What did those KOLs who made millions of dollars from $TRUMP do right?

Many people only monitor smart money, but this is far from enough! After reviewing the top 10 profitable addresses, Biteye compiled the following on-chain monitoring ideas and tools.

In the world of cryptocurrency, "smart money" refers to the capital flows of large institutions, funds, and experienced traders. Tracking smart money movements is a common strategy for identifying early buy signals for Memecoins and an important indicator for determining market direction.

Here are some recommended tools for smart money monitoring:

1. Zerion @zerion: Suitable for beginners, with app and simple operation

Zerion is the most suitable tool for beginners. It is simple and easy to use. Just download the app and paste the wallet address to start monitoring. However, its disadvantage is that when there are too many monitored addresses, push notifications will be very frequent. Users can set it through the management page to only receive transactions of interest (such as transactions, deposits and withdrawals, etc.), and cannot filter in detail (such as transaction amount, tokens, etc.).

2. Chain.fm @chain_fm: Suitable for beginners, follow the smart money monitoring built by big V

It mainly aggregates many smart wallet monitoring channels built by players, which can help users pay attention to some high-quality channels and monitor the transaction activities of smart wallet addresses in real time. In addition, you can also open the alert to set conditions, and once triggered, the browser will issue a sound reminder.

3. lmk.fun @lmkfun: Suitable for beginners, follow multiple on-chain monitoring channels

Similar to Chain.fm, it follows the monitoring lists created by other players and has the function of filtering channels. You can choose to monitor smart money or exchange listing announcements, etc. It also has the alert sound notification function.

4. GMGN @gmgnai: Suitable for both beginners and veterans, the most commonly used tool for trading Meme coins

GMGN supports following smart money by batch pouring into addresses. When there is a new dynamic, a message prompt will be displayed in the lower left corner "Followed". GMGN also provides the function of binding Telegram notifications, so that once the wallet you follow performs any operation, you can receive a notification immediately.

In addition, click "Followed" to view the real-time trading dynamics of Smart Money, including buy/sell/add position/add position/open position/clear position, etc. You can also click on any Smart Money address interface to get more detailed information, including position analysis, profit and loss distribution, trading activities, etc.

5. Arkham @arkham: Suitable for veterans, old-fashioned monitoring tool

Arkham provides a full range of data analysis and monitoring functions, supporting batch monitoring, address tags, and multiple filtering options. It is suitable for users with on-chain transaction experience or users with high monitoring needs. You can configure addresses or tokens on the web page and choose to receive monitoring information through Telegram, Slack or Webhook.

6. DeBot @DitingData: Suitable for veterans, with strong refined monitoring

DeBot is an on-chain data monitoring tool launched by the DiTing team. Its monitoring functions for smart money are as follows:

The above tools basically require you to import addresses yourself, and a few functions support following smart money lists created by others. If you find it troublesome or don’t have a suitable smart money address, you can choose to follow the smart money channels created by others.

For example, the SOL Smart Money Channel (https://t.me/Shanxunjiankong) maintained by @0x01yuqi batch monitors more than 3,000 big V wallets and on-chain smart wallet addresses. If it finds that multiple wallets frequently buy a certain token in a short period of time, it will push notifications.

For more smart money monitoring tools, please refer to Biteye’s previous tweets:

https://x.com/BiteyeCN/status/1816432937291907585