New Memecoin $MIGGLES Soars on Base: Early Buyers Profit with Nansen

• $MIGGLES, inspired by the Coinbase cat mascot, rapidly reached a $40 million market cap within days on the Base platform.
• Nansen’s advanced tracking allows users to analyze top $MIGGLES buyers, offering real-time updates on trading activities.
• One address realized 5,247% gains on $MIGGLES and impressive returns on other tokens within the last 90 days.

A new memecoin called $MIGGLES, inspired by the Coinbase cat mascot, has surged to over $40 million market capitalization within a few days on the Base platform. Investors looking to identify early buyers and track their next moves can utilize the Nansen platform to gain insights quickly and efficiently.

Utilizing Nansen for Tracking $MIGGLES

Users can follow a straightforward process on Nansen to discover early buyers of $MIGGLES. First, they need to search for the $MIGGLES token on the platform and scroll down slightly until the option to view top buyers appears. 

Next, users should choose a specific date they want to analyze, such as the 16th of July, and enter this date in the “Who bought” section of the calendar. This feature is accessible even in the free version of Nansen.

This will display the top buyers of $MIGGLES on the chosen date. By hovering over addresses, users can identify those with multiple labels and personalized details. Opening these addresses in a new browser tab will lead to the Profiler page, providing comprehensive information about each address.

Analyzing Addresses and Profitability

For a practical example, one address turned $36,000 into $31,000 in realized gains and $340,000 in unrealized gains; however, their performance metrics showed a below-average win rate and low ROI per trade, indicating inconsistent profitability. 

Conversely, another address exhibited impressive returns: 5,247% realized gains on $MIGGLES, 1,174% realized gains on $POP, and 767% realized gains on $UNITE. These gains were all achieved within the last 90 days, showcasing a high potential for profitable trades.

Advanced Tracking and Alerts

Nansen’s paid plan offers advanced tracking and alert features, allowing users to assign custom labels to identified addresses and configure Smart Alerts for these labels to receive real-time notifications on Telegram, Discord, or Slack when any labeled address makes a trade across the 12 supported chains. This setup enables continuous monitoring and immediate updates on the trading activities of top-performing addresses.

Read also

• CEO of Nansen Discusses Why and How Web3 Is Still Thriving in Asia
• These Events Could Spur a Further Crypto Rally this Week
• Massive Binance Withdrawals Raises in the Last 24 Hours
• Metrics: 2022 Was Not Really Brutal of a Bear Market
• How DOGE’s Break Through $0.13-$0.18 May Lead to Consolidation at $0.2

The post New Memecoin $MIGGLES Soars on Base: Early Buyers Profit with Nansen appeared first on Crypto News Land.