Information gap is Alpha: How to efficiently complete a closed loop of gold farming on the chain?

This article is machine translated
Show original

A cold market doesn’t mean there is no money to be made on the chain.

Even if market sentiment is weak, there are still structural opportunities on the chain. The tariff incident in early April caused a short-term fluctuation, but the funds and activity did not decline significantly. According to Dune data, as of the evening of April 21, Pump.fun had a project with a market value of over 5 million US dollars that day, and another 11 medium-sized projects with a market value of 100,000 to 500,000 US dollars emerged one after another - showing that funds are still actively looking for early targets.

In mid-March, affected by the sharp rise of MEME coins such as $mubarak, a well-known crypto investor, the BSC chain quickly jumped to become the new main chain for MEME transactions. Political narrative-driven tokens (such as RFC) have risen more than 10 times since their launch in early April.

In the current market situation, successful investors often do not rely on the overall market trend, but build advantages through "information asymmetry" and "poor tool efficiency". As on-chain speculators often say: "Ups and downs are not the key, the core is to gain insight earlier, enter and exit faster, and effectively avoid interference from abnormal orders."

The first is the information gap.

Security mechanism review

Before investing in MEME assets, ensuring the security of the target asset contract is a basic requirement. This can be reviewed based on the following four technical dimensions:

At present, third-party tools such as GoPlus and MEME aggregation platform GMGN can assist in detecting the above risks and are suitable for self-screening. You can also choose a one-stop tool represented by Bitget Wallet, which has completed a comprehensive screening of MEME coins. According to the characteristics of different chains, it ensures that the project party cannot do evil on the contract and the token has a high security standard.

Trend judgment

After obtaining the correct contract address, it is necessary to comprehensively judge its growth potential and heat spillover ability from multiple dimensions:

Narrative drive : whether there is a natural FOMO effect, such as being tied to a famous person (Musk, Trump) or a geopolitical event;

Community discussion : Focus on the content generated by real users in the community and the coverage of KOLs, and identify paid marketing noise from "three no" accounts;

On-chain funds : Determine whether there is a continuous net inflow of smart money/large amounts of funds, the transaction buying and selling ratio, the growth rate of active coin holding addresses, etc.

You can use data tools such as Dexscreener and Axiom to manually screen and track projects. If a project has more than 1,000 new addresses holding coins within one hour of its launch, and the number of purchases exceeds twice the number of sales, it is often a signal of high recognition by funds in the early stages of the market.

Entry time

To obtain an ideal entry point, players can usually pay attention to the following signal combinations:

Generally, this type of signal combination is considered to be an ideal entry window "before the first wave starts" or "after the first wave is confirmed".

Users can complete the target chain wallet configuration and Gas preparation operations in advance to avoid missing the window due to chain switching or handling fee issues. Some tools such as Bitget Wallet have a Gas conversion function. Deposit mainstream currencies such as USDT and ETH in advance, and automatically deduct the Gas fees of multiple chains during transactions.

Time to exit

Rationally identifying the stage top signal is crucial to controlling risks. Typical indicators include:

At this point, players are advised to adopt the following strategies:

Although the third-party tools mentioned above can indeed help users track and capture early projects, the overall process still relies heavily on users to actively invest time and energy in research, monitoring and operations.

Is there a way to further streamline this process so that users can participate more efficiently?

The answer is yes. Some wallet products have begun to integrate core functions related to Meme assets, from market monitoring and capital flow to interactive operations, to achieve full process integration and significantly lower the threshold for participation. This is what we call "tool gap": when tool efficiency is improved, users' decisions and operations can also be faster and more accurate.

Coinbase Wallet

Coinbase Wallet is a multi-chain wallet that focuses on security and user experience. It is more suitable for users who already use the Coinbase exchange and can be used to directly participate in on-chain MEME transactions.

Core Features

Differentiation highlights

The advantage of Coinbase Wallet lies in its natural adaptation to the Base chain ecosystem. It supports the Base network by default and simplifies the asset transfer and wallet connection process, making it a convenient entry point for trying new projects on Base. However, for players who are accustomed to strategic dog-hunting, multi-chain operations, and frequent transactions, the functions are relatively lightweight and the auxiliary capabilities are limited.

Bitget Wallet

Bitget Wallet is a comprehensive wallet-type trading tool that excels particularly in the MEME track and is suitable for young investors who want to efficiently capture potential projects.

Core Features

Differentiation highlights

Bitget Wallet encapsulates the entire chain of project discovery - potential screening - price setting - one-click trading - cross-chain Gas replenishment - safe exit in the same wallet, truly achieving no need to switch pages, no need to switch wallets, no need to worry about Gas, and no need to manually check contracts, which significantly improves the efficiency and security of MEME transactions. It is one of the very few one-stop tool wallets on the market that supports multiple chains and covers the entire process.

Trust Wallet

Trust Wallet is a well-known open source multi-chain wallet that supports basic MEME transaction operations and is suitable for players who already have experience and are accustomed to manually screening projects.

Core Features

Differentiation highlights

Trust Wallet provides most of the basic functions required for MEME transactions, but the paths are relatively scattered, which is suitable for players who have some experience and are accustomed to manually screening projects and transactions. Compared with other wallets, it provides credit card purchase functions on some tokens, which is more friendly to fiat currency users.

Phantom

Phantom is one of the most popular wallets in the Solana ecosystem. It natively supports new coin monitoring, DEX transactions, and on-chain interactions. It is suitable for high-frequency players who are deeply involved in Sol chain MEME projects.

Core Features

Differentiation highlights

The biggest advantage of Phantom is its high adaptability to the Solana chain's native MEME project, and the dog-beating process can almost be completed in the wallet. It is suitable for core users who pursue speed, closely monitor the market, and are keen on Sol's leading MEME. However, it performs generally in other ecosystems such as Base and BSC, and is not suitable for multi-chain dog-beating.

Summarize

Based on the above analysis of the functions of the four mainstream wallets in the MEME transaction scenario, we have compiled the following comparison table to help players briefly and quickly understand the functional coverage and ease of use of each tool in the "large MC memecoin" process. Although there is GMGN in front and AXIOM behind the dog-fighting track, for users who want to efficiently shuttle between multiple chains, quickly complete the shot and exit, and rely on one tool on the mobile terminal to get everything done, all-round wallet tools such as Bitget Wallet may be a more worthy priority option.

TechFlow is a community-driven in- TechFlow content platform dedicated to providing valuable information and thoughtful thinking.

Community:

Public account: TechFlow

Subscribe to the channel: https://t.me/TechFlowDaily

Telegram: https://t.me/TechFlowPost

Twitter: @TechFlowPost

Join the WeChat group and add assistant WeChat: blocktheworld

Donate to TechFlow to receive blessings and permanent records

ETH: 0x0E58bB9795a9D0F065e3a8Cc2aed2A63D6977d8A

BSC: 0x0E58bB9795a9D0F065e3a8Cc2aed2A63D6977d8A

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
5
Add to Favorites
11
Comments