Had to ask, "Bro, what's your secret?"
Turned out, it's a FREE tool everyone knows but uses WRONG
🧵: Detailed guide to mastering this tool in 10 minutes👇

Before we jump in, could I ask for a favor?

I've dedicated a ton of time to this research and truly value any interaction with this ARTICLE!
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Wanna outplay 99% of the degens? Info’s your edge
Because if you're sitting on info no one else has got, you can play the game with a winning hand
You're probably thinking, "But hey, I'm no insider, how can I get my hands on info no one else has?"
And the answer is simple: On-chain data is where it's at
Solscan is a block explorer that allows you to look at on-chain data on SOL.
It has a lot of valuable info for free & can be a great source of alpha if you know how to use it right.

Not many people use Solscan nowadays.
Why, though? It's a bit of a headache to navigate and can be slow and laggy at times.
Despite its reputation as tricky to use, that's exactly why there's still alpha to be found.
Think about this:
Solscan gets a bad rap and most degens don’t even give it a second glance. But you, with a keener eye and a knack for seeing beyond the surface, recognize its real value.
You're in there, digging into the details, catching the moves of the smart degens making their plays on new coins, spotting the insiders and whales as they stealthily bulk up their token stacks. It’s like having a secret map while everyone else is ignoring the treasure.

So, let's dive deeper into Solscan's features and how to master them for maximum alpha 👇

Solscan can be used for:

• Tracking wallets
• Researching new coins
• Finding smart contracts
• Tracking DEXes

Most memecoins are traded on @Raydium ,
making it a good starting point for your research.
Go to http://solscan.io/amm/raydium to explore all the trending tokens.
Look at launch dates, their TVL, and 24-hour trading volume.
Dig into projects one by one to find out all the current memecoin metas, why they're gaining momentum, and how to make money on them.

Find everything you need about each token on its page:
• Top Holders
• Key metrics
• DEX trades
• Analytics
• Transactions

Let's analyze the Holders Section:
Beware if the top 10 wallets hold over 30% of the total supply – it could crash the token if they decide to sell.
Look for tokens with a more balanced distribution, avoiding heavy dependence on a handful of whales.
CEX wallets are the exception. With thousands of real holders depositing and holding tokens on CEXs, it's fine for CEX wallets to hold a significant percentage of the total token supply.

The next goal is to find wallets who got into big positions early.
Scan the Top 50 wallets by holdings:
• Look for early buyers
• Analyze their other holdings
By repeating these steps, you will surely be able to discover smart degens crucial for the next phase of our strategy.

For instance, the top 5 holders of $SLERF also have stakes in various other memecoins, totaling $49M.
Keep an eye on these wallets — add them to your watchlist and periodically circle back to check on them.
This vigilance might just clue you in on the next $WIF or $BOME before the masses catch on.

To make your job easier, simply copy those addresses and plug them into @CieloFinance
It will pull up their transaction history, their PnL & what they’ve invested in.

Studying smart degens' moves is an excellent learning opportunity.
You'll see how they spread their bets, what they prioritize, and how they implement different strategies.
Moreover, you can copy-trade their moves, and if you've identified some really smart degens, their picks could lead you to 100x gems.

That's a wrap for now!
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