Information asymmetry is Alpha: How to efficiently complete a gold mining closed loop on the chain?

CN
6 hours ago

In the current market state, successful investors often do not rely on the overall market trends but instead build advantages through "information asymmetry" and "inefficient tools."

A cold market does not mean there is no money to be made on-chain.

Even if market sentiment is weak, there are still structural opportunities on-chain. The tariff incident in early April caused a brief fluctuation, but capital and activity did not significantly decline. According to Dune data, as of the evening of April 21, Pump.fun launched a project with a market value exceeding $5 million that day, along with 11 medium-sized projects with market values ranging from $100,000 to $500,000 emerging one after another—indicating that capital is still actively seeking early targets.

In mid-March, influenced by the sharp rise of MEME coins like $mubarak backed by well-known crypto investors, the BSC chain quickly rose to become the new main chain for MEME trading. Tokens driven by political narratives (such as RFC) have seen a phase increase of over 10 times since their launch in early April.

In the current market state, successful investors often do not rely on the overall market trends but instead build advantages through "information asymmetry" and "inefficient tools." As on-chain speculators often say: "Price fluctuations are not the key; the core is to gain insights earlier, enter and exit faster, and effectively avoid interference from abnormal orders."

First, there is the information gap.

Security Mechanism Review

Before participating in MEME asset investments, ensuring the security of the target asset contract is a basic requirement. The following four technical dimensions can be used for review:

  • Whether minting rights have been relinquished to prevent subsequent inflation and price crashes;

  • Whether contract control has been relinquished to avoid "only entering but not exiting" or trading restrictions;

  • Whether the liquidity pool has been destroyed; the higher the destruction ratio, the lower the withdrawal risk, with 100% being the best;

  • The proportion of Top 10 holdings; whether it is below 30% of the total supply to prevent large holders from controlling the market.

Currently, third-party tools like GoPlus and the MEME aggregation platform GMGN can assist in detecting the above risks and are suitable for self-screening. Alternatively, one can choose a one-stop tool represented by Bitget Wallet, which has completed comprehensive screening of MEME coins, ensuring that project parties cannot commit malicious acts on the contract and that tokens meet high-security standards.

Trend Judgment

After obtaining the correct contract address, it is necessary to comprehensively assess its growth potential and spillover ability from multiple dimensions:

Narrative Drive: Does it have a natural FOMO effect, such as being associated with well-known figures (Musk, Trump) or geopolitical events;

Community Discussion: Focus on real user-generated content and KOL coverage in the community to discern the noise from paid marketing by non-authentic accounts;

On-chain Funds: Determine whether there is smart money/large capital continuously flowing in, the buy-sell ratio, and the growth rate of active holding addresses.

Data tools like Dexscreener and Axiom can be used for manual screening to track projects. For example, if a project adds over 1,000 holding addresses within an hour of launch and the number of buys exceeds sells by 2 times, it is often a signal of high market recognition of the capital in the early stage.

Entry Timing

Players seeking an ideal entry point can usually pay attention to the following signal combinations:

  • Within 5-15 minutes of launch, the K-line is still in fluctuation or has just started;

  • Holding addresses are steadily increasing, with no large-scale selling yet;

  • Initially gaining attention from KOLs or Bots, but not yet fully exploded.

Typically, these signal combinations are considered ideal entry windows "before the first wave starts" or "after the first wave confirms."

Users can complete wallet configuration and Gas preparation for the target chain in advance to avoid missing the window due to chain switching or transaction fee issues. Some tools like Bitget Wallet have Gas conversion functions, allowing users to deposit mainstream coins like USDT and ETH in advance, automatically deducting multi-chain Gas fees during transactions.

Exit Timing

Rationally identifying phase top signals is crucial for risk control. Typical indicators include:

  • Frequent emotional statements in the community such as "hold" and "pattern," alerting to FOMO tops;

  • Decreased on-chain trading volume, with a continuous increase in the number of sell transactions;

  • Large holders and whale addresses starting to withdraw small amounts, with frequent changes in Top 10 holding addresses.

At this point, players are advised to adopt the following strategies:

  • Set profit-taking alerts or limit orders; tools like Bitget Wallet support preset prices for selling, reducing missed opportunities;

  • Gradual profit-taking strategy, selling in increments of 2x, 3x, 5x, etc.; locking in principal for large positions with a 50% profit;

  • Retain 10%-20% of a Moonbag as a holding insurance to prevent missing out on subsequent rises.

Although the third-party tools mentioned earlier can indeed assist users in tracking and capturing early projects, the overall process still heavily relies on users actively investing time and effort in research, monitoring, and operations.

Is there a way to further simplify this process, allowing users to participate more efficiently?

The answer is yes. Some wallet products have begun to integrate core functions related to MEME assets, from market monitoring and capital flow to interactive operations, achieving a full-process integration that significantly lowers the participation threshold. This is what we refer to as "tool inefficiency": when tool efficiency improves, users' decisions and operations can also be faster and more accurate.

Coinbase Wallet

Coinbase Wallet is a multi-chain wallet that emphasizes security and user experience, making it suitable for users who already use the Coinbase exchange to directly participate in on-chain MEME trading.

Core Functions

  • MEME Asset Discovery: Supports direct search or viewing popular tokens in ecosystems like Base chain through popular Swap lists, with projects accompanied by social media links and contract information;

  • Easy Swap Function: Supports token swaps on chains like Base and Ethereum, allowing for small MEME token transactions;

  • Contract Risk Alerts: Displays contract verification status and potential risks before trading;

  • Built-in DApp Browser: Access to common DEXs like LeetSwap and Uniswap for manual buying and selling or in-depth viewing of K-lines and liquidity.

Differentiated Highlights

The advantage of Coinbase Wallet lies in its natural adaptation to the Base chain ecosystem. It defaults to support the Base network, simplifying the asset transfer and wallet connection process, making it a convenient entry point for trying new projects on Base. However, for players accustomed to strategy trading, multi-chain operations, and frequent trading, its functionality is relatively lightweight with limited auxiliary capabilities.

Bitget Wallet

Bitget Wallet is a comprehensive wallet trading tool, particularly outstanding in the MEME track, suitable for P players looking to efficiently capture potential projects.

Core Functions

  • Golden Dog Radar: Real-time monitoring of new coin deployments and trading dynamics on active chains like Solana and BSC, completing comprehensive contract security checks and automatically tracking smart money and other on-chain buying signals, providing precise and rapid trading signals. Users do not need to constantly monitor the market, saving a lot of time on chain scanning, and can complete all transactions on mobile. Quickly buy and reasonably take profits following signals, with a win rate exceeding 90%.

  • Hot Picks Potential Recommendations: A combination of manual and AI screening, daily selecting potential MEMEs from different tracks. Helps users capture many hundredfold and thousandfold coins in the early stages.

  • Limit Orders: Supports flash swaps and limit orders for MEME tokens, allowing on-chain players who do not have time to monitor the market to set trading prices for automatic execution.

  • Smart Slippage: Integrates hundreds of top DEXs (such as Uniswap, PancakeSwap, Jupiter) and cross-chain bridges, using algorithms for real-time price comparisons, automatically splitting the optimal trading path, and comprehensively selecting the fastest, highest success rate, and lowest slippage channels to complete transactions.

  • Cross-chain Trading: Supports over 130 main chains, including mainstream Ethereum, Solana, BNB, and the latest Sui, Sei, and Kaia ecosystems for cross-chain trading. Users can place orders, take profits, and escape peaks directly within the wallet without switching to external DEXs.

  • GetGas Function: For users frequently trading across chains, it is necessary to prepare small change tokens for gas on various mainnets. With Bitget Wallet, users only need to deposit mainstream assets like USDT and ETH in advance, and the system will automatically deduct the required Gas fees for different chains.

  • Security Protection: Built-in MEV protection and address risk control mechanisms cover 8 mainstream chains, providing intelligent protection against common issues in MEME trading such as front-running and sandwich attacks, reducing transaction friction.

  • Internal Trading: The latest version recently launched supports internal trading for pump.fun and four.meme, allowing users to view K-lines, opening progress, etc., and directly participate in internal trading to gain more on-chain golden dog opportunities.

Differentiated Highlights

Bitget Wallet encapsulates the entire process from project discovery, potential screening, price setting, one-click trading, cross-chain gas replenishment, to secure exit all within the same wallet, truly achieving no page switching, no wallet switching, no gas worries, and no manual contract checking, significantly enhancing the efficiency and security of MEME trading. It is one of the few one-stop tool wallets on the market that supports multi-chain and covers the entire process.

Trust Wallet

Trust Wallet is a well-known open-source multi-chain wallet that supports basic MEME trading operations, suitable for experienced players who are accustomed to manually screening projects.

Core Functions

  • Popular Token Recommendations: Provides a list of active or trending tokens in the current market, allowing users to discover potential MEME projects;

  • Basic Security Checks: Displays contract risks and Honeypot detection, but some new tokens may prompt "do your own research," indicating limited security identification capabilities;

  • Payments and Cross-chain: Some MEME tokens (like TRUMP) support credit card purchases, while other MEME assets support swaps within the same chain and even cross-chain;

  • Built-in dApp Browser: In addition to exchanges, players can access DEXs like Uniswap through the built-in browser for manual buying and selling.

Differentiated Highlights

Trust Wallet provides most of the basic functions required for MEME trading, but the pathways are relatively scattered, making it suitable for players with some experience who are accustomed to manually screening projects and trading. Compared to other wallets, it offers credit card purchasing options for certain tokens, making it more user-friendly for fiat currency users.

Phantom

Phantom is one of the most popular wallets in the Solana ecosystem, natively supporting new coin monitoring, DEX trading, and on-chain interactions, making it suitable for high-frequency players deeply engaged in Solana MEME projects.

Core Functions

  • Real-time New Coin Discovery: Integrates data sources like Jito and Birdeye to automatically identify newly deployed contracts;

  • Built-in Trading Functionality: Supports direct swapping of MEME tokens on the Solana chain within the wallet, executing quickly with low slippage;

  • Good Bot Compatibility: Most Solana sniper tools can quickly connect and authorize trades through Phantom.

  • Community Tagging and Address Notes: Supports manually adding tags to project addresses or active wallets.

Differentiated Highlights

Phantom's greatest advantage lies in its high adaptability to native MEME projects on the Solana chain, allowing almost all trading processes to be completed within the wallet. It is suitable for core users who prioritize speed, closely monitor the market, and are enthusiastic about leading Solana MEMEs. However, its performance in other ecosystems like Base and BSC is average, making it less suitable for multi-chain trading.

Summary

Based on the previous breakdown of the functions of four mainstream wallets in the MEME trading scenario, we have compiled the following comparison table to help players quickly and succinctly understand the functional coverage and ease of use of each tool in the "gold dog hunting" process. Although GMGN is present before the dog hunting track and AXIOM after, for users who want to efficiently navigate between multiple chains and quickly execute trades and exits, a versatile wallet tool like Bitget Wallet may be a more worthwhile option to prioritize.

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