Welcome to Shits N' Gigs #2. Yes, I know, you saw the word "mooner" and want to go gem hunting immediately, but please DYOR by perusing part 1 of this series before continuing, unless you like being rugged. Pick up some (financial) health insurance below:
If you're using Uniswap web app to trade, please. Stahp. Not only is there too much friction (wait for Metamask to pop up, edit gas, confirm, manually approve token), unless you're using an anti-MEV RPC, many of which are sloooooooow, you're fodder for sandwich attacks. If Jared is the bread, you're definitely the shredded lettuce that's close to expiry schmuck getting your entry/exit screwed.
In a nutshell - generate a fresh wallet rather than importing one, set your slippage to 20-30%, make sure Anti-MEV mode is on and deposit some ETH. It's 2023; web-based is out and Telegram is totally in. A word of caution, everything on this platform executes when you click (no approvals) so be mindful of fat fingering. There are other trading/sniping bots to Maestro which possess their own strengths/drawbacks, but I'll do a comparison of those some other time. For now, here's how to catch a mooner.
Oh, and please sort your Telegram into folders!
What you will need:
Anti-honeypot apparatus discussed previously
Information sources (groups, callers, pair monitors, fomo monitors - I will provide some)
A mix of luck and common sense innit.
Determinants of a mooner
Sleuthing for pairs
Callers (an intro)
Snapshot of recent mooners
Part 1: Determinants of a mooner
They say age is riches, and since I’ve been in the shitcoin space for (a whopping) three months, I’m practically geriatric. Now, take my advice before I wave my cane around and start raving like a lunatic about how youth these days don’t understand good ponzis when they see them. Here are the four categories that successful coins (generally) fall into:
Memeability / topical appeal
It’s worth noting that community strength underscores all of the above. The more cultish, hopium-doped, diamond-handed, genuinely engaged, willing to brigade, the better.
Perhaps the most straightforward metric of the bunch – quite literally what it states on the tin. While it’s sometimes difficult to quantify, if you’re present for long enough on Twitter and within Discord/Telegram groups (ie. sufficiently socially inept) you’ll rapidly understand what’s hot and what’s not.
God-tier memes include those with established internet power, such as $PEPE (the king of emojis), $WOJAK, $DOGE, $BOB, etc. Other memes include those surrounding public figures, such as $MONG (parodying Jerome Powell), practically anything Elon Musk-related ($X, $XPRO, $TRBNR) or pumps and dumps facilitated by Tweets/replies of certain individuals (Andrew Tate-themed tokens during $PSYOP) or topical news stories (UFO meta). For one, turn on notifications for Elon. Ask yourself: Is it actually topical? Is it really funny? Does it appeal to this space? Is it trying too hard?
Note that checking for honeypots is paramount during a news cycle pump and dump, as generally 5-10 tokens of the same name will be deployed within minutes, most of which will be rugs.
As in NFTs, the shitcoin market will inevitably spawn countless copium plays in the wake of some gargantuan coin launch. Examples of this include AI meta (spawned by $TURBO), 2.0 meta (the lovechild of $PEPE2.0), bot meta (à la $UNIBOT), questionable probably PETA-noncompliant animal meta (due to $HAMS), anti-Pepe meta (thanks, $DEDE) and, our current bestie, gambling meta (we rolled $COCO). These offshoots will typically never reach the heights of their predecessors but are sufficiently high R/R plays for degens given human psychology and its tendency toward revenge trading, creating a revolving door of liquidity. As always, scams/rugs abound in such circumstances, so do your due diligence.
Or, at least the illusion of it. This is somewhat of a perpetual meta; the “always meta.” Coins with utility (ie. a bot, gambling platform, holder redistribution, game, etc.) tend to perform exceedingly well, often inspiring an armada of similarly UTILITARIAN tokens. Wow, it’s incredible that this token, which purchased its domain yesterday and started its Telegram this morning, already has a working product! I capitalised that because most of them don’t. They’re larping with promises of utility as part of a roadmap, have ripped a web app from somewhere else or use prerecorded video in lieu of interactive livestreaming. Despite this, the promise and maintenance of hype is often enough to incite fomo and hike prices. DYOR etc.
This one is less prevalent but undoubtedly worth mentioning. If you’re talented when it comes to sleuthing the blockchain, pay attention to coins with deployer/funding links to:
Those that have previously launched successful coins
Those with ties to certain web3 communities (Milady, $BUTTER, etc.)
OG wallets with significant holdings ($RFD)
Execution by the deployer is somewhat of a qualitative test too – for example, deployment by an old wallet with a gap between token creation and trade launching is immediately more bullish than a freshly-funded CEX wallet which launches a pair immediately after creating a contract.
As always, follow the funding. This will allow you to spot rarefied opportunities like these and will also provide a further layer of scam protection.
Part 2: Sleuthing for pairs
The early bird catches the proverbial worm. If you bemoan your entry as “too late” for every $PEPE, $DEDE, $MONG, $COCO, it’s time to jas (lol!) up your toolset. There are three routes to low cap acquisition:
(High effort, lower entry) Research unlaunched pairs, ie. token contracts that have been deployed on Ethereum but haven’t yet enabled trading,
(Low effort, higher entry) Use a fomo/volume monitor to track which already-live trading pairs are gaining traction.
(Mid effort, mid entry) Wallet tracking
Route #1 – Unlaunched Pairs
You can find unlaunched tokens using the following Telegram channels:
Once you collect a few with memetic power, purported utility, meta compliance, etc., run them through the appropriate honeypot checks as discussed in my first article. Next, delve into their socials by: 1) checking the contract, sometimes they’re literally right there 2) searching the ticker on Twitter 3) clicking on the Telegram linked by Proficy bot (if applicable). From this, you can deduce whether there’s genuine engagement and community-building taking place, which will assist in growth of the coin post-launch through brigading, diamond handing, etc.
Red flags include:
clearly purchased Twitter engagement (check the followers to likes/retweets ratio, as well as comments under “high engagement” posts)
a Telegram group that consists entirely of a buy bot
other cancerous behaviour from participants such as command spamming (see pic).
Green flags include:
genuine discussion by participants
regular engagement from team/dev
a compelling website that isn’t plagiarised
Mainly just use your judgement here, and if everything checks out you may wish to subscribe to the token’s channels to be notified of launch. You can also set up a sniping task using Maestro, Sensei/Thunder or Banana Gun. I will write a more detailed tutorial on this later, but TL;DR Banana Gun is the best- please use my referral link in exchange for this alpha and I’ll love you forever. https://t.me/BananaGunSniper_bot?start=ref_jasmine
Simply find something that fits mooner determinants, run through your HP checker and ape accordingly. Ensure you pay attention to YardTools Explorer Beta’s (which should be in your HP channel) snipers metric, which should indicate the holder base’s propensity to use you as exit liquidity. More snipers = higher likelihood of being dumped on.
Route #3 – Wallet Tracking
Telegram is great because you can open your tracker in a new window and leave it open on one of your screens forevermore. My favourite wallet tracker on Telegram is Cielo: https://t.me/EVMTrackerBot Simply amass smart wallets as you would for NFTs and use them to capture copy trading opportunities. Wallets to track include:
those with high P&Ls
big % (rather than absolute) gains on mooners
those tied to OGs, insiders, callers, etc.
When a token moons, use DexCheck (https://dexcheck.io/) Token Analyser to see which wallets scored the greatest % gains. Next, put those wallets through the Address Analyser (and cross-examine using https://debank.com/) to ensure:
P&L is high, both overall but more specifically recently (toggle top right for 7d, 30d, etc)
The address isn’t just a whale scalping coins with large amounts of capital (unless this is your trading style)
They bought the pairs in question at a low market cap and didn’t roundtrip (ie. pay attention to whether their gains are predominantly realised or unrealised)
Once these are sleuthed, they provide an additional route to catching coins early. Note that nobody is an infallible trader, and you should only copy trade at your own risk. Cull these regularly by using an Excel sheet to display their weekly and monthly gains on an ongoing basis (as shown in pic) – after all, it’s useless to track a wallet with $1M realised gains from $PEPE but $250K in losses since, even if their overall P&L is still $750K.
Part 3: Callers (an intro)
An important part of the lifecycle of a token is, of course, callers. The most degenerate and influential of these reside on Telegram primarily, and as such, it’s important that you have a handful saved in a Telegram folder for you to cross-check. I wouldn’t recommend buying the shills of these (apart from maybe Poe’s, Eric’s or ALTROGEMS’), but rather using them to assess hype or ascertain an exit point. MadApes, for one, is commonly seen as a top signal. If you’re new to this sphere, a good strategy is to follow the coins shilled by a few callers to delineate between those you trust, and those you use as a selling signal. Note that many of them get paid to shill, so just bear that in mind. Here are a few to get started:
Will look at these closer in the future. Please spend some time familiarising yourself with who’s who before asking me to send you my callers folder. Also, if WizardofSoho ever fuds something, it’s because he’s looking for entry.
Part 4: Snapshot of recent mooners
Obviously, I can’t actually tell you what counts as a good entry and whatnot. However, here’s a random snapshot of recent history to help inform your decisions and prove that my categorisations work or something. All of these coins started low, see the ATH MCap in brackets.