Meme runs away after rushing? 2 Tools for Token Analysis

By @TheDeFISaint

Compile: Biteye core contributor Crush

The success of $PEPE triggered a new wave of meme coins, but compared to skyrocketing all the way, RUG and junk coins are the norm.

How to avoid such a situation when investing in meme coins? Today this guide may help you.

There are usually a lot of tools we can use, but as my mentor @thedefieedge said, there are not many tools, and using a certain tool well has surpassed many people.

01. Find your own Alpha

Everyone seems to be a researcher since the meme narrative, and there are a few places we usually look for memes:

• Dextools

• Analysis tools such as Blockpour, Kyberswap Discover, etc.

• TG channel, Discord community

• Even the big V you follow issued meme coins

02. Specific steps

step 1

Let's use the following memes as a case study

• $BABY

• $SOURCE

• $BOBO

No matter where you see these memes, the first thing you should do is use @bubblemaps to analyze them, our goal is to ensure that there are no large players potentially holding a lot of chips, if they use multiple wallets to hold a lot It is very dangerous to smash the plate after the chips.

Let's start with $PEPE and see what a uniformly distributed token should look like. For ease of analysis, I have removed the exchange address here.

It can be seen from the above figure that there are not a few people holding a large number of tokens, which shows that RUG or smashing is less likely. However, we still need to pay more attention to the addresses of these large investors. The red box on the right shows their position rankings.

Then let's check another token $POGAI for comparison.

From the above figure, we can easily find that the number one address 0x9….77e5 is related to all other addresses of different sizes, and has been transferring assets of about 32 ETH to these addresses.

Is this the contract deployer transferring tokens to his or his friend's wallet?

I checked the address through Debank and it turned out it was just a big guy who made money in the meme narrative.

By comparing $POGAI to $PEPE, we can see the difference between the unusual activity of these coins.

We just said that 0x9....77e5 transferred assets to other addresses, but before that, 0x9....77e5 has received 3000 $ETH from the address 0xb....3300 one after another.

What we do know is that these addresses have been transferring funds to each other for a long time between the release of $POGAI, and the earliest records can even be traced back to 8 years ago.

In this case, you should pay attention to the potential risk of smashing the market. At the same time, the operations of these large players are worth tracking and analyzing.

Step 2

After analyzing these tokens with Bubblemaps, you can then go to DedotFI for token checking, which can also effectively reduce the risk.

From the above figure, we can see that $PEPE's contract has no potential RUG risk and other common smart contract vulnerability risks.

The situation of another meme coin $BOBO is not optimistic. Through tool inspection, we can find that its risk is very high.

The above are the few steps I took when buying meme tokens. Only through the above two tools can you quickly judge the risk when analyzing any token.

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