Don't want to be scammed anymore? Please keep this beginner-friendly blockchain scanning tool guide
A step-by-step guide to using the chain scanning tool.Author: Deep Tide TechFlow
As the first stop on the path to sudden wealth, Pump.fun has maintained its popularity since its launch just half a year ago. The frenzy around meme coins has not only failed to subside, but the protocol's revenue and the number of new asset issuances continue to rise.
With the Pump protocol's cake getting bigger, it naturally attracts envy from other protocol projects. Besides Solana, Pump-like applications are popping up across various chains. Whether on Ethereum mainnet or Tron, various Pump applications have made a splash, with users flocking to experience them on both large and small public chains.
However, beyond the enticing opportunity of "small bets for big returns," a more common phenomenon in Pump-like applications is that most people lose money faster. Compared to the mature secondary market, internal trading makes PvP battles simpler and more brutal. Not to mention, the one-click issuance mechanism of Pump has facilitated "conspiracy groups" sharpening their knives, waiting to harvest retail investors.
Thus, to avoid being cut and to filter out reliable targets among the myriad of Memecoins, "chain scanning" has become an essential behavior for seasoned on-chain players to survive and improve their win rates in the PvP battlefield.
Chain scanning refers to using various on-chain tools to monitor new dynamics of asset issuance in real-time, including but not limited to new asset issuances of quality tokens, large on-chain transactions, trading volume rankings over fixed periods, buying and selling by specific monitored addresses (smart money), and familiar developers launching new projects, etc.
Today, Deep Tide TechFlow brings players a comprehensive Pump chain scanning guide to help them stay informed and ahead in Pump PvP, not seeking to make huge profits, but aiming to remain at the table without being inexplicably harvested.
PS: This article contains no advertisements; all tools mentioned are based on the author's personal experience. It is recommended to use a new wallet for on-chain gaming and to be aware of phishing risks.
Line Monitoring Tools
Line monitoring tools are a common topic; they have been essential for everyone even before various Pumps emerged. However, the recently popular Sunpump still has some minor bugs that cause the K-line and transactions on the platform to often be invisible. Using third-party K-line tools can help track asset price trends in a timely manner.
The platform updates new hotspots quickly, and now the homepage features Sunpump and a dedicated section for detailed indicators. It also supports inputting contracts to view Sunpump's internal price trends, although in practice, prices may sometimes be delayed by a few minutes.
Dextools has also started supporting TRON asset monitoring, allowing users to check various Pump internal prices in real-time, providing a smooth experience.
Monitoring Tools
For chain scanning, the most important aspect is a comprehensive monitoring tool, which generally has similar functionalities. The main focus is on monitoring key indicators such as new asset issuances, short-term trading volumes, and when shares are about to hit their limits. The application format is mostly "web version + TG bot." Popular tools include GMGN.AI, BullX, and iCrypto. Since BullX currently operates on an invitation-only basis and iCrypto has not yet supported Solana, we will mainly use the GMGN.AI tool, which is favored by Chinese users, as an example:
GMGN supports multi-chain asset monitoring and is relatively comprehensive in monitoring assets on Solana Pump.fun.
The platform's "Meme" section provides various support for Pump.fun players, including "new asset monitoring," "internal share nearing limit monitoring," "short-term trading volume surge monitoring," and "open market monitoring."
Except for the open market monitoring function, which requires connecting the user's TG account for instant notifications, other functions can be used directly on the web version.
These indicators may seem to serve different purposes, but based on my personal experience, as long as these indicators are used flexibly, it is possible to filter out reliable targets to the greatest extent:
"New asset monitoring" focuses on the proportion of tokens held by developers, the developers' past history, and the holdings of the top 10 addresses for a comprehensive observation.
"Internal share nearing limit monitoring" can focus on assets with surging internal trading volumes in a short time, checking for significant participation by smart money, and seeing if the project's official Twitter has any updates.
"Open market monitoring" lists assets that have already filled their internal shares, so we can focus on the developers' holdings, whether they have sold out, and look for angles to participate in the asset itself, checking if there are any major players following on official Twitter and whether the TG community is active.
Additionally, GMGN supports custom condition filtering for social media accounts, top address holdings, developer actions, trading volumes, creation times, and other indicators.
Unfortunately, GMGN currently mainly monitors ETH and Solana assets and has not yet supported TRON asset monitoring.
Telegram Bot Section
As on-chain PvP becomes increasingly intense, being one step ahead has gradually become the key to victory, and various Telegram Bots have become essential tools for on-chain users.
Since the functionalities of trading Bots are generally quite similar, here are a few recommended Bots that support Chinese and are commonly used by the author, covering various functions such as on-chain dynamic monitoring, trading, and sniping.
As mentioned earlier, GMGN.AI is in the form of "web version + TG bot." In addition to the practical web tool, its TG Bot also covers a wide range of functionalities, supporting various monitoring and trading forms in Chinese.
Pepe boost is a TG Bot developed by a Chinese team, which players in the Chinese community should be familiar with, as it gained popularity during the meme craze earlier this year.
Pepe boost supports multiple chains including ETH mainnet, Solana, and Base, offering functionalities such as copy trading, sniping, and monitoring.
- Sunpump Monitoring Bot
Currently, there are no reliable trading Bots for the hottest Sunpump, so here are some monitoring Bots for Sunpump's on-chain dynamics for reference:
KOL recommended monitoring for tweets about Sunpump assets: https://t.me/+Ff1coEzyIbYyYTg1
SunPump monitoring for assets filled to 30%: https://t.me/sunpump1
SunPump discussion channel (with some query functions): https://t.me/sunpumpcaode
Conclusion
Investment carries risks; please participate with caution. No matter how good the tools are, they are just aids. The real key to victory is to control human nature, avoid FOMO, manage risks well, align knowledge with action, and suppress greed.
Wishing you a smooth journey on the blockchain.
