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I recently saw an interesting case where someone used a blockchain scanning tool to mine the $tiktok meme coin on-chain.
This guy's trading is quite steady, entering at 302 dollars and exiting at 1377 dollars, more than quadrupling his investment. In fact, this kind of on-chain data tracking method is quite useful for catching early memes. The key is to be able to observe the on-chain fund flow, knowing when smart money is entering and when to run.
Meme coins, you know, nine out of ten go to zero, but occasionally you can catch one that breaks even. That said, this kind of short-term trading relies heavily on market intuition and tools, and ordinary people who follow the trend are basically just bag holders.
What tools do you usually use to look at data for memes? Do you rely solely on community popularity or do you have your own set of filtering logic?