Where To Find Meme Coins Early

Every would-be meme coin hunter from each corner of the globe wants to know the same thing - how to find the next meme coin?

While there’s no exact science (far from it), there is a method to the madness in this downright bizarre and eccentric space.

In pursuit of your first or next moonshot, pore over this guide (you can bookmark it too) to prepare yourself.

The Ultimate Strategy for Meme Coin Discovery

Let’s not beat around the bush.

There is one strategy that the top meme coin aficionados swear by, and we’re going to reveal exactly how it works (even if they don’t want us exposing their clever techniques).

Firstly, there are some things you need to know before you enter ‘the trenches’ (a slang term used to describe the sometimes abhorrent conditions of the meme coin market). 

Crucial Initial Knowledge

Rule number one for a strong meme coin discovery strategy is that you need a system and you need to be consistent.

Finding that consistent system won’t happen right away, so, paradoxically, you will need to try different systems and be inconsistent at first.

That kind of backwards thinking is a useful attribute in this space, which doesn’t always work the way you think it should.

Beyond that, these points must all be considered:

1. The odds of finding a meme coin that will 1000x is low and not everyone gets lucky.

   
   

2. Meme coin trading is a form of “attention trading” which means being on high alert as you follow trends while they unfold.

   
   

3. Having an exit strategy is just as important as being early - if there’s no liquidity, your investment is not worth what you think it is.

   
   

4. Solana and Base are the best blockchains to find meme coins in this cycle - anywhere else, and you’re entering the unknown.

   
   

5. Meme coin trading can be a full-time job, and anecdotal evidence suggests that those who eat, sleep, and breathe this space 24/7 will get the biggest rewards. . . but at what cost?

   
   

6. There are meme coin influencers, but not all of them are reliable or trustworthy. Take them all with a pinch of salt and, over time, build up a list of accounts that you can trust.

   
   

7. Telegram, Twitter, and Discord are all necessary. Get in the right groups and you can cross-reference information quickly. If 5 groups are all talking about the same coin, it’s time to do some due diligence. 

   
   

Read those points again and then move on. 

Let’s Begin Meme Coin Hunting

Firstly, you’ll want to filter good meme coins from bad ones, and while this is quite subjective, the experts tend to agree on the following points.

Good:

• Visually appealing AND a good community following

  
  

• Widely used meme on Twitter/Telegram/Discord

  
  

• Memorable tagline with viral potential

  
  

Bad:

• Doge and wif forks

  
  

• Lazy meme coins (like random cat images)

  
  

• F–k [name] - type coins

  
  

• Coins being shilled* by random celebrities

  
  

Now you know what to look for, here’s how to find the next meme coin, using a very popular and powerful tool.

*shilled = promoted.

Introducing DEX Screener

A year ago, you would have found the best meme coins in token deployment channels on TG or Discord, but times have changed.

The space has become saturated, with tens of thousands of new meme coins pumping (and often dumping) every day. A highly populated market requires a new approach, and that’s where DEX Screener comes in.

DEX Screener is a price analysis platform with data streams updating every 5 minutes across multiple decentralized exchanges and chains.

For meme coin hunting, DEX Screener is your new best friend. 

Setting Up Filters on DEX Screener

Assuming that you’re a novice meme coin hunter, you probably haven’t had your big victory yet that allows you to quit your day job.

Until you get that big win, you probably won’t spend too much time hunting for tokens. So, this first filter setup is designed for those who don’t want to attach themselves to a screen all day long, but still want to be early to the best opportunities.

• Timeframe: <48 hours - a decent coin will have traction after two days

• Liquidity: >10k - wave goodbye to rugpulls

• 5m Buy: >10 - active trading on small timeframes is a good indicator

  
  

The above filter will show you decent meme coins that are building momentum, receiving regular investment, and are on their way to going viral.

Reminder: There are no guarantees, and this is not financial advice.

An alternative filter takes a wider look at the market to identify another type of opportunity - revivals.

Being early to meme coin movements doesn’t just mean finding hot tokens that have recently launched. It also means being early to the recovery or subsequent rise of a previously popular token. 

• Timeframe: <2160 hours (3 months) - anything older than this is either centralized or long gone

• Liquidity: >50k - these settings help you find sleeping giants that have a lot of liquidity, but it also doesn’t filter out new projects that are performing well

• 1hr txn: >50

  
  

These two DEX Screener setups can help you get started in finding good opportunities early, but you may want to play around and tweak the settings to your liking.

Explore higher level meme coin trading strategies here.

Token Distribution: Perform a Quick RugCheck

If you’ve used the DEX Screener settings and think you’ve found a diamond, you should perform a quick RugCheck using a free tool on it and see what comes up. 

Pay particular attention to token distribution. If you see that one wallet is holding more than 2% of the supply, that is a red flag. For many, that would stop from them buying the token, but it depends on how much risk you can tolerate.

Where there are whales, price manipulation is more likely to occur, but this can also work in your favor when the whales are the same influencers shilling the token. 

How Can You Check if a Meme Coin Has a Strong Community?

The first thing to do is check for a strong meme coin community is head to their Twitter, Telegram, and Discord accounts to see if they are active and have a good following. 

For Twitter, you can perform a follower audit to see if their audience is real or bought (bots). Some analytics services even offer a similar procedure for Telegram groups.

At this time, it appears quite difficult to access Discord as a bot, so audit tools don’t yet exist as far as we can tell. 

How Can You Check If a Meme Coin Has a Strong Community - Part Two

For a deeper look at a coin’s community, find its Subreddit, YouTube, and any other social media accounts they might have.

In the Subreddit, flick through the posts and scan the comments both to see if there’s legitimate interaction, or to see if there is anything particularly positive or negative that stands out.

For YouTube, views are the obvious metric, but again, you’ll find more information by scanning the comments, and also searching for videos about that meme coin from other creators.

Final Thoughts: Use a Telegram Bot to Trade

“Harder, better, faster, stronger”

- Daft Punk, possibly talking about the best Telegram Trading bots.

Now that you know how to find coins early and verify if they’re good investments or not, it’s time to trade.

When it comes to the execution stage, Telegram Bots like BONKbot have removed 99% of the confusion and room for error.