Step 1: Finding Meme Coins Before They Launch
1. Use DexScreener to Track New Listings
- Go to DexScreener: Visit DexScreener.
- Filter by “New Pairs”:
- Sort by “New Pairs” to find recently listed meme coins.
- Why: New coins often have the most explosive potential.
- Apply Filters:
- Liquidity: Look for coins with > $50k liquidity.
- Volume: Focus on coins with > $100k in 24-hour trading volume.
- Price Action: Look for coins with consistent upward momentum.
- Check Tokenomics:
- Total Supply: Avoid coins with excessively high supply (e.g., > 1 trillion).
- Distribution: Ensure tokens are fairly distributed (avoid coins where the top 10 wallets hold > 50% of the supply).
- Burn Mechanisms: Look for coins with deflationary features (e.g., token burns).
2. Use Birdeye for Advanced Analytics
- Go to Birdeye: Visit Birdeye.
- Check “Trending Coins”:
- Look for coins with high social volume and positive sentiment.
- Why: Social hype often precedes price pumps.
- Analyze Whale Activity:
- Check the “Whale Transactions” tab for large buys (> 1 SOL).
- Why: Track smart money movements to identify potential pumps.
- Check Tokenomics:
- Look for coins with fair distribution and burn mechanisms.
- Why: Ensure the coin has strong fundamentals.
3. Track Social Media Hype
- Use LunarCrush:
- Visit LunarCrush.
- Search for the meme coin and check:
- Galaxy Score: > 70 indicates high social engagement.
- Social Volume Surge: > 200% indicates growing hype.
- Why: High social engagement often leads to price increases.
- Join Telegram/Discord Groups:
- Look for active and engaged communities.
- Why: Strong communities often indicate long-term potential.
- Red Flags:
- Avoid groups with pushy admins or no transparency.
Step 2: Setting Up BonkBot for Sniping
1. Join the BonkBot Telegram Group
- Search for BonkBot: Open Telegram and search for the official BonkBot group.
- Join the Group: Click “Join” to enter the group.
- Follow Instructions: Read the pinned messages for setup instructions.
2. Connect Your Wallet