To find new meme coins early, you need a strategic approach. Start by using crypto market aggregators like CoinCodex to identify trending cryptocurrencies. These platforms provide insights into both popular and undervalued coins, so it’ll help you spot potential opportunities before others do.
Monitoring on-chain activity through tools like Etherscan and Dune Analytics will give you deeper insights into holder distributions and transaction patterns. Engaging with crypto communities on social media platforms such as X (Twitter) and Discord will also uncover emerging discussions. Also, it’s a good idea to track whales and smart money addresses to further improve your chances of finding lucrative meme coins ahead of the game.
Key takeaways
- Use CoinCodex to spot trending and undervalued meme coins through its technical indicators and community monitoring.
- Analyze on-chain activity using Etherscan, DexTools, DeBank, and Dune Analytics for insights into wallet interactions and trading volumes.
- Monitor social media platforms like X (Twitter), Reddit, and Telegram for emerging trends and influencer announcements.
- Follow notable crypto investors and whale addresses on platforms like Nansen and Whale Alert to identify promising projects.
- Engage with communities on forums and chat groups to gauge community interest and differentiation between organic and artificial hype.
Use CoinCodex to find meme coins with potential
To find new meme coins with potential, CoinCodex can be a good starting point as a thorough crypto market aggregator. It features a trending cryptocurrencies section that highlights popular meme coins with low market capitalizations, which indicates potential growth opportunities. This section is ideal for identifying emerging trends and coins that could be the next Shiba Inu.
For more insights, explore the undervalued cryptos section on CoinCodex. This area uses technical indicators like the Relative Strength Index (RSI) to identify meme coins with strong investment potential. This allows you to spot undervalued meme coins that might be ready for an upswing.
Additionally, you have access to exhaustive historical data and price tracking. Here, you can analyze trends over time. CoinCodex also has a page dedicated to meme coins, which can serve as a nice overview of the broader meme coin market.
The platform also features a prediction section that evaluates key technical indicators, such as moving averages and the MACD, to assess the momentum of coins.
Track activity on the blockchain
Track activity on the blockchain using tools like Etherscan, DexTools, DeBank, DexCheck, and Dune Analytics to monitor transactions, liquidity, and investor sentiment.
Regularly check these platforms to identify trends and patterns that might signal emerging meme coins. These tools help you visualize transaction flows and trading volumes in real-time.
Etherscan
Etherscan is the most popular Ethereum block explorer in the world, and for good reason. It provides a truly comprehensive overview of all the activity on the Ethereum blockchain and can provide extremely useful information when used correctly.
Using Etherscan, you can explore the on-chain activity for Ethereum-based tokens and gain valuable insights into transactions, wallet holders, and token transfers.
This platform allows you to analyze the number of wallets holding a specific token, which can gauge its popularity and potential investor interest.
Use Etherscan to check the activity of the token’s biggest holders or wallets belonging to the project’s team. If they are selling, it’s probably not the best idea to buy the meme coin you’re analyzing.
Additionally, Etherscan’s token tracking feature displays real-time data on price, volume, and market capitalization for ERC-20 tokens.
By the way, if you’re trying to analyze a meme coin that’s not on the Ethereum blockchain, there are also plenty of other tools available on the market. For example, BSCScan is a good explorer for BNB Chain, and Solscan is a strong option if you’re looking to check activity on the Solana blockchain.
Key features:
- Token tracker: Allows users to track the price, volume, and market cap of any ERC-20 token, which is the most popular token standard among meme coins.
- Transaction tracking: Lets users track the status of any Ethereum transaction, as well as view detailed information about the transaction. This can be useful to see if shady things are going on with a new meme coin.
- Smart contract analysis: Etherscan allows users to view the source code of any Ethereum smart contract and track all transactions and events associated with the contract. This can provide valuable insight into any potential security risks.
- Account balance and token holdings: Allows users to view the ETH balance and token holdings of any Ethereum address. This can be helpful for users to track their own assets and to identify any suspicious activity.
DexTools
DexTools, another powerful tool for monitoring blockchain activity, offers real-time data on trading pairs and price movements.
This tool allows you to monitor activity on decentralized exchanges effectively. It lets you analyze token trends using charting tools that display historical price movements and trading volumes. This means that you can identify coins that are gaining popularity.
DexTools also offers whale tracking features, which enables you to observe large transactions and wallet activities. These insights can indicate potential price movements for specific memecoins. Custom alerts and notifications can be set up to keep you informed of significant price changes or market activities related to new memecoins.
Additionally, filters allow you to search for tokens based on specific criteria like liquidity and launch date. This is great for identifying promising new projects in a crowded market, for instance.
Utilizing DexTools will help you track memecoin activity and identify emerging trends, providing essential insights to navigate the dynamic world of meme coins effectively.
Key features:
- Real-time market data: DEXTools provides real-time market data for a wide range of DEXs and tokens, including price, volume, and liquidity. This data can be used to make informed trading decisions, especially when trading meme coins.
- Charting tools: It offers a variety of charting tools, including candlestick charts, line charts, and OHLC charts. These tools can be used to analyze market trends and identify trading opportunities.
- Whale tracking: Allows users to track the activity of large wallets, also known as whales. This information can be used to identify potential market movements and to avoid getting caught in pump-and-dump schemes.
- Alerts and notifications: DEXTools allows users to set alerts and notifications for specific events, such as price movements, liquidations, and token swaps.
DeBank
DeBank is a platform that provides a DeFi portfolio tracker. You can use it to check which tokens a particular blockchain address is holding and all of its transactions. If you’re wondering how to find new coins early, meme coins included, one of the best ways of doing so is tracking the activity of “smart money” addresses that have made highly profitable moves in the past.
For example, it might be worth it to check meme coins that have displayed big price increases in the past, and find addresses that bought them early. You can check these addresses on DeBank to see if they are buying any new meme coins.
Learning about the moves made by the most profitable traders is one of the best ways to increase your chances of succeeding in the market.
Key features:
- DeFi dashboard: DeBank offers a comprehensive DeFi dashboard that provides users with a real-time overview of their crypto assets, including token balances, staking positions, and more.
- Web3 messenger: Lets users directly communicate with any 0x address, enabling seamless engagement within the Web3 ecosystem.
- Bundle tracking: DeBank allows users to track multiple addresses in a bundle, which is useful for traders and investors who want to track the performance of different portfolios.
- Alerts and notifications: Allows users to set alerts and notifications for specific events, such as price movements, liquidations, or token swaps.
DexCheck
DexCheck aggregates data from multiple decentralized exchanges, which allows you to track meme coin activity across various blockchains such as Ethereum and BNB Chain. This is very useful, since meme coins are usually launched on decentralized exchanges initially.
You can get a thorough overview of market trends and identify top gainers among meme coins. It gives you a chance to spot potential opportunities based on recent performance metrics.
With DexCheck, you can monitor whale transactions with their whale tracker to assess market sentiment and predict potential price movements for newer meme coins.
The platform offers detailed token research, including real-time updates on trading volume and liquidity, which is essential for understanding market stability before making investment decisions.
The user-friendly interface allows you to quickly navigate through trending tokens, enhancing your ability to find and analyze emerging memecoins as they gain traction.
Key features:
- Token research and due diligence: DexCheck offers comprehensive token research and due diligence capabilities, providing users with access to detailed information on tokens, including their background, technology, team, and market performance.
- AI-powered insights: The platform leverages artificial intelligence (AI) to provide users with valuable insights into the crypto market.
- Smart money tracking: Allows users to track the activity of large wallets, also known as smart money. This information can be used to identify potential market movements and to follow the trades of successful investors.
Dune Analytics
The Dune Analytics platform allows you to visualize on-chain data, so you’re able to track changes in transaction volumes and wallet activities. You can create custom queries and analyze specific token activities, which makes it easier to monitor emerging projects and market trends.
The various chart types provide real-time insights into significant market movements related to meme coins. Community-driven content on Dune Analytics facilitates the sharing of dashboards and queries, enhancing collaborative tracking of meme coin activities.
Monitoring on-chain activity through Dune Analytics helps identify early investor behavior and potential red flags associated with newly launched meme coins. This data can guide your investment decisions by highlighting trends and market signals early on.
Key features:
- User-friendly interface: Dune Analytics has a user-friendly interface that makes it easy to get started, even if you are not familiar with SQL or blockchain technology.
- Comprehensive data: Provides access to a comprehensive set of blockchain data, including on-chain transactions, smart contract events, and token transfers.
- Community-driven content: The platform has a large and active community of users who contribute to the platform by creating and sharing queries, dashboards, and other content.
Solscan
In a way, Solscan is to Solana what Etherscan is to Ethereum. This blockchain explorer provides real-time transaction data, token transfers, and wallet activities. You are able to monitor and analyze trends within the Solana ecosystem.
Solscan is particularly interesting because, lately, many new meme coins are actually being launched on Solana, such as Dogwifhat and Bonk. Also, Solana token itself is doing quite well in this run, which is good news for everything else that’s on Solana, meme coins included.
Solscan offers extensive analytics on newly launched tokens, helping you quickly identify trending meme coins and assess their market performance. Leaderboards rank tokens by market capitalization and trading volume, offering insights into the most popular or rapidly growing meme coins.
You can access detailed transaction histories for individual tokens, monitoring buying and selling patterns. This feature helps you identify potential investment opportunities by tracking activity that may suggest early traction or significant market interest.
Apart from the regular functionality you would expect from a blockchain explorer, Solscan also supports monitoring of decentralized finance (DeFi) projects and NFTs. This gives you a broad view of the evolving landscape surrounding meme coins within the Solana network.
Key features:
- User-friendly: The platform’s design is focused on graphical elements and data visualization with many charts, which makes the data easier to understand and trends easier to identify.
- DeFi and NFT Dashboards: In-depth data on the non-fungible token collections and DeFi protocols on Solana allows users to monitor engagement for various dApps.
- Blockchain analytics: Data like transaction speed, number of token holders, and more allows users to form a comprehensive view of the Solana ecosystem.
BscScan
BscScan is your best bet if you’re looking for meme coins on the BNB Chain.
Similar to other blockchain explorers, BscScan features a token tracker, so you can monitor the performance of any BEP-20 token, including meme coins. It provides real-time data on price, trading volume, market cap, and the number of holders, which are essential for gauging investor interest.
BscScan also offers transaction tracking, letting users monitor any transaction on the BNB Chain, including timestamps and gas fees. This helps in spotting suspicious activity associated with new meme coins.
Also, the platform’s wallet analysis feature provides insights into BNB Chain wallets, revealing balance, token holdings, and transaction history.
Key Features:
- Token Tracker: BSCScan allows users to track real-time data on price, volume, market cap, and the number of holders for any BEP-20 token, including meme coins. This is essential for assessing the popularity and investor interest in new meme coins.
- Transaction Tracking: Users can monitor any transaction on the BNB Chain, including details like timestamps and gas fees, helping to identify suspicious activities related to new meme coins.
- Wallet Analysis: BSCScan provides insights into BNB Chain wallets, including balances, token holdings, and transaction history, enabling users to understand market dynamics and the intentions of large holders.
- Smart Contract Analysis: Users can view the source code and track transactions associated with any BNB Chain smart contract, crucial for assessing the security and reliability of a meme coin’s infrastructure.
- New Token Analytics: BSCScan offers leaderboards that rank newly launched tokens by market cap and trading volume, helping users quickly identify trending meme coins and evaluate their performance.
Monitor crypto communities on social media
- Engage with crypto communities on platforms like X (Twitter), Telegram, and Discord to hear news about trending meme coins, as discussions often precede significant price movements
- Follow influential crypto accounts and make lists of trusted voices that can provide timely information about new memecoins
- Use relevant hashtags such as “memecoin” in social media searches to uncover viral trends and emerging projects gaining traction among investors
- Participate in discussions and monitor community sentiments to help you differentiate genuine meme coin trends from artificial hype driven by bots or low-quality projects
- Regularly check the activity and engagement levels within these communities
This proactive approach is necessary if you want to be able to spot emerging meme coins before they explode into popularity.
Track whales and smart money addresses
Engaging with online crypto communities is just the beginning. To find new meme coins early, you need to track whales and smart money addresses.
Large cryptocurrency holders, known as whales, often signal emerging opportunities through their buying activity. Keep an eye on their transactions. Sudden increases in volume can indicate growing interest in specific meme coins.
Smart money addresses, typically belonging to experienced investors or professionals, can reveal trends in new meme coin investments. Track changes in their balance and transaction patterns.
There’s no need to reinvent the wheel here. It may not sound glamorous to say, but following what smart money does and more or less just copying it will make you better than 90% of other investors.
These wallets entering or exiting positions in new coins can predict price movements. Utilize on-chain analytics to track whale activities and smart money addresses.
If you don’t want to bother with figuring out which whales own which addresses, there are online communities that track whales themselves, and you can pay to be a member of those communities.
The bottom line
To find new meme coins early, use CoinCodex to discover potential meme coins, track activity on the blockchain with tools like Etherscan and DexTools, and monitor crypto communities on social media platforms.
Track whales and smart money addresses for deeper insights. Engage with active crypto communities on X, Reddit, and Telegram. If you leverage these tools and stay informed, you can catch promising meme coins before they skyrocket.
Don’t forget something though – meme coins (usually) have no real utility or use case. This means they are unlikely to make it in the long run, and as such, they’re considered highly risky investments. Having diamond hands when investing in meme coins may not be such a good idea.
