How to quickly get started with the Base ecosystem?

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The Base ecosystem has been incredibly hot lately, starting with the "vvv" concept and then $aeon. But if you're a newcomer to the Base ecosystem, you're bound to have some questions about who to follow and what the latest popular concepts are, and how to get started quickly.

 

On-chain trading terminals are now quite sophisticated, and we frequently use terminals like gmgn for on-chain buying and selling. However, by leveraging the other functionalities of these terminals, we can also quickly get started with a new ecosystem.

 

Taking gmgn as an example, its "Explore" function displays a ranking of addresses' profitability on the corresponding Base chain. By directly observing the recent profitable targets of these addresses, I gain a preliminary understanding of the current ecosystem.

 

These two addresses are the top two in terms of 30-day profit. They both have the "sniper" tag, which makes me think that these are quick-in-quick-out traders. Generally speaking, they may be more likely to profit by trading fast-paced meme coins. Therefore, I hope to see the current meme coin trend in the Base ecosystem through these two addresses.

 

 

Next, let's take a closer look at the sources of profit for these two addresses. First, the address at the top of the screenshot, out of its nearly 130,000 in profits, 108,000 came from $TSG.

 

Click on the details page of this token, and then use the social media button on the page to jump to the X page of the token.

 

 

First, take a look at the CA and other information on the X page description to confirm that the X number you are redirected to does indeed correspond to this coin. Next, looking through the tweets, you can see that this is a meme coin, which became popular because these influential people mentioned the slogan "there is a sleeping giant sitting on base rn".

 

 

Based on the screenshot above, we can follow all the influencers whose posts were retweeted by the official $TSG tweet. We can then use gmgn's tracking feature to add these accounts to our Twitter watchlist, allowing gmgn to push their content in real time.

 

 

The $TSG stock once reached a market capitalization of $7 million, but after a rapid rise, it fell significantly. At this point, we can consider that if these influencers mention this concept again, it could be a new entry opportunity. Furthermore, we can utilize monitoring features to set relevant keywords for more precise monitoring and push notifications.

 

 

Finally, let's go back and confirm the entry point of this $TSG large profit address. The purchase position was indeed very low, and the large profit was achieved through sniping.

 

 

At this point, we have obtained:

 

- An address that's making a large profit, known for its early, low-price, and rapid sniping style. We tag this address on gmgn, for example, "TSG earns 100,000 snipers," and then continuously track it. For a more aggressive approach, we can use gmgn to place a small copy trade on this address and continuously monitor its profit and loss. We stop the copy trade strategy when the address's win rate declines.

- Popular meme trends on Base. We can see that this coin gained attention because of celebrities teaming up to promote its message; we've added these people to our Twitter following list. Going further, we can delve into these celebrities' tweet interactions and following lists to expand our list of influential figures in the Base ecosystem.

- A potential second opportunity: assuming the slogan is mentioned again, prices could rebound quickly.

 

Next, let's look at the second address. This address has currently made a profit of over $170,000 on $LFI, and the holding period is 19 days, which indicates that this is a long-term investment target.

 

At this point, we can consider its theme and whether we can find the current main theme of the Base ecosystem through this coin's theme. Here, we can directly search for LFI on Rhythm:

 

 

By reading Rhythm's articles, you can quickly understand what these projects do and gain a deeper understanding of on-chain trends. For example, LFI represents RWA + the team's background, and the AI on the Base chain includes the "vvv" concept and Aeon, etc.

 

Of course, the above operation can also be reversed. For example, you can first switch to the Base chain tokens on dexscreener and then take a look at which tokens have the highest trading volume in 24 hours. Then, you can use gmgn to see the profit addresses, analyze the narrative, and so on.

 

The ultimate goal is the same:

 

- Clarify the main narrative on the Base chain

- Expand the database of high-profit addresses and influential figures, and tag these addresses/persons' styles for easy categorization and tracking to keep abreast of the latest changes in real time.

For cryptocurrencies that have already risen or fallen, consider the key turning points that may occur next, and track them using appropriate tools.

 

With the well-developed features of the trading terminal, you'll no longer feel lost about how to get started in a new ecosystem, and you won't waste a lot of time aimlessly browsing X and Farcaster. Hopefully, this article will be helpful for those new to the Base ecosystem.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.