Fresh tokens trading
Last updated
Last updated
Some traders can focus on young tokens that are slowly catching breath and finding their influence. Those trades are very asymmetric (can bring 10x but you also can lose everything).
CoinSense brings tools that can help you decide which fresh tokens can be attractive for investors and which are interesting enough to check and make your own resesearch.
How to start
There are hundreds of tokens launched everyday. CoinSense can help you identify interesting project based on the smart money wallets and influencers holdings. What you should do first is to call in #bot_commands Discord section endpoint:
and
These two endpoints summarize for you main investitions from smart money wallets and influencers into tokens launch 24 hours ago (in case of /fresh_tokens) and 7 days ago (in case of /young_tokens).
Keep in mind that even smart money wallets time from time buy rug of bad coins so don't buy everything you'll see there a do your own research instead.
What to check in data
Table report is sorted by tokens with most different smart money wallets in. What you should keep an eye on:
smw_holdings -> column with estimated assets value (in USD) holded by smart money wallets
whales_in -> number of whale wallet holding token
avg_buy_entry_smw -> average entry of SMW. In case they're in huge profit you can expect they'll be derisking.
influencers_holdings -> list of identified influencers wallets holding at least $500 worth of assets
What you should check then regularly
Time from time you should check token using /token_stats endpoint in bot commands to check which influencers are in and if smart money wallets are buying or selling in last 24 hours and 7 days:
You should check low cap and fresh token DEX stream to check behaviour of smart money in your token. You can easily filter those messages only to those related to your token using Discord search described .