Zero to Hero on BNB Chain: From Scanning, Monitoring to Trading

Original Article Title: "Zero to Hero on the BSC Chain: From Chain Scanning, Monitoring to Trading"

Original Article Author: Zibu, Crypto KOL

CZ (@cz_binance) started by teasing $TST and is now mentioning his pet dog on Twitter. It seems like he really wants to start a meme trend on BSC. So, how should we engage with memes on BSC? To do good work, one must first sharpen one's tools. This article will introduce the various processes of participation and tools that can be used.

1. Chain Scanning

The pump platform on BSC is https://four.meme/. On the Board page, we can view coins in the internal market and apply various filters. On the Ranking page, we can see the market cap leaderboard and 24-hour trading volume leaderboard.

2. On-chain Tools

In addition to chain scanning, we can use many on-chain tools to help us filter coins based on metrics such as market cap/pool, trading volume, transaction count, creation time, etc. The commonly used on-chain tools mainly include the following:

1. UniversalX

Website: https://universalx.app

UniversalX (@UseUniversalX) is the first official application of Particle Network (@ParticleNtwrk), which seamlessly calls full-chain assets in a non-custodial manner, without the need for manual bridging or gas management. UniversalX currently supports Solana, BSC, and 13 other mainstream EVM chains. UniversalX also supports mobile devices, with apps available on both the App Store and Google Play.

On the UniversalX homepage, select BNB Chain and in the Radar section, you can filter coins based on "New Listing," "Growth," and "Prosperity" to select coins from different periods. The main filtering metrics are market cap, holders, trading volume, and liquidity. For new listings, focus more on "New Listing," for mid-term holds, focus more on "Growth," and "Prosperity" is mainly for older coins that have been listed for a long time.

The Highlights feature includes 4 lists: "Trends," "Top Gainers," "Top Losers," and "New Coins." You may want to pay particular attention to "Trends," "Top Gainers," and "New Coins."

UniversalX has also listed the coins on Binance Alpha, which can be viewed either for the entire chain or only for a specific chain, such as BSC. This functionality is even better than what the Binance Wallet offers, as the Binance Wallet does not allow filtering by chain.

2. debot

Website: https://debot.ai

debot mainly has two sections: "Newly Listed" and "Hot." The "Newly Listed" section features coins that have been listed in the past 24 hours and can be filtered by time period, market cap, trading volume, number of transactions, among other metrics. One of its advantages is the inclusion of the "Number of Wallets" metric.

The "Hot" section filters all listed coins based on their popularity, using similar metrics as the "Newly Listed" section.

3. gmgn

Website: https://gmgn.ai

gmgn recently added support for the BSC chain and was even referenced by CZ. gmgn's BSC chain mainly consists of two sections: "New Coins" and "Hot," similar to debot. The "New Coins" section also features coins listed within the last 24 hours, with more precise time filtering. Security checks are also supported, where filtering based on factors like open-source status, renouncement, and liquidity locking is quite practical. Other metrics are common, as shown below.

The "Hot" section filters all listed coins based on their popularity, using metrics similar to those in the "New Coins" section.

gmgn on the BSC chain also introduces a feature called "Next Blue Chip," which currently lacks data. This feature is somewhat similar to its counterpart on the SOLANA chain, where promising coins are selected for future attention upon listing.

When analyzing projects, gmgn's "Holders" section has added new functionality, allowing for a quick assessment of holders' key details, such as distribution changes, average holding amount per person, and Top 100 average purchase price. The progress bar under each holder's address visually represents their remaining holdings, providing a practical and intuitive feature.

4. okx

Website: https://www.okx.com

okx is quite comprehensive, supporting various chains, including the BSC chain. Compared to Web3 wallets, the web version has more features and allows filtering based on time, popularity, most searched, and newest metrics.

5. ave

Website: https://ave.ai

ave is an old tool that has been widely used since the last bull market. It supports multiple chains and also has an app for convenient monitoring. On the BSC chain, it supports four sections: Hot Searches, New Listings, Top Gainers, and Featured Lists. Each section can be filtered based on different metrics, and some metrics are for filtering only, not sorting. It depends on personal preference.

On ave, a separate section is dedicated to Four.meme's token, supporting five sections: Hot Internal Listings, New Internal Listings, Soon-to-be-Full Pools, New External Listings, and Hot External Listings. It is useful for scanning chains, feeling more comfortable compared to the official website's chain scanner. Hopefully, other tools will follow suit soon.

6. Eagle

Website: https://dexscreener.com

Similar to ave, Eagle is an old tool that supports multiple chains. Eagle allows filtering based on time frame, trend, TOP volume/number of trades, yield, new pools, and other metrics; it also allows customization of various filtering conditions. Overall, the metrics are quite extensive. I have used Eagle's filtering metrics to analyze years of data and develop numerous strategies.

Eagle's advantage lies in its comprehensiveness, but the downside is that its candlestick charts are not as fast, causing a delay of a few seconds compared to other tools. Their multicharts feature is particularly user-friendly and suitable for monitoring multiple tokens. Some tools also have this feature, but none are as user-friendly as Eagle's, even though there are areas where Eagle could improve.

III. How to Find Smart Money

Monitoring smart money is an effective way to identify early-stage projects and trending coins on the chain. It is more commonly used on Solana. As the BSC chain has been relatively quiet in this bull market cycle, many people around me have not accumulated smart money on the BSC chain. So, how can we find smart money?

One is to use smart money from the EVM ecosystem, such as the ETH network and BASE network, to see if this smart money on those networks is active on the BSC network. If it remains active, it can be used directly. The second is to utilize existing tools to analyze emerging scams and identify smart money.

1. debot

Website: https://debot.ai

In debot, enter the address of the coin you want to analyze, then open the bottom section 【Transaction Analysis】, where we focus on the sections of 【Top Holders】 and 【Top Gainers】. The 【Top Holders】 section contains a list of the top 100 holder addresses, while the 【Top Gainers】 section lists the top 100 addresses that have gained the most.

Select any address, and on the right side of the interface, you will see detailed profit data and transaction records for that address.

If you want to see an address's overall profit data, recent gains and losses, held tokens, and recent transaction records, you can also enter the address in the search box to view detailed data.

2. gmgn

Website: https://gmgn.ai

In gmgn, enter the coin's address for analysis, paying particular attention to the bottom sections of 【Traders】 and 【Holders】.

The 【Traders】 section lists the top 100 addresses that have gained the most, categorized as "Smart Money," "KOL/VC," "New Wallet," "Developer," "Whale," "Phishing Wallet," and "Bot Degen." You can sort by metrics such as "Total Profit," "Realized Profit," "Unrealized Profit," etc., to filter for smart money that meets your criteria.

The 【Holders】 section lists the top 100 holder addresses, categorized as "Smart Money," "KOL/VC," "Blue Chip Holder," "New Wallet," "Developer," "Whale," "Phishing Wallet," and "Bot Degen." You can sort by "Funds Injected/Quantity," "Total Profit," etc., to filter for smart money that meets the criteria.

Select any address, and on the right side of the interface, you will see detailed profit data and transaction records for that address.

Currently, gmgn does not support analyzing the overall profit situation and historical data of a specific address. Hopefully, gmgn can add this support soon.

3. ave

Website: https://ave.ai

ave also provides analysis for the 【Holders】 and 【Top Traders】. The 【Holders】 are a list of the Top 100 holding addresses, further divided into "Smart Money," "DEV," "Sniper."

When we click the filter button next to an address, we can see the profit and transaction data of that address for that coin.

The 【Top Traders】 currently only lists the situation of the Top 15 profitable addresses, with limited data.

4. Eagle

Website: https://dexscreener.com

The "Top Traders" section of Eagle lists the top 100 most profitable addresses, which can be sorted by total profit and unrealized profit. The displayed information is limited and not as user-friendly as debot and gmgn.

IV. Monitor Smart Money

Once we have identified Smart Money, we need to monitor it to be able to quickly know what these powerful individuals are trading. When it comes to monitoring, debot is recommended. debot is the most feature-rich and granular monitoring tool used so far. debot's wallet monitoring is divided into two types: wallet behavior monitoring and wallet group behavior monitoring, as shown in the image

1. Wallet Behavior Monitoring

This monitoring is a common feature in all tools. However, while other tools push all addresses to a single Telegram group, debot's advantage is that it can group addresses and push them to different Telegram groups based on the grouping, as depicted.

This way, you can establish different Telegram groups for pushing based on the tagging situation, such as on-exchange players, off-exchange players, addresses of particular interest, and more. A tool that can classify monitoring information is a good tool. When I used abot for monitoring in the past, to achieve grouped pushing, I had to tag addresses first, then after the Telegram group received monitoring messages, perform secondary development to further distribute based on the tags. With debot now available, there is no need for secondary development.

2. Wallet Group Behavior Monitoring

If we are monitoring a large number of addresses, there is an unavoidable issue: too many push notifications. An overload of messages can overwhelm the human brain and lead to message fatigue, causing the monitoring effort to lose its purpose. To address this issue, my previous strategy was to perform secondary development on the push notifications, setting criteria such as pushing a notification only when a certain number of different addresses reach a threshold within a specific time frame, for example, if 5 different addresses make a purchase within 30 minutes. I used this strategy for about a year, and the results were very good as it significantly reduced the number of messages while still capturing important coin movements.

Debot's Wallet Group Behavior Monitoring perfectly implements the strategy I mentioned above, and it is even more refined, with finer indicator granularity as shown in the image. We can monitor buy and sell actions, set monitoring time windows, transaction amounts, notification frequencies, and market cap thresholds. This feature can fully meet various monitoring needs, and I highly recommend it.

3. Grouped Token Transactions and Recent Transactions

After Debot monitors smart money wallets, we can view Grouped Token Transactions and Recent Transactions by group in the Observation Group section. Grouped Token Transactions list all the coins transacted by smart money wallets in this group within a certain time frame, such as the last 24 hours, and can be filtered and sorted by different criteria. This feature is particularly useful when we are not actively monitoring real-time messages about the smart money wallets but want to know which coins these smart money wallets have purchased.

Recent Transactions lists the transaction records of smart money wallets in this group in chronological order.

4. Holdings Details and Transaction Details

After Debot monitors smart money wallets, we can go to the coin's candlestick chart page to see Holdings Details and Transaction Details in the My Observations section. Holdings Details list the data of all smart money wallets that have transacted this coin and can be sorted and filtered by various criteria, making it easy for us to see which smart money wallets have invested in this coin.

Transaction Details list the transaction records of all smart money wallets for this coin in chronological order, which can be displayed in ascending or descending order. This feature is very practical as it allows us to easily identify which address in our smart money wallets was the first to purchase this coin by sorting in ascending order, with the first transaction being the earliest one.

5. Security Check Tool

The EVM Chain has a major issue with encountering rug pulls, so performing a security check before buying is a necessary operation. The common security check tools are mainly these.

1. goplus

Website: https://gopluslabs.io

goplus is a security check tool that emerged during the last bull market and received investment from Binance Labs. Currently, many tools integrate with goplus's functionality, which can be used through a web version or a plugin. It also provides a security check API externally. If you plan to run strategies using scripts, the API is worth considering.

2. honeypot.is

Website: https://honeypot.is

honeypot.is was quite popular during the last bull market for its accurate security checks. They also offer an API.

3. tokensniffer

Website: https://tokensniffer.com/

tokensniffer is also a well-established security check tool. Due to the various scams and rug pulls on the EVM, it is advisable to use multiple tools together to prevent losses due to issues with a single tool.

VI. Trading

The BSC Chain was very popular during the last bull market. Many of the trading tools used at that time have now become outdated. Fortunately, more trading tools have emerged. Here are some currently popular tools.

1. UniversalX

Website: https://universalx.app

UniversalX is an on-chain CEX that allows trading with balances from all chains. When the account holds assets such as USDT, USDC, ETH, BTC, SOL, trading becomes possible. Currently, it supports regular buy and sell orders, with upcoming features like internal trading and limit orders. The advantage of UniversalX is its chain-agnostic nature. With basic token support, trading of 15 on-chain coins is possible. This is especially useful when other chains lack coins or exchanges have withdrawal issues. Furthermore, UniversalX boasts fast order book and transaction speeds, automatic slippage prevention, and mobile support for convenient trading on smartphones.

Moreover, UniversalX has reduced trading fees for mainstream coins to one-thousandth of a coin, aligning with CEX practices. Supported coins include $AI16Z, $Fartcoin, $ARC, $AIXBT, $TST, and more. Due to the investment from Binance Labs, a token launch is expected this year. Trading on UniversalX is akin to interacting, with expectations of airdrops.

2. debot

Website: https://debot.ai

debot's transactions support the BSC chain, currently supporting basic buy and sell functions, with plans to add anti-slippage features in the future. One benefit of trading with debot is that it can display all pools for the current coin, which is currently the most comprehensive feature provided by debot. This makes it convenient for us to choose different pools for trading. debot has a mobile end for quick and convenient trading.

3. gmgn

Website: https://gmgn.ai/

gmgn has already supported the BSC chain, currently supporting basic buy and sell functions. The advantage of using gmgn is its convenient data analysis feature, with clear display of holders' basic data. gmgn supports mobile end.

4. okx

Website: https://www.okx.com

okx is a major platform that supports basic buy and sell functions. Its advantage lies in multi-platform coverage, supporting web end, plug-in end, and mobile end.

5. PinkPunk

Link: https://t.me/PinkPunkTradingBot

PinkPunk is a well-established Telegram bot that supports multiple chains. Its advantage is that besides basic buy and sell functions, it also supports placing orders and sniping, with relatively fast speed.

If this article is helpful to you, feel free to like, comment, and share

Trading Tools:

The most powerful AI signal trading and monitoring tool debot

https://debot.ai

Trading analysis and more provided by gmgn

https://t.me/gmgnaibot

Alternative trading tool to abot: xxyy

https://pro.xxyy.io

Universal cross-chain trading platform UniversalX

https://universalx.app

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