Monad Meme Handbook: How to Discover the Next 10,000x Meme Coin

CN
7 hours ago

Original Author: Adah

Original Compilation: AididiaoJP, Foresight News

In this article, I will cover the following tools and strategies:

  • Tracking wallets and sniping early releases
  • Managing risks, positions, and profit-taking
  • Monitoring social media for early contract addresses and information advantages
  • New token discovery
  • Following profitable traders.

Let's start by exploring how to find these tokens in the first place.

1. Token Discovery

Early discovery accounts for 90% of the workload, and to be able to discover early, you must understand the various stages of token discovery.

Token Creation > Indexing > Social Discovery

Token Creation:

This is the earliest stage of token discovery. At this point, the creator has chosen a code and a launch platform to deploy the token. Your goal at this stage is to be one of the first to receive an alert when they click "Launch."

To succeed, you need two things: the creator's wallet address and a wallet tracker.

Fortunately, @poptyedev has created a wallet tracker specifically for enthusiastic traders on Monad.

Most creators publicly share their wallet addresses on the X platform, but it is likely they will switch to a new wallet on the mainnet. However, tracking the addresses you already have is also fine; you might get lucky.

Indexing:

This stage is when the token becomes searchable on block explorers, DEX aggregators, and analytical tools. At this time, token data is parsed and displayed as human-readable text. This information typically includes the name, code, total supply, contract address, percentage of top holders, and recent transactions.

Depending on when you discover the token at this stage, you may still be considered early or super late. Regardless, the information obtained here can help filter out tokens that are heavily sniped, bundled, have honeypots, or have already rugged.

Tools you can use at this stage:

  • @GeckoTerminal
  • @definedfi
  • @dexscreener

Geckoterminal token discovery page

When you see a token listed on any of these platforms, it means it is already tradable on popular DEXs and aggregators, which means all eyes are on it. The best way to find early gems at this stage is to filter newly created tokens or liquidity pools.

Social Discovery:

By this stage, the token's contract address or code has spread on social media platforms. If you discover a token at this stage, remember that you may be providing exit liquidity. This is why it is crucial to ask yourself these questions before you follow the trend to buy:

  • How many minutes have passed since this contract address was posted on X/TG?
  • Who might have bought this token before the address was posted?
  • Is this a stealth launch? A timed release?
  • What is the current market cap?

Honestly, you might still get lucky and catch an early token at this stage by tracking certain KOLs and founders on social media. To do this, you need a tweet tracker like TweetShift, or turn on notifications for accounts you consider high-value.

Example of a meme release from a high-value account

Trading Terminals

Now that you have found the token's contract address, you are ready to follow the trend to buy. What trading options do you have for Memecoin on the first day of Monad's mainnet launch?

I have compiled a list of trading terminals that have announced support for trading Memecoin on the mainnet.

@The_BlockBot: This is a high-speed, low-latency Telegram trading bot developed by @BlockLabsX. It offers powerful features such as:

  • Low-latency token execution
  • Real-time token pricing and profit/loss tracking
  • Custom entry and exit for trades
  • Custom automated buying features for token launches
  • Portfolio tracking and management

Personally, this is one of my favorite bots to use. The team continuously rolls out new features, fixes bugs, and engages with the community to introduce updates that are genuinely useful to them. The bot is currently in private testing but will soon be open to the public for everyone to use.

2. Seer @seertrade:

Seer is a trading terminal incubated by Retardio that combines on-chain data and social insights to provide a real advantage for traders in the "trenches."

Through Seer, traders can access:

  • Wallet and portfolio tracking
  • New token launches on Monad and Solana
  • Advanced charts and analytics
  • Social intelligence integration (signals from X and Telegram)
  • Token chat rooms and collaboration channels
  • Advanced trade management tools

Currently, access to the beta version is limited to holders of the Seer Founder Pass. Access will eventually be opened to the public on the Monad mainnet.

3. Opsin @opsinfinance

Opsin offers a close alternative to SEER with similarly powerful features:

  • Multi-tab trading terminal
  • Analysis and spot trading tools
  • Multi-chain trading across multiple chains, including SOL, BNB (Monad, Mega, Abstract are in development)
  • Tracking and automatically sniping token calls in social groups
  • Real-time monitoring and wallet tracking
  • Trading cashback + points multiplier (Alpha Points)

This is currently its V1 version, and it will evolve to include derivatives, perpetual contracts, and autonomous trading in the future. Alpha testing is currently underway. To gain access: please enter Discord and fill out the form in the announcements channel.

4. Fomo @tryfomo:

Fomo is a mobile-focused trading application that simplifies the token discovery process, allowing users to seamlessly follow the trend to buy within the app and keep track of other enthusiastic traders' trading activities. They recently announced support for trading on the Monad mainnet.

Finally, users can also trade on native launch platforms: @naddotfun, @SomethingMonad, @cultdottrade, @Morpheus_Farm.

Sometimes you just need to keep an eye on the newly created tabs on the launch platforms to catch those skyrocketing tokens: no fancy techniques, just wide-open eyes and a dream.

Strategies and Random Tips

  • Capital preservation is paramount; avoid putting all your funds into any single trade.
  • Allocate a fixed percentage of your portfolio before you start trading.
  • Before following the trend to buy any token, develop a pre-planned trade management plan (entry, exit, and invalidation points).
  • In most cases, blindly chasing highs will lead to significant losses.
  • A few exceptions for chasing highs: early participation in project token launches (market cap below 1 million) or Keone launching Memecoin.
  • Tokens will always experience a 40-60% pullback. If the project narrative is good, place buy orders during the first deep pullback.
  • At some stage in trading, be sure to withdraw your initial capital.
  • Be clear about when you are obviously providing exit liquidity and stay away.
  • Don’t assume every token will moon; actively take profits.
  • Leave some positions in case we create the next PEPE on Monad.
  • If the top 10 holders hold more than 20% of the tokens, it’s best to wait for some whales to take profits before entering.
  • Learn to identify honeypots and rugged tokens.
  • Be cautious if developers hold more than 5%.
  • Search for token contract addresses on Twitter to understand the social narrative and the circles promoting the token.
  • Carefully check the distribution of any token before following the trend to buy: are there obvious bundles or clusters, how much do developers hold, do the top 10 holders exceed 20%?
  • Pay attention to the native token price charts and closely monitor the sentiment on the timeline (to help you time your exit from the market).

Conclusion:

The Monad mainnet is about to launch, and trading Meme coins will be one of the many huge opportunities that arise in the initial weeks of the mainnet. The goal of this article is to prepare you accordingly.

Most importantly, create a solid tool stack: mindset, social circles, channels for information advantages, code watchlists, fund allocation, preferred cross-chain bridges, etc., to be ready for trading on the first day of Monad.

Good luck, and don’t become exit liquidity.

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