While many rely on Dexscreener for market insights, there's a powerful alternative that often flies under the radar—one that could enhance your trading strategy dramatically.

Meet GMGN, a platform 150 times more effective, designed to help you spot hidden gems and identify insider trades to follow. With GMGN, you can easily uncover valuable trading opportunities by tracking insider activity, allowing you to make more informed decisions and potentially maximize returns.

Here's a guide to finding hidden gems and discovering insider trades with GMGN.

👉 If you're still searching for hidden gems on Dexscreener, it might be time to explore new horizons.

As the industry evolves, fresh platforms are emerging with more advanced tools and insights, leaving older ones behind. I've discovered one such platform that has truly transformed my strategy, helping me boost my returns by 100x or more.

Stay ahead of the curve with cutting-edge tools and maximize your earning potential!

The universal platform I'm talking about is GMGN. Using it you can analyze the market, for the most profitable transactions. Find smart traders. And of course trade. No matter if you are a beginner or an expert trader, you will have a better chance of success by using these tools.

1. To get started, visit the website and complete the registration process by connecting your wallet.

I recommend beginning with Smart Traders. By following them and analyzing their actions, you’ll gain valuable insights into effective trading strategies.

There are two ways to find these traders:

• Navigate to the Meme section and select "Smart Money" as shown below.
• Alternatively, utilize the "Discover" feature to search for them directly.

This approach will help you make more informed trading decisions!

2. Personally, I find the first method more practical, so let’s dive in!

Start by selecting a successful token and identifying smart traders associated with it. Here are key factors to consider:

• Trader's Balance: Ensure the balance looks healthy; a poor balance may indicate that the trader isn’t actively participating in the market.
• Purchase Timing: Take note of when the trader acquired the token—whether during a pump or a dip can significantly impact their strategy.
• Trader's Portfolio: Review their portfolio to understand their investment choices and risk appetite.

By analyzing these aspects, you can curate a list of top wallets to follow for enhanced trading insights!

3. The next step is to set up filters that will assist in selecting the right tokens:

• Social Activity: Ensure the token has at least 1 social mention.
• Market Cap: Set a minimum market cap of $150,000.
• Hourly Transactions: Filter for tokens with at least 200 transactions in the past hour.
• Total Holders: Look for tokens that have a minimum of 250 holders.

With these filters in place, you’re ready to start trading with more informed choices!

4. It's essential to remember that you should first identify the right token, and then verify the wallets as a proof of concept.

Avoid blindly copying all the actions of a single smart trader; that approach isn’t advisable. Over time, you'll develop your own insights and strategies, allowing you to make more informed decisions based on your analysis. Trust in your ability to learn and adapt!

5. Finally, it's time to uncover those hidden gems! 💎💎💎💎💎

With your filters set up, start monitoring the tokens individually.

Head over to "X" and review the token's official account. Look for any recent activity or discussions surrounding the token—this information can offer valuable insights and help you gauge market sentiment. Keep an eye out for trends or news that could influence your trading decisions!

6. To ensure that all wallets are unconnected, you'll need to utilize a Bubble map.

Dive into the map and examine the wallet connections. It's crucial to understand which tokens are held in each owner's wallet, as this can reveal potential influences on the market.

If there’s a Telegram group associated with the token, join it and engage with the team to inquire about their plans. This can provide you with valuable information directly from the source!

⚠️ As you can plainly see in the example above 4 wallets hold around 9% of the tokens in each. Being this just launched, I would continue to watch this before investing.⚠️

Now that you’ve conducted all your checks, the final step is to identify the perfect entry point for your trade.

Timing can be crucial in maximizing your potential returns, so analyze the market trends and signals to determine the optimal moment to enter. 

In conclusion, the GMGN platform is an incredibly powerful tool for trading, offering features that can significantly enhance your investment strategy. By leveraging its advanced capabilities and following the steps outlined, you can uncover hidden gems and make more informed trading decisions. Remember to use this tool wisely and stay engaged with the community for continuous learning and growth in your trading journey. 

Happy trading! ~The Dinarian

 

November has arrived, and Ripple has shocked the market, preparing what could be its largest monthly dump in seven years. The company, XRP Ledger (XRP)’s core developer and largest holder, reserved 470 million XRP to sell, worth $240 million.

Every month since 2017, Ripple unlocks 1 billion XRP and reserves part of it – usually 200 million XRP – to sell. In November, Ripple unlocked the 1 billion but for the first time in years, reserved above two times the usual amount.

This month’s escrows finished within Ripple (24) and Ripple (25) accounts, unlocking 500 million XRP each, as usual. Ripple (25) re-locked it all in escrows for 2028 within Ripple (12) and Ripple (13) accounts, as usual.

However, Ripple (24) re-locked only 30 million XRP within Ripple (12), unprecedentedly sending 470 million XRP to Ripple (1). This is the account used for the monthly dumps throughout the years. The company’s move raised concerns as such a large sell-off could drastically impact the token’s price, punishing XRP investors.

Ripple’s unlocks and largest XRP dumps history

Notably, Ripple’s previous largest dump occurred in June after reserving 200 million XRP and adding an extra 200 million from the idle account Ripple (35), as Finbold reported. The massive and unprecedented sell-off concluded on June 20, which we also covered, totaling 400 million XRP sold.

On this occasion, the XRP price dropped nearly 20% from June 1 to July 7, highlighting the nefarious financial effects. There are no records of such a high dump since 2017 when Ripple implemented the escrow system for more transparency.

Currently trading at $0.511, XRP has accumulated 18.70% losses year-to-date. Interestingly, Ripple sold 2.576 billion XRP in 2024 so far. The largest sales to date occurred in June (400 million), September (350 million), and July (300 million).

What’s next for XRP as Ripple could sell over 470 million tokens

Yet, in all these previous months, Ripple had only reserved the usual 200 million XRP from the escrow unlock. The additional selling pressure came from idle accounts throughout the month – differently from what we are observing now, in November.

Therefore, it is possible that Ripple could add even more selling pressure to the already record-high 470 million XRP. On that note, this month’s activity happens a few days before the U.S. Presidential Election. Chris Larsen, Ripple co-founder and CEO, disclosed a $10 million donation to Kamala Harris’s campaign, which came after the sales.

“It’s time for the Democrats to have a new approach to tech innovation, including crypto. I believe Kamala Harris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her.”

– Chris Larsen

While Ripple has not disclosed any of these sales, in particular, the company has already disclosed its selling model on many occasions. According to sources, its XRP sales go through an On-Demand Liquidity (ODL) model, selling at market price to willing customers.

Moreover, the cryptocurrency community expects this election’s results to have a profound impact on the market. XRP investors and traders should carefully watch Ripple’s next moves depending on the outcome in the next few days.

Link

Billionaire Israel Englander, founder of Millennium Management, has significantly increased his stake in Nu Holdings (NYSE: NU), a move that aligns with the investment strategies of Warren Buffett and Cathie Wood.

These high-profile investors, each known for distinct approaches, have found common ground in Nu Holdings, a digital bank making waves in Latin America.

Nu Holdings, a Sao Paulo-based Brazillian neobank, has seen its stock surge by 73% in 2024, currently trading at $14.34.

Nu Holdings: A disruptor in digital banking

Nu’s appeal to investors lies in its groundbreaking approach to banking in historically underserved markets. Operating as a fully digital bank, Nu has streamlined financial services in Brazil, Colombia, and Mexico—regions long dominated by traditional banking behemoths.

With over 104.5 million customers, Nu has captured a significant market share, particularly in Brazil, where it serves more than half of the adult population. 

This remarkable growth is attributed to Nu’s intuitive platform and its ability to outpace legacy banks through technological innovation and cost efficiency.

By eliminating physical branches and leveraging technology, Nu has achieved operational excellence, translating into impressive financial results. 

In Q2 2024, the company reported a 65% year-over-year revenue increase and a 30% rise in average revenue per active customer.

“Our customer base grew to 105 million customers. The recent launch of checking accounts in Mexico and Colombia has ushered deposits of US$ 3.3 billion and US$ 220 million in those countries, respectively, and fuels our growth expectations in those operations.” – the bank said

Why Englander, Buffett, and Wood are betting big

Warren Buffett, through Berkshire Hathaway (NYSE: BRK.A), was an early believer in Nu. Buffett purchased his stake in the company for almost $750 million in 2021, around its initial public offering (IPO) phase.

Today, Berkshire holds 107 million shares, valued at approximately $1.7 billion. Despite being a small fraction of Berkshire’s massive portfolio, Buffett’s stake in Nu signals his confidence in its long-term potential.

On the other hand, Cathie Wood’s ARK Innovation (ARKK), through its Fintech Innovation ETF, has acquired 2.12 million shares, worth $30.3 million. These positions highlight a shared belief in Nu’s growth trajectory despite their otherwise divergent investment philosophies.

Nu’s profitability has also caught the eye of Millennium Management, which increased its stake by 371% in the last quarter.

The company has posted GAAP net income for six consecutive quarters, an impressive feat for a fintech in growth mode.

Revenue soared 65% year-over-year in Q2 2024, driven by a 30% increase in average revenue per active customer. Nu’s efficient model allows it to scale without a corresponding rise in costs, as evident from its expanding net interest margins, which climbed from 18.3% to 19.8%.

What’s Next: High expectations for Q3 earnings

All eyes are now on Nu’s Q3 earnings report, scheduled for release on November 13. Analysts project $2.9 billion in revenue, reflecting a 39% year-over-year increase, with earnings per share expected at $0.11.

The market will be watching closely for updates on Nu’s loan portfolio, delinquency ratios, and the broader economic outlook in its key markets.

Additionally, analysts maintain a cautiously optimistic outlook for Nu Holdings over the next 12 months, with the stock rated as a ‘buy’ on TradingView. However, the overall price target remains conservative, reflecting expectations of only modest upside potential.

That being said, Englander’s decision to copy-trade two of the most respected names in investing may turn out to be a brilliant move as Nu positions itself for even greater success in the rapidly evolving digital banking space.

This trio’s alignment on Nu Holdings shows the company’s potential to dominate the fintech landscape, making it a must-watch stock for growth-oriented investors.

Link