Don't know how to use on-chain tools when playing with microcap coins? Then you might not even get a taste of the action. Today, I'll break down how to use the powerful tool GMGN, because with memecoins, being just a second late can make all the difference.

Let's start with the basics: chain scanning and Twitter tracking. Monitor on-chain data in real-time to spot new token deployments, and track Twitter hype for community discussions. You need both to avoid missing any opportunities. Notice a narrative suddenly gaining traction? Immediately search for tokens with the same name. The leading coin might have already taken off, but the second or third in line could still be at floor price.

Next, pay attention to KOLs (Key Opinion Leaders) who actually have an eye for opportunities. It's not about having the most followers—look at their track record. How many times have the projects they promoted early multiplied in value? That's the real metric.

Missed the leader? Don’t panic—that’s normal. The key is to have a “second place” mindset: within the same narrative sector, the second and third projects often have room to catch up. When market sentiment heats up, capital will flow into related tokens.

The most powerful move—follow smart wallets. The addresses that repeatedly snipe 100x coins on-chain aren’t just lucky; their buy and sell actions are the best signals. Of course, be careful not to follow wallets that are just pump-and-dumpers.

Having tools is great, but you need to use your brain. GMGN is just an amplifier; ultimately, you have to make your own judgments.