Original author:Jaleel，BlockBeats
Original editor: Jack, BlockBeats
The Solana native dog trade has reached full swing.
According to DefiLlama data, in December 2023, Solana ecological DEX trading volume exceeded US$28 billion, setting a record monthly trading volume. At the same time, the number of monthly active addresses and the number of monthly new addresses on the Solana network both hit record highs.
This also means that there are more and more competitors and robots in Solana native dog trading. As ordinary retail investors, how should we respond?
In this article, BlockBeats will delve into how to track and analyze successful traders in this dynamic market, and how to leverage trading bots to simplify and optimize trading strategies.
Data dashboard
First, start with the data analysis dashboards of DexScreener and DEXTools, find some popular Doge coins, and learn step by step how to find Golden Dogs in this dynamic market.
DexScreener
Open websiteDexScreener, select the public chain you want to observe, such as Solana, and then select new pairs to find the popular Dogecoin trading pairs that have been launched recently. Observe new tokens that are very popular but have low market capitalization, and you may have a chance to find a better golden dog.
DEXTools
same,DEXToolsYou can also select the public chain you want to observe, the ranking of popular trading pairs and the tokens in which traders have made greater profits.
Birdeye
In addition, the popular Trending list on Birdeye is also a good reference standard. Users can cross-compare the popular lists of these three data billboard websites and select memes with higher overlap in popularity rankings.
Tracking the smart money
First, focus on popular Dogecoins that have potential in the market. By analyzing the activity of Whale Traders, we filter out those addresses that show profitable trends. Conduct in-depth analysis to extract key information from the transaction patterns of these addresses.
For example, on the $Silly token, we can switch to the Top Traders tab on DexScreener and look for addresses with high profitability. Click the filter icon to view the on-chain buying and selling records of these addresses to better understand their trading strategies.
For example, you can see that the address Hv3nANwFgU84grTFnxUeN9R7QfpVsAu41HTDRPAxzeiY, which was once at the top of the list of $Silly holders, turned only $92 into $2 million in just 26 days.
You can see on solscan what other tokens this address currently holds. It should be noted that some of these tokens may have been airdropped rather than actively purchased. We can check the transaction records in SPL Transfers to confirm this.
At the same time, in SOL Transfers, we can see that there is an associated address A1w4HSb7XHhdsr4F8kDT3quVEGEp8pL8jLr9QRBxJB9S that has transferred 1.5 SOL. We can then observe that this address also purchased $Silly 27 days ago. Using the same method to observe the transaction transfer of associated addresses, you can discover other associated addresses.
Finally, we can add these noteworthy transaction addresses to the calculation of the profitability level of the selected addresses to understand their degree of success. The transaction patterns of these addresses are analyzed to reveal the strategies behind them. Mark these efficient strategies as smart money or other labels to provide reference for future transactions.
Trading Bot
Here are mainly some solana trading bots.
BONKbot Telegram Bot
BONKbot is a Solana trading bot running on Telegram, powered by Jupiter. is the only official partner of the $BONK community and charges 1% on every transaction, 30% of which goes to the team behind BONKbot, 20% covers recommendations, 10% burns immediately, 10% goes to Bonk community contributions, 10 % is used for infrastructure costs and future development, 10% is used for BonkDAO, and 10% is used to fund BonkLabs.
1. Create wallet
Visit link BONKbot. After entering the start or /start command, you will see a welcome message. An empty wallet is initialized at this time. You will buy and sell from here.
2. Purchase
Click the Buy button, reply with the token address or name, and you can select the number of tokens you want to purchase. Click Buy X Sol and you can choose the amount you want to buy.
3. Manage positions
After successfully purchasing a token, you can manage your position by clicking Manage. You can see: Current profit, expressed as a percentage and absolute value. Current value in USD and Sol. The market value of the token you purchased, price changes, net profit, initial value, token balance, slippage profit, wallet balance, etc.
Sol Trading Bot
Sol Trading Bot is currently a trading + only sniper TG robot on Solana, integrating Jupiter, Orca and Radium dex.
1. Create wallet
on TelegramVisit SolTradingBot, enter the command /start and click the wallet button. The bot will present several options. To create a new wallet, select Generate New Wallet. You will receive a new wallet address and its private key. Please keep this private key safe for future export.
2. Make a transaction
Initiate a transaction by selecting the /buysell command. The bot will ask you for the token contract you wish to trade. You will receive details of all relevant tokens, as well as options to buy or sell. To sell tokens, simply select the buy ↔️ sell toggle button. After selecting the amount to buy or sell, the bot processes your transaction and sends the Txhash of the transaction.
3. View earnings
The bot displays the transaction history of your wallet, including past transactions and the status of currently held coins.
4. Sniper trading
Paste the token contract you want to snipe into the bot. The bot will provide information about the coin and the option to select a specific $SOL amount to snipe that coin. You can also enter the $SOL quantity manually. The bot will keep a pending transaction for the sniping process. Just wait for the tokens to be released and the bot will perform the purchase on your behalf. SolTradingBot will notify you if the sniping was successful based on the project settings.
