8 out of 10 traders only look at the chart. But if you want to trade like a PRO, you need to analyze what's happening behind the scenes.
Hereâs how to spot potential 100x tokens by understanding the key players involved:
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đ The Success of a Token Depends on Its Holders
If a token is held by whales, insiders, or snipers, itâs more likely to blow up! Learn to identify these players to maximize your gains.
The 4 Key Wallet Types That Influence a Tokenâs Success:
1. Dev Wallets đšâđ»
- Devs holding a significant % of a token can impact its success in two ways:
1. Sell-off: If the dev sells, it could floor the tokenâs price.
2. Hold: If the dev holds, it reduces supply and increases demand.
2. Snipers đŻ
- Snipers buy right after a token is listed, providing initial volume and setting the tokenâs direction.
- Tip: Use DexScreenerâs snipers tab to identify these wallets and track their activity.
3. Insiders đ”ïžââïž
- Insiders are snipers with advanced knowledge. To find them:
- Sort snipers by PnL (profit and loss).
- Use tools like SolScan to track their transactions.
- Look for patterns of early investment in successful meme tokens.
4. Whales đ
- Whales make significant investments based on various reasons (e.g., partnerships, incentives).
- Check the holderâs tab for large single buys. Large purchases can pump the tokenâs price and indicate strong backing.
Balancing the Players:
- Whales: Their presence is a good sign, indicating potential growth.
- Dev Holdings: If a dev holds more than 40% of the token, it might be a red flag.
- Snipers: Ideal ratio is 1:500 from overall makers.
- Insiders: Ideal ratio is 1:2000.
By understanding these key players, you can make smarter investment decisions and potentially find those 100x tokens. Stop relying solely on chartsâbecome a pro trader with this guide! đ