker like The Bank to check PnL (>$300k) and winrate (>60%).
6 06:14 Collect 3-5 such wallets and add them to an automatic copy-trading bot like CL Finance or E Drops in Telegram.
7 07:11 For finding your own coins: check trends (cats, dogs, frogs), community strength (Twitter, Telegram), influencer mentions, and use Sweet Scout for ratings.
8 08:37 Before trading, verify token safety using a token checker (e.g., Solana checker). Enter token address and check the safety rating.

Study Flashcards (8)

What is the main strategy for making money on meme coins according to the video?

easy Click to reveal answer

Follow wallet addresses of insiders/smart money that have made high returns and copy their trades.

03:07

What tool is used to find newly issued tokens with high growth?

easy Click to reveal answer

DexScreener (New Pairs tab, sorted by gains).

03:20

What indicators suggest a wallet is a profitable insider?

medium Click to reveal answer

High PnL (e.g., bought for $148, sold for $57,000) and a winrate above 60% with PnL over $300,000.

04:03

What is a 'sniper' in the context of meme coin trading?

medium Click to reveal answer

A wallet that makes many small purchases of many coins, hoping one will shoot up, often resulting in many losses.

04:57

What should you check in a portfolio tracker to confirm a wallet is worth copying?

medium Click to reveal answer

Check that the PnL is over $300,000 and the winrate is above 60%.

05:34

Name two Telegram bots mentioned for automatic copy-trading.

easy Click to reveal answer

CL Finance bot and E Drops bot.

06:14

What factors make a meme coin promising according to the video?

medium Click to reveal answer

Matches current trends (cats, dogs, frogs, political), has an active community on Twitter/Telegram, and is mentioned by influencers.

07:11

How can you avoid a scam meme coin?

easy Click to reveal answer

Use a token checker (e.g., for Solana) to verify the token's safety before trading.

08:37

πŸ’‘ Key Takeaways

πŸ’‘

Meme coins as attention game

Explains that technical superiority often loses to hype, which is the core thesis of meme coin investing.

01:06
πŸ”§

Copying smart money strategy

The central technique of the video: replicate trades of proven profitable wallets to gain an edge.

03:07
πŸ”§

Using portfolio trackers

Shows how to evaluate wallet performance with objective metrics (PnL, winrate) to avoid following unprofitable traders.

05:34
βš–οΈ

Independent coin evaluation

Provides a framework for finding gems beyond just copying: trends, community, influencer support.

07:11
βš–οΈ

Scam avoidance

Reinforces the importance of due diligence with token checkers, a critical risk management step.

08:37

[00:01] $2,280 into $2.3 million in just 8 hours, while another made $1,705 by investing $1,360 in December in mcoin ponky, which is now valued at $2.3 million.

[00:13] Hello friends. Yes, these are clear examples of earning money on meme coins that do n't happen that often, but 50-100 x is basically a normal profit for smartmoney and insiders. In this video, I'll show you how to monitor their wallets and

[00:27] how you yourself can earn tens, or maybe hundreds, of x on meme coins. Well, as a then search for promising memes yourself, but first, let's figure out why, with so many cryptocurrencies, meme coins are so popular.

[00:41] cryptocurrency has recently turned into a game to attract attention, and memes are the best mechanism for attracting this attention, so often the project with the best technological solutions does not win, but the one that creates excitement

[00:54] and the lack of fundamental value is not a disadvantage, but a feature of meme coins. Let's be Honestly, most people don't understand any technical aspects at all and don't even want to conduct any analysis in

[01:06] order to buy cryptocurrencies, so now it is especially important to conduct at least minimal analysis. Because this way you will be one step ahead of those who simply buy thoughtlessly. We have a trading club and a

[01:22] access. You can get it forever for free only under one condition: you are registered on the Bybit exchange using our link. We have now removed all user ID on the exchange. The Bat bot, which is in the description of the first link, will

[01:35] automatically give you access to the crypto bank in one second. But not only beginners pay attention to meme coins. The average retail user is also tired of those games that large funds conduct, buying coins and then, at

[01:50] launch, these venture capitalists close other people with just ordinary crypto. Thus, for some, meme coins are a kind of uprising against this entire financial system and all this venture

[02:03] capitalism, which is ground down, is of interest not only to ordinary users, for example. Crypto HF Stratos invested in meme coins featuring a dog in a hat called Viv, and Klin Templeton, one of the

[02:16] leading investment companies with assets under management of over $1.5 trillion, released an article on meme coins where they, of course, talk about the risks, but they don't call meme coins just funny pictures, but call

[02:29] them coins that don't require special technical knowledge, have low fees compared to other cryptocurrencies, and have the potential for quick profits. Avangard, the largest asset manager with $7.7 trillion, launched its

[02:42] index, which includes Dog Coin, Shiba Inu Pepe, VIF, Loki, and Bon. And of course, we see growing interest in meme coins. For example, Cryptorank recently published a study on

[02:54] narratives. Where can you see that over the past 12 months, meme coins are in the cryptocurrency, and in the latest report, Coin Geek compared the profitability of the ten largest coins in each segment of the crypto market, specifically the M coin sector

[03:07] yield of 1.3% Well, one of the strategies for making money on meme coin is to follow those who have already repeatedly made hundreds of x on other mcoins and just repeat their transactions for this, go

[03:20] to the Dex screener website here we find the New payers tabs and find a recently issued token whose value has increased over the past few days here we can sort them in 24 hours in 3 days in 7 days this coin in 24

[03:34] hours, for example, gave 26,000 pro we can go to it and here in the Top Traders tab we look for traders with the highest pnl and with an earlier entry point Well, on this coin, not all statistics are visible, let's choose another one also in the

[03:49] Top Traders tab here we see how much a person bought coins for and how much he sold it for If you saw that a person bought a coin for $ 200 and then sold it conditionally for $ 300,000, this means an insider or some kind of Sniper For

[04:03] example, on this coin there is a person who bought for $ 148 and sold for 57,000 dollars if you saw a person who made 50-200 x, then this is smartmoney or an insider who is also useful to us and whoever he is, he will

[04:16] still lead to transactions that will bring us a lot of x opposite this trader, we press the exp button and we are transferred depending on the blockchain in this case, on aers Scan, you can be transferred to binance machi

[04:28] or to co Scan depending on which blockchain the coin is in here see all the transactions the tokens that are on his balance we can click here and see the full list we are interested in this tab token

[04:42] transfers and here we look whether he is making any other transactions or the wallet is use, then we can basically find the main wallet Where he sent the using in this case we see that the wallet was used and was used

[04:57] recently then we look how many transactions he made What kind of transactions he made is like this So-called snipers who make multiple transactions. You can see them constantly making purchases, purchases, purchases. They

[05:09] buy a lot of coins with these 150 dollars and a lot of them are constantly lost, one or two coins then shoot up. They earn a lot of because they can open hundreds of transactions per day and you won’t have time to

[05:22] buy everything they buy. If the wallet is active and not engaged in sniping, doesn’t make 1,000 purchases of different ones, then we can analyze how effective it is. For this, copy the address of

[05:34] this wallet here at the top, click copy address and go to the portfolio tracker. I will use The Bank. You can use any other. There are many. Look for this address here. Check that the PNL is from 300,000

[05:46] here. Check that the PNL is from 300,000 dollars and the winrate is more than 60%. In this We are here on the history. Although we can see that, in principle, we had such a quick jump there from 100,000 dollars to 280

[06:01] 250,000 but still it's quite small, it's possible. This person is repeating someone's transactions, or maybe not, but we need to collect wallets with such indicators, from about three wallets to children, this will be enough,

[06:14] wallets and repeat the transactions that these people make. You don't have to manually. You can do this using automatic bots, for example, on CL Finance there is such a bot, there is also a separate E drops bot in Telegram, the most

[06:28] important thing is not to choose a fraudulent one. Here is its address and here you just click start, click add wallet, select, enter the address, for example, this one that we entered, you can add certain networks.

[06:43] We have them by default, they are all selected, we can disable some networks and at the bottom, click done, we can enter the name of the wallet or set it as default, we can also add another wallet. We can also edit here,

[06:57] which we set the transaction amount there, and so on. That is, these are filters under If the transaction amount is less than a certain value, then we simply will not transactions will come. Now let's tell you what to pay attention to in order to find

[07:11] promising coins yourself. Let's also go to the New pays tab for, for example, 3 attention to so that the coin matches the trend: the name of the coin, the logos should fight with the trends that are currently on the market, there are either cats, dogs, frogs

[07:27] or some political ones. We can also go to the coin and see how strong its community is. Here on the right there is a website, Twitter, Telegram, we can go to their official Twitter account, for example. Well,

[07:39] here, for example, is just a link to the post, and on Telegram, we can big their community really is. I would certainly not recommend you pay attention to desirable that the project have some kind of community on Twitter, otherwise

[07:56] this often happens when a project comes out and just happens. Here is a sale like this on the project page. Click on the followers and look in the really cool influencers who are very important for new projects, and these are just

[08:11] Influencers could become the growth driver in the future, also on Twitter in X. You can go to the popular tab, search for the project there, or just search and see if the project is mentioned at all in the posts of any

[08:25] influencers or if it is mentioned at all by anyone. It should be highly recognized in the community and the project should be well-known. Also, try to find the project developers and their previous background to understand what experience they had

[08:37] before and how their projects were doing. Of course, it is worth considering that if the coin is at an early stage, its social networks may not yet be promoted. You can use sweet scout here. You can see ratings,

[08:50] how the number of subscribers of the project grew, its followers, the percentage of bots in the bots as possible. Real people if influencers with a rating here, look for a rating greater than 200. It is quite possible that these people will

[09:05] give the project further impetus for growth. And of course, to avoid falling for a scam, be sure to check the project token, enter it here, for example. This is for Solana. You can find similar checkers for other blockchains. Here you

[09:18] simply enter the token address, click check, and the platform will analyze this token and give you an assessment. If the project is safe, then proceed to search for an entry point and trade. Also, remember that trading M-

[09:30] never invest an amount that you cannot afford to lose. I hope this information was useful for you. Use wisely for now.

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