Meme Training Manual: Which early buyer characteristics are effective conditions for rising prices?

Original | Odaily Planet Daily ( @OdailyChina )

Author｜Nan Zhi ( @Assassin_Malvo )

In the meme market, in addition to narrative + community as the core driving force, there is also a type of token controlled by the so-called cabal. The manipulators of this type of token hoard early chips through insider wallets, and use multiple wallets to control the trend by brushing, pulling, and shipping, and cashing out at high points for profit.

When the author explored the early wallets of MOODENG and ACT, he found that the number of independent addresses of early traders of MOODENG was far lower than normal, and there were several internal addresses of ACT that had never purchased any tokens before. ACTs single coin made hundreds of thousands of dollars in profit and then cashed out. (For details, see Meme Concept Inventory: AI, Artists, Zoos and My World

Therefore, this article will explore whether there are any reference patterns by comparing some of Solana’s top tokens and zeroed tokens in terms of “number of early independent addresses”, “source of funds” for TOP profits, and “proportion of new wallets” .

Basic Situation

Study subjects

The head tokens involved in this article include Pnut, MOODENG, ACT, Fart, LUCE, BARSIK, Fred, Rif, MemesAI, BUCK, LESTER, scihub, vvaifu, Banana, fur and other fifteen tokens, all from pump.fun.

The zero-return tokens involved in this article include 🦅, PNUTNI, qnn, CLIP, TOGA, Pythia, ૮⍝•, RST, nounsfctry, $bot and other ten tokens, with the highest market value of millions of US dollars and then fell back.

The above twenty-five tokens have statistics on their top 100 profitable addresses.

Data Source

This article uses GMGN ’s statistical data. The data source for early traders is “Token Interface-Activity-Reverse Time”, and the first two thousand transactions are counted for each token.

The source of funds and wallet creation time come from GMGN s Token Interface - Traders - All - Total Profit Descending.

The token creation time comes from the pump.fun front-end API. If the “token creation time - wallet creation time” is less than 24 hours, it is considered a new wallet.

Exploring patterns

Early unique addresses

The number of early independent addresses of each token is shown in the figure below. From the mean point of view, there is little difference between the two. Among them, Pnut, Moodeng, Rif, MemesAI and PNUTNI are obviously deviated from the mean. Most of them belong to the category of head tokens. The number of early independent addresses is relatively small may be one of the signals of insider information.

Funding

The sources of funds for the top 100 profitable wallets of the top tokens and zero tokens are shown in the following two figures. From the average point of view, the proportion of funds from exchanges for the top token profitable addresses is slightly higher than that of zero tokens, but the difference is not large.

However, there is a significant pattern: the proportion of funds from Coinbase and Bybit in the profitable addresses of top tokens is significantly greater than that of zero-return tokens , while the proportion of funds from Binance and OKX in the profitable addresses of zero-return tokens is significantly greater than that of top tokens.

Head Token TOP Profit Fund Source

Zero Token TOP Profit Funding Source

New wallet share

The new wallets of the top 100 profitable addresses of the head tokens are as follows. Among the 1,500 addresses, only 22 are new wallets, with no obvious pattern . Therefore, it can only be said that the early control wallets of the bankers will not hold positions to the top, but will be transferred to other addresses in the process, but it is difficult to be a sufficient condition for the rise.

Recommended Reading

Meme Training Manual: Rebirth: I Want to Be a Diamond Hand series: One , Two , Three , Four

Diamond hands, high profit-loss ratio? What are the winning factors in Solana Meme trading?