The Base ecosystem has been heating up lately, with concepts like "vvv" and $aeon emerging. However, if you're a newcomer to the Base ecosystem, you might face some confusion about "how to get started quickly," such as which people to follow and what the latest popular concepts in the ecosystem are.
The functionality of on-chain trading terminals is now quite advanced. We often use terminals like gmgn for buying and selling on-chain. But by leveraging other features of these trading terminals, we can also use them to quickly get up to speed with a new ecosystem.
Take gmgn as an example. Its "Explore" function includes a profit ranking for addresses on the Base chain. I directly observe the recent profitable targets of these addresses to gain a preliminary understanding of the current ecosystem dynamics.
These 2 addresses are the top 2 in terms of 30-day profit. They both have the "Sniper" label. The first impression is that these are fast-in, fast-out type of players, who typically profit from trading fast-paced meme coins. Therefore, I hope to see the current popular trends of meme coins in the Base ecosystem through these 2 addresses.
Then, let's look in detail at the profit sources of these 2 addresses. First, the address at the top of the screenshot has nearly 130,000 in profit, of which 108,000 comes from $TSG.
Click into the details page of this token, and use the social media button on the page to jump to the token's X page.
First, skim through the content on the X page's profile, including the CA and other details, to confirm that the redirected X account indeed corresponds to this token. Then, scrolling through the tweets reveals that this is a meme coin. The reason it became popular is that the following influential figures all mentioned a slogan: "there is a sleeping giant sitting on base rn."
Through the screenshot above, we can follow all the influencers who retweeted the official $TSG tweet. Here, we can again use gmgn's tracking function to add these accounts to Twitter monitoring, allowing gmgn to push their content in real-time.
This $TSG once surged to a market cap of 7 million dollars but then fell significantly after the rapid rise. At this point, we can also consider that if these influencers mention this concept again, it might present a re-entry opportunity. Using the monitoring function again, we can set up a related keyword for more precise monitoring notifications.
Finally, let's go back and check the entry point of this high-profit $TSG address. The buy-in price was indeed very low, achieving high profits through sniping.
By this point, we have gained:
- A high-profit address with a style of early, low-price, fast sniping. We can mark this address on gmgn, for example, as "TSG 100K Profit Sniper," and continuously track it. If more aggressive, we can use gmgn to do a small copy trade on this address and continuously monitor the profit/loss situation of the copy trade, stopping the copy strategy when the address's win rate drops.
- The popular meme trend on Base. We can see that this coin gained attention because famous people teamed up to shout a slogan. We add these people to our tweet tracking list. Furthermore, we can delve into these celebrities' tweet interactions and follow lists to expand our list of influencers in the Base ecosystem.
- A potential second-phase opportunity, assuming the slogan is mentioned again, the price could rebound quickly.
Then let's look at the second address. This address has currently profited over 170,000 dollars on $LFI, with a holding period of 19 days, indicating it's a long-term play.
So now we can consider what its narrative is, and whether we can identify the current thematic focus of the Base ecosystem through this token's narrative. Here, we can directly search for LFI on LianDong:
By reading articles on LianDong, we can quickly understand what these projects are about, as well as deeper on-chain trends. For example, LFI represents RWA + Team Background Play, and AI on Base chain has concepts like "vvv" and aeon, etc.
Of course, the above operations can also be reversed. For instance, you could first switch to Base chain tokens on dexscreener and skim through the tokens with the highest 24-hour trading volume, then use gmgn to check profitable addresses, analyze narratives, etc.
The ultimate goal is consistent:
- Clarify the main narratives on the Base chain.
- Expand the database of high-profit addresses and influencers, tag the styles of these addresses/personas for easy categorization and tracking to stay updated on the latest changes.
- For coins that have already risen/fallen, consider potential upcoming key turning points, and use corresponding tools for tracking.
With the now well-developed supporting features of trading terminals, we no longer need to feel lost about how to start with a new ecosystem or spend a lot of time aimlessly browsing X and Farcaster. I hope this article is helpful for you who have just entered the Base ecosystem.
