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  1. Copy Bot Guide

GMGN Copy Wallets Guide

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Last updated 5 months ago

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Using GMGN AI to Find Copy Wallets

To find and evaluate copy wallets, follow these steps using GMGN AI:

Step 1: Visit GMGN AI

Open your web browser and go to GMGN AI Discover. This platform provides a comprehensive view of active and successful wallets on the Solana blockchain.

Step 2: Choose the Appropriate Tab

Depending on your trading strategy, select the relevant tab:

  • Smart Money Tab: For copying Raydium trades, choose the "Smart Money" tab. This tab features wallets known for smart and profitable trading strategies on Raydium.

  • Pump SM Tab: For copying Pump.fun trades, choose the "Pump SM" tab. This tab showcases wallets that participate in pump and dump strategies.

Step 3: Sort Wallets

Sort wallets based on various performance metrics:

  • 1D, 7D, 30D PnL: Sort by profit and loss over 1 day, 7 days, and 30 days to see which wallets have been consistently profitable.

  • 7D Win Rate: Sort by the win rate over the past 7 days to identify wallets with a high success rate in their trades.

Step 4: Evaluate Wallet Activity and Performance

When selecting wallets to copy, consider the following criteria:

  • Activity: Look for wallets that are active, with the last trade time within the last day.

  • Positive PnL: Ensure the wallet has positive 7-day and 30-day profit and loss (PnL).

  • High Win Rate: Choose wallets with a high win rate over the past 7 days.

Step 5: Detailed Wallet Analysis

Click on a wallet to view its transactions in more detail. Evaluate the following:

  • Tokens Traded: Ensure they are quality tokens with good liquidity and market presence.

  • Avoiding Honeypots: Verify that the trader does not frequently buy into honeypots, which are malicious contracts designed to trap investors.

By carefully analyzing these aspects, you can select wallets that are likely to provide good returns and minimize risks.

Conclusion

Finding and selecting the right copy wallets is crucial for a successful copy trading strategy. By using GMGN AI, along with additional resources like Dexscreener and Birdeye, to discover active, profitable, and reliable wallets, you can enhance your trading performance and achieve better results. Remember to regularly review and update your selected wallets to adapt to changing market conditions and maintain optimal performance.