Part 6/9:
Advanced Tools for Further Analysis
For traders looking to deepen their analysis, several advanced tools offer essential data to minimize risks:
Meme Scope on Photon: This tool filters fresh launches of memecoins, giving users insights into which new coins are gaining traction based on volume and holders.
Bubble Maps: Analyzing wallet distributions can reveal the health of a token's holders and whether a few centralized wallets are controlling significant amounts, potentially signaling risk.
Rug Check: This tool provides risk analysis of tokens, helping users identify possible scams.
Combining these tools and resources helps create a comprehensive strategy for navigating the risky memecoin market.