Photon
Photon is one of the most popular web-based trading platforms for Solana meme coin traders. You can use it to discover profitable wallets.
Example token (moonpig, Solana meme coin)
When you open a token page, the Transactions tab is shown by default.
Here, you can check recent transactions, their amounts in USD and SOL, and the wallet addresses that made the transactions.
Top Traders
Click the Top Traders tab.
Here is the rank of the top traders who made the most profit trading this token (MOONPIG).
1) RANK: A number indicating the position based on profit, sorted in descending order.
2) MAKER: Trader’s wallet address. It goes to the wallet’s Solscan page if clicked.
3) INVESTED: It shows the value of the token bought in USD, the token amount, and the number of token buy transactions.
4) SOLD: It shows the value of the token sold in USD, the token amount, and the number of token sell transactions.
5) P&L: Profit and Loss in USD calculated by the INVESTED and SOLD values.
6) REMAINING: It shows the remainder of the token in USD.
7) BALANCE: It shows the remainder of the token in token amount.
8) TXNS: Both graphs and the current section show the trader's buy-and-sell transactions.
9) EWJ...3Hs: This wallet ranks #4 for this token, meaning it made the 4th highest profit trading MOONPIG.
It bought $4,400 worth of MOONPIG in 2 buy transactions and sold it for $166,000 across 19 sell transactions.
This is the type of trading style that you have to look for in copy trading. A wallet with fewer buy numbers and more sell numbers is generally considered a better wallet for copy trading.
These are the GMGN stats for the wallet (EWJ...3Hs). ROI is 6,500% with $163,700 profit.
Balance $0, Position 0%: It sold all the tokens.
Holding Duration 12d: It held and sold the token across 12 days.
30D TXs 2/19: 2 times of token buy and 19 times of token sell, as we checked on the Photon.
GMGN can show even more details when clicking on each token's trading data.
The token price graph at the top shows when the wallet traded the token with the B and S marks on it.
B (Green): token buy
S (Red): token sell
T (Grey): multiple trades
The table below shows the trading data in more detail.
It also shows the buy record when scrolling down further.
Now, let’s check the other wallets in the top rank.
The rank #1 wallet, 51S...iNs, has no buy transaction record with 17 sell transaction records. There was no buy transaction to copy trade for you. (It happens if the token was transferred from another wallet.)
The rank #2 wallet, j1o...xTF, has 157 buy transactions and 339 sell transactions. This type of trading is very risky to copy trade because of trading fees, liquidity, market cap, slippage, and other factors.
It’s actually an arbitrage wallet. It buys and sells in the same second, which makes copy trading not possible.
GMGN shows that its real ROI is very tiny.
The rank #3 wallet, EdD...jA7, has 23 buy transactions and 30 sell transactions, which is not a trading style recommended for copy trading, either.
10) It’s similar to what we just saw in GMGN. It shows the wallet’s trading data on both token price graphs and tables.
As you can see, this trader bought the token soon after the launch and sold it throughout the 12 days. This trader might be an insider of the token or a skilled trader. Regardless of the case, this is the recommended trading style to copy trade.
(Long hold + high ROI + fewer buy with multiple sell)
Photon is one of the most popular web-based trading platforms for Solana meme coin traders. You can use it to discover profitable wallets.
Example token (moonpig, Solana meme coin)
When you open a token page, the Transactions tab is shown by default.
Here, you can check recent transactions, their amounts in USD and SOL, and the wallet addresses that made the transactions.
Top Traders
Click the Top Traders tab.
Here is the rank of the top traders who made the most profit trading this token (MOONPIG).
1) RANK: A number indicating the position based on profit, sorted in descending order.
2) MAKER: Trader’s wallet address. It goes to the wallet’s Solscan page if clicked.
3) INVESTED: It shows the value of the token bought in USD, the token amount, and the number of token buy transactions.
4) SOLD: It shows the value of the token sold in USD, the token amount, and the number of token sell transactions.
5) P&L: Profit and Loss in USD calculated by the INVESTED and SOLD values.
6) REMAINING: It shows the remainder of the token in USD.
7) BALANCE: It shows the remainder of the token in token amount.
8) TXNS: Both graphs and the current section show the trader's buy-and-sell transactions.
9) EWJ...3Hs: This wallet ranks #4 for this token, meaning it made the 4th highest profit trading MOONPIG.
It bought $4,400 worth of MOONPIG in 2 buy transactions and sold it for $166,000 across 19 sell transactions.
This is the type of trading style that you have to look for in copy trading. A wallet with fewer buy numbers and more sell numbers is generally considered a better wallet for copy trading.
These are the GMGN stats for the wallet (EWJ...3Hs). ROI is 6,500% with $163,700 profit.
Balance $0, Position 0%: It sold all the tokens.
Holding Duration 12d: It held and sold the token across 12 days.
30D TXs 2/19: 2 times of token buy and 19 times of token sell, as we checked on the Photon.
GMGN can show even more details when clicking on each token's trading data.
The token price graph at the top shows when the wallet traded the token with the B and S marks on it.
B (Green): token buy
S (Red): token sell
T (Grey): multiple trades
The table below shows the trading data in more detail.
It also shows the buy record when scrolling down further.
Now, let’s check the other wallets in the top rank.
The rank #1 wallet, 51S...iNs, has no buy transaction record with 17 sell transaction records. There was no buy transaction to copy trade for you. (It happens if the token was transferred from another wallet.)
The rank #2 wallet, j1o...xTF, has 157 buy transactions and 339 sell transactions. This type of trading is very risky to copy trade because of trading fees, liquidity, market cap, slippage, and other factors.
It’s actually an arbitrage wallet. It buys and sells in the same second, which makes copy trading not possible.
GMGN shows that its real ROI is very tiny.
The rank #3 wallet, EdD...jA7, has 23 buy transactions and 30 sell transactions, which is not a trading style recommended for copy trading, either.
10) It’s similar to what we just saw in GMGN. It shows the wallet’s trading data on both token price graphs and tables.
As you can see, this trader bought the token soon after the launch and sold it throughout the 12 days. This trader might be an insider of the token or a skilled trader. Regardless of the case, this is the recommended trading style to copy trade.
(Long hold + high ROI + fewer buy with multiple sell)
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