Quick Facts
- Blockchain explorers are web-based tools that allow users to view and analyze transactions on a blockchain network.
- Meme coins are cryptocurrencies that are often created as a joke or to capitalize on a viral trend.
- New meme coins are frequently deployed on blockchain networks, and blockchain explorers can be used to track these deployments.
- To track new meme coin deployers using a blockchain explorer, you will need to know the address of the wallet that deployed the coin.
- You can use the search function on the blockchain explorer to look up the address of the wallet that deployed the meme coin.
- Once you have found the wallet address, you can view the transaction history of that address to see other coins that have been deployed from it.
- You can also use blockchain explorers to view the details of individual transactions, such as the amount of coins transferred and the fees paid.
- Some blockchain explorers, such as Etherscan for the Ethereum network, allow you to set up alerts for specific addresses or contracts, so you can be notified when new transactions occur.
- By tracking new meme coin deployers using a blockchain explorer, you can gain insights into the activities of these coins and potentially identify opportunities for investment or analysis.
- Blockchain explorers are a valuable tool for anyone interested in tracking the movements of cryptocurrencies, including meme coins.
How to Use Blockchain Explorers to Track New Meme Coin Deployers
If you’re new to the world of cryptocurrency, you might be wondering what a meme coin is. Simply put, a meme coin is a cryptocurrency that is inspired by internet memes. Some popular examples include Dogecoin and Shiba Inu.
But how do these meme coins come into existence? And more importantly, how can you track the deployers of these new meme coins using blockchain explorers?
In this article, I will guide you through the process of using blockchain explorers to track new meme coin deployers. I’ll be using Etherscan, the blockchain explorer for the Ethereum network, as my primary example. However, the process is similar for other blockchain networks and their respective explorers.
What is a Blockchain Explorer?
Before we dive into the specifics of tracking meme coin deployers, it’s important to understand what a blockchain explorer is.
A blockchain explorer is a website or application that allows users to search for and view information on a blockchain. This includes information about transactions, addresses, and smart contracts.
Blockchain explorers are an essential tool for anyone involved in the cryptocurrency space, as they provide transparency and visibility into the blockchain.
Tracking New Meme Coin Deployers
Now that we have a basic understanding of blockchain explorers, let’s move on to tracking new meme coin deployers.
The first step is to identify the blockchain on which the meme coin is deployed. The majority of meme coins are deployed on the Ethereum network, but there are also meme coins on the Binance Smart Chain and other networks.
Once you have identified the blockchain, you can use the blockchain explorer to search for recent contract deployments.
On Etherscan, you can do this by going to the “Contracts” tab and selecting “Creators” from the dropdown menu. This will show you a list of all the recent contract deployments on the Ethereum network.
From here, you can filter the list by the “Timestamp” field to show only the most recent contract deployments.
Now that you have a list of recent contract deployments, you can start looking for meme coin deployments.
Meme coins are typically easy to identify, as they will have a name that is inspired by an internet meme. Additionally, the contract address will often include the name of the meme coin.
For example, the contract address for Dogecoin on the Ethereum network is `0xba2ae424d960c26247866739537033c905523560`.
Once you have identified a meme coin deployment, you can click on the contract address to view more information about it.
This will include information about the contract owner, the transaction history, and the contract code.
Tracking Contract Owners
Now that you have identified a meme coin deployment, the next step is to track the contract owner.
The contract owner is the address that deployed the contract. In most cases, the contract owner will also be the deployer of the meme coin.
On Etherscan, you can view the contract owner by going to the “Contract” tab and looking for the “Creator” field.
From here, you can click on the creator address to view more information about it.
This will include information about the transaction history, the balance, and the ERC-20 token holdings.
If the contract owner is also the deployer of the meme coin, you can use this information to track their other activities on the blockchain.
Tracking Transaction History
The transaction history of a contract or address is an important piece of information when tracking meme coin deployers.
On Etherscan, you can view the transaction history by going to the “Transactions” tab.
This will show you a list of all the incoming and outgoing transactions for the contract or address.
By analyzing the transaction history, you can gain insights into the activities of the contract owner or deployer.
For example, if you see a large number of transactions going to and from a particular address, it could be an indication of a large meme coin deployment.
Tracking ERC-20 Token Holdings
Another important piece of information when tracking meme coin deployers is the ERC-20 token holdings of a contract or address.
ERC-20 is the standard for fungible tokens on the Ethereum network. This includes most meme coins.
On Etherscan, you can view the ERC-20 token holdings by going to the “Tokens” tab.
This will show you a list of all the ERC-20 tokens that the contract or address holds.
By analyzing the ERC-20 token holdings, you can gain insights into the activities of the contract owner or deployer.
For example, if you see a large number of a particular meme coin in the token holdings, it could be an indication of a large meme coin deployment.
Tracking Contract Code
The contract code of a meme coin deployment is also an important piece of information when tracking meme coin deployers.
On Etherscan, you can view the contract code by going to the “Contract” tab and selecting “Read Contract” from the dropdown menu.
This will show you the code that was used to deploy the contract.
By analyzing the contract code, you can gain insights into the functionality of the meme coin.
For example, if the contract code includes a token burn function, it could be an indication of a deflationary meme coin.
Frequently Asked Questions:
What is a blockchain explorer?
A blockchain explorer is a website or application that allows users to search for and view information about transactions, addresses, and smart contracts on a blockchain. It provides a user-friendly interface for navigating and understanding the data stored on the blockchain.
How do I use a blockchain explorer to track new meme coin deployers?
- First, identify the blockchain on which the meme coin is deployed (e.g. Ethereum, Binance Smart Chain, etc.).
- Next, find a blockchain explorer that supports the meme coin’s blockchain (e.g. Etherscan for Ethereum-based meme coins and BscScan for Binance Smart Chain-based meme coins, etc.).
- Use the blockchain explorer to search for the meme coin’s contract address. This can usually be found on the meme coin’s website or social media pages.
- Once you have the contract address, you can use the blockchain explorer to view information about the coin, such as its total supply, transactions, and holders.
- To track new deployers, look for transactions that create new tokens or transfer tokens from the contract address to other addresses.
- You can also use the blockchain explorer to search for addresses that hold a large number of tokens, which may be indicative of a deployer or “whale” account.
What are some tips for using a blockchain explorer to track meme coin deployers?
- Be patient and persistent, as the process of tracking deployers can be time-consuming and may require frequent updates.
- Use the blockchain explorer’s filtering and sorting options to narrow down the data and focus on relevant transactions.
- Be aware of gas fees and other costs associated with using a blockchain explorer, especially if you plan to use it frequently or for extended periods of time.
- Be cautious when interpreting the data from a blockchain explorer, as it can be complex and may require further research or verification.
