Ep 185: MALWARE. How To Use Dexscreener with Dentoshi, plus Bitcoin hits $100K
In this episode of Malware, special guest Dentoshi joins Deana and Natasha, and teaches them the basics of Dexscreener . 00:00 Introduction 08:32 Learning DexScreener Basics 15:36 Advanced DexScreener Tips and Strategies Subscribe to the Boys Club newsletter here ! Boys Club is proudly supported by Kraken. Kraken is a crypto exchange for everyone.
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- Published Dec 6, 2024
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[00:00] Good day to be a crypto podcaster. [00:21] The boys club podcast. No, no. [00:24] Just boys club. [00:25] Happy 100k for all who celebrate. Yeah, yeah. It's a great day. It's a great day for many of us here on crypto Twitter. This is Malware. Malware is a podcast, a weekly podcast where we look at the tech news of the week. This week, it's going to be all about [00:46] all about crypto it's gonna be all about our girl [00:49] Bitcoin. All about our baby girl. Well, actually, no, because we're talking about trading. Yeah, I guess so. [00:56] We're traders now. That's our entire personalities. And... [01:01] I have a draft tweet that I'm kind of dying to send that Vance from Framework Ventures [01:07] tweeted this morning in all caps open the markets and i'm really dying to retweet it and be like makes makes one trade this is now me yeah for people who are listening we are we are not traders um which will be made very clear by the by the second half of this podcast i'm ready for this arc for me i'm ready for like my villain era i i think you are perfectly suited
[01:37] I, yeah, I want to say... [01:39] one thing, which is that if you missed last week's episode about how we got to this point, where we have become full DGENs, traders, it's important context because we have spent the last three years [01:51] extolling the virtues of what's possible with a new internet and we have done the lord's work in trying to talk about evangelists brow beating yeah [02:02] the values the values of the blockchain and the values of what it means to build a new internet on a new set of rails we have talked about this [02:13] Endlessly. [02:14] for three years 200 episodes 200 fucking episodes of this podcast and we have never once traded actually and that was actually when uh david hoffman from bankless joined our discord he was like i can't believe there's no charts in here you guys don't talk about charts at all and i'm like who whomst has a chart i'm like what's a chart what are you talking about link me so i just want to say i feel a little defensive about this because [02:40] I don't know, maybe no one is coming in for everyone has a context on this, but like people could be coming in fresh and being like, wow, they're so money oriented. And it's. [02:49] and and that is true now but that is true with a history of having done our time talking about how a new internet is possible on a new set of rails and decentralization and and let me just say i still believe those things to be true i want that world i think an ownable distributed equitable internet is essential to the well-being of our own futures
[03:16] Having said that, [03:18] I... [03:19] This is my year. I refuse to go through another cycle and not come out with [03:27] generational wealth it's a yes end it's a yes and both it's both it's both and we can have both and i think it's time for both and i think that there's some nuance there that you might have to work through but [03:41] I don't anymore. I'm not working through it at all. I'm not working through it. And I'll just say one other thing. You get what you say out loud. [03:49] You want something, you need to speak it out loud. And so I'm going to speak it into existence until it is my reality. So having said that, now you're going to hear all that and you're going to feel like, wow, these ladies... [04:03] are just, they're on the precipice of wealth. And then you're going to hear the rest of this episode and you're going to feel deep, deep concern, as you should. So what we did today is I don't know how to read a chart. [04:16] And recently found out what Dex Greener was, has been in this industry three years. It's humiliating, but whatever. What do I have to lose? And so we... [04:27] hit up one of our friends and... [04:30] colleagues dentoshi she is a trader extraordinaire she is an incredible follow on twitter.com she will post charts all day long about her trades and [04:43] One thing that I will say, and she can cut this from the episode if she wants us to, she is anonymous and we were recently an a**hole and she was in town and we got dinner with her and she walked in and she is...
[05:00] one of the most beautiful women I've ever seen in the world. And I was like, if I looked like that, [05:06] I would not have the self-control to be anonymous online. I would be so fully doxxed, there would be no reality where someone couldn't immediately find me. And I just respect that a lot in her. She's also very smart and very generous and kind in teaching us the 101 on Deck Screener. And basically Deck Screener is a place online where you can see activity that's happening on different coins. [05:33] Is that it? [05:34] That is. Yeah, I think that's it. I do want to just talk quickly about the 100k news for Bitcoin before we get into our learning section of the podcast. So Bitcoin had 100k last night when I was sleeping. I was tucked up in my bed, but everyone else wasn't. You missed like a canon moment on crypto Twitter. I couldn't get to sleep. Like I was laying in bed and I was just like, I can't turn it off yet. Like it's so joyous. [06:04] it's up to 104 um it hit 104 last night too uh i was with two friends we're at 101 um i was with two friends who are not in crypto at all and the way that i found out is that boys club tweeted an incredible tweet that was i knew this is how i would find out and it was a screenshot of created from the mind of kate a screenshot that it was pop crave that broke the news and i got a notification
[06:34] and I was like, oh my gosh, Bitcoin hit 100K. And my friends were like, oh, is that... [06:38] is that good? And I was like, yes, very good. It's very good. And they were like, what was it recently? And I was like, 33,000, like not so long ago. And then I was like, we were all hanging out. And then I was like, oh, 101. Oh, 102, 103, 104. And they were like, should we get in? And I was like, no, not right now. Yeah, I saw a tweet last night that was like the difference between 99, 500 and 100K is nothing, but it's a psychological barrier that is important. And also we've been [07:08] or something, 10 days maybe. And... [07:11] There's just people who have like sell orders at 100K or 99.99. So they're all getting out. And so we just like we needed to push through that. There's a couple reasons, you know, there's speculation as to why things happen. I don't know that this is gospel truth, but there were a couple things that did happen yesterday that could have been. [07:29] helped to catalyze that. First was our incoming president, Donald Trump, named a very crypto friendly SEC chair pick, Paul Atkins. He's the co-chair of the Digital Chambers Token Alliance. And it's just generally known for being very pro crypto. So that was the first thing that happened. If you're a lawyer, or if you know anything about this man, hit us up. I think we want to talk about it and understand. We'd love to do an episode on that. And then the second thing was Jerome Powell, [07:59] of man. Man. He had a quote that went viral yesterday, basically. That was, he said...
[08:08] Bitcoin is just like gold, only it's virtual. It's digital. It's basically like the competition for Bitcoin isn't [08:15] the US dollar, it's gold, which was pretty legitimizing. And so those two things happened yesterday. And here we are today at 101k. And that's kind of it. God is good. Won't he do it? [08:32] Okay, should we get into the deck screener? Let's go. [08:36] you [08:37] Hey, Natasha. So a question we get asked a lot is, what do you look for in a crypto platform? So let's talk about it. Well, Dina, I look for a secure, no fuss platform that I can dive into right away. That's why I love today's sponsor, Kraken. If you're waiting for the right time to get into crypto, Kraken makes it super easy and intuitive to get started. Plus, if you get stuck, they have an award-winning client support team that's available 24-7, along with a bunch of educational guides, articles, and videos to help you along the way. If you're ready to check out [09:06] go to kraken.com backslash boys club not investment advice crypto trading involves risk of loss and is offered to us customers through payward interactive inc [09:19] Do you want to share your screen, Natasha? Yeah, let's do it. Hi, Dentoshi. Hi. Good morning. Good morning. We're so happy to have you. We are going to... [09:29] ask you a bunch of questions that before we got recorded here, you mentioned that you listened to the last episode and that you heard that. [09:38] I...
[09:39] I'm in the trenches, which I am. And I don't know what I'm doing. So we're here to have you help us. And one of the things that we need help with is understanding how to use Dex Greener, which [09:52] neither of us know how to do. [09:54] So I'm just going to literally share my screen and we're going to have you... [10:01] tell us what is going on here okay before we actually do that what what is deck screener [10:08] So Deck Screener is basically like a website that gives you an overview of all the coins that are on chain. And basically it kind of has created an interface that just makes it like pretty easy to spot what's going on depending on how you want to... [10:26] have that overview. So you can sort for instance on volume, you can sort on market cap, you can sort on new coins. They also have, if you look on the left, [10:36] like a little bit of a new pairs and gainers and losers section, which just makes it super easy to kind of filter for what your strategy is. They also have their separate chains, as you can see, and it's basically just an overview of like what's going on. [10:53] and what's hot in the market. [10:55] But obviously as an outsider, I can totally imagine that it may look [11:01] very overwhelming. [11:02] scary it looks so scary it's awesome i completely agree i completely agree [11:08] So the current view right now, what we're looking at is...
[11:11] list of it looks like [11:13] top [11:15] I actually don't know what this is sorted by right now. It maybe seems like six hour. Last 24 hours trending in the last six hours. [11:24] Yeah, exactly. And you can see there, you know, obviously the price, you have the age of the token, the amount of ticks, so the amount of like transactions that have been done, the volume, which is super important in my opinion, because obviously when a coin is hot, you want to see like a lot of volume. [11:43] And then you can see the five minute change, the one hour change, the six hour, the liquidity and the market's gap, which is obviously like a lot of information. [11:52] Let's start with the basics. I would maybe like make it a little bit more peaceful and just do in the search bar. You can search for instance, like let's say PopCats. [12:02] And you can go to the charts. [12:04] Pop. [12:05] Kat? Yes. [12:07] Okay. For example, yes, and you click on it. The stop one here? Yeah, that one. Okay. [12:13] Thank you. [12:14] And then you have a little bit more of an overview and then maybe go to the daily. So you click on the D. [12:21] Yes. [12:22] And then, yes, that's better. OK, so we're looking at a Solana meme coin called PopCat. [12:31] Exactly. Okay. And we have it on the daily. So this is... [12:36] Today's [12:38] trading, [12:40] History. History. Okay, let me take you from scratch. I think that's a good idea. So this personally is my favorite way of having like an overview index screener, because it just gives you like a very clear picture of what is going on with OneCoin.
[12:58] So here you can basically see Bobcat's Wages coin on Solana, one of my favorites that I've been holding for quite a while. And in this screen overview, you have basically like most of the information that you want to have. [13:13] in one screen captured. [13:15] So obviously you can see the chart here on the left, and that is basically a representation of [13:21] human behavior of people buying and selling represented in candlesticks, which are those red and green things that you can see. [13:29] Currently, it's sorted on a daily chart, which means that little d that you see, meaning that every candlestick represents one day. [13:38] So this is basically showing you like October to now. [13:43] what is happening and whether people have been buying or selling. [13:46] I see. Okay, so each candlestick is a representation of [13:49] of like this is November 13th and then this is the 14th. Okay. And it just depends on like how close you want to zoom in because you can zoom into the four hour to one hour. [14:00] Just really like how close you want to take a look there. Granular. Okay. Just on the candlestick definition. So my understanding is that it is like that red one that you just were highlighted on. That would basically be like the day started at the top of that. [14:16] Candlestick and ended at whatever the bottom was and because it went down it's in red and it in your what you're looking at is the difference between how it started and where it ended is that right? [14:26] Correct. Okay. So any candlestick that will close lower than it opens will be red and the other way around. And then those wicks, which are like the spiky things you see, is just like the most extreme
[14:39] prices that have been put in for that day. [14:43] Okay. [14:44] Wait, wait, wait. Why wouldn't that... [14:49] be in the candle [14:52] Because it was an extreme and the candles, like the bodies of the candles basically, are the open and the close. So everything that happens outside of it are just the extremes. [15:02] Does that make sense? Yeah, I think for me, I'm just not going to pay attention to those wicks. That doesn't, right? Like, that's fine. Yeah, of course. That's fine for sure. I mean, wicks as a trader can tell you information, but in general, I think that it's just good to have like an overall idea of how a chart looks. Even if you're just like flipping meme coins and doing it like based on a God feel or, you know, trends. [15:26] It's nice to have like a little bit of an overview, but I wouldn't say that you need to like... [15:32] know your charge to do things like this. Okay. Okay. Okay. So then going through some other very basic questions here. So the price of this current [15:40] token is $1.36 USD. [15:44] Okay. [15:45] And then they show the price in Seoul. [15:48] Yes, token on Solana. Okay, great. And then [15:53] liquidity. [15:54] Give us a 101 on what that means and how that's established. [15:59] Yeah, so it's basically liquidity is kind of like what is available to trade here right now with this coin. And then we, of course, have the market cap and FDV. And with meme coins, this is usually a little bit easier than with meme coins.
[16:15] for instance, coins that have a lot of VC backing or a lot of investors, because we basically have our market cap, which is the total value of all the issued coins. So that means that the coins that are now in circulation times the current market price of one coin. And because meme coins are often very community forwards, they usually don't really have any backing or investors, at least not like officially. [16:41] And therefore, most of the time when it launches, everything is immediately in circulation. So there's not really any discrepancy between. [16:49] its market cap and its FDV. The FDV is basically the fully diluted valuation. [16:56] Meaning what the market cap would be if all the coins were in circulation. [17:00] So to give like an example for that is that sometimes with a coin, like let's say OP or Arbitrum or whatever, they have like a lot of coins to just. [17:09] you know, put it very simply. And a few of those are locked up for investors and a team. [17:15] And slowly over time, these will go into circulation. So often in any point in time, there will be a discrepancy between the current market cap versus the market cap that it's going to be eventually. Okay, I think I'm tracking because this is a meme coin, the market cap and the [17:35] FDV are equal because there's no token lockup on any of these or on any pop cat. Yeah. But for an OP, that would be different because there is tokens that are locked up, whether it be with investors or employees or whatever it may be. And this will fluctuate. This will change over time as those unlock tokens.
[17:57] Correct. And it's nice for people that are trading meme coins because it basically means that [18:03] Very often these people that are investors or the team, they obviously got their tokens much earlier for a better price than retail, which means that eventually when these things get released to them, they will sometimes take profit and potentially like dump on the head of retail. [18:18] Yeah. Which, [18:19] you know, creates like sell pressure and makes the price go down. And also sometimes for retail people feels like a little bit unfair. And therefore, like a lot of people like a very small discrepancy between the FDV and the market cap, because that means that everything is already in circulation and it's kind of like an equal playing field. Whereas when the discrepancy is very big, there are often insiders that are just getting tokens that they bought super, super cheap and they will likely just sell to get their back. [18:49] Okay, that makes sense. So then another question for me is when I've seen meme coins start to first launch and they're picking up steam. [18:58] the market cap of it is growing. And so can you just explain how and why that happens? [19:04] So the market gap is basically growing because, um, [19:08] people are buying the token up, which means that there is demand for the token and people are willing to pay a higher price for these tokens, which kind of drives the price up. And especially with meme coins, this can go super, super fast. [19:23] which is like really interesting to see because for instance, if you go to the search bar,
[19:28] and you search for "chill guy" one word [19:32] Thank you. [19:34] Yes, go there. [19:36] And now instead of clicking price there all above, click market gap. Perfect. And you can see that if you go all the way back to the first candle, you can see that that was November 15 or something like that. [19:50] This thing has existed less than a month and it basically ran to 700 mil market cap. [19:57] Oh my gosh. Okay, at its height. Bizarre. Bizarre. [20:02] Because basically, so what happened is somebody launched this token and there's a set, there's a cap amount of tokens in circulation. Exactly. [20:14] The price, the market capped increased because people were willing to pay more and more and more for this specific token. Is that correct? [20:22] Yeah, because it's like the market is simple supply and demand. So if a lot of people want the same amount of coins, then they're going to pay more to get it, basically. And if that just keeps happening, then demand kind of increases. And in that way, price goes up and up and up until someone decides that it's not a fair price for the token anymore and they start selling. [20:43] I think an important note there is that the liquidity for some of these [20:49] especially meme coins can be really low. So even if you have a paper profit of millions of dollars on a particular token,
[21:00] you may [21:02] not be able to get all that whole amount out if the liquidity is low on a token. [21:07] Yeah, because it's kind of like these assets have to be exchanged with each other, right? Like in this case, Solana or UCT or whatever you want to exchange. And it's kind of the case of like, if you would have, let's say, hypothetically 400 mil worth of Chilkai, if you would dump all of that, you would cause such a dramatic [21:27] shift in price, that's [21:30] it wouldn't really be able to actually exchange for the price that is currently here. Because if you sell so much, the price will start tumbling and it will just kind of be like, um, [21:40] yeah like a cascade down to say okay i think that's an important risk to note around [21:46] um, [21:47] liquidity for some [21:48] meme coins. Yeah, for sure, because [21:51] Because the thing is, like with meme coins, you are affecting market price very easily, often when there's a very low market cap. And I heard you, Natasha, speak about this in your most recent episode, which I really love. You were basically saying like there is sort of an. [22:10] what's the word in English? Etiquette, like there are rules about respectful selling. Like if you are with your friends all in the same coin, [22:19] Then if you dump like 50K worth of the token in one go, you are going to ruin the charts if the market cap is low. [22:26] And that's kind of something to take into account. And that's why it's really important to look at this liquidity thing, because
[22:33] you can have a lot of tokens, but if you can sell them without affecting price in a drastic way, [22:40] then you wouldn't actually really be able to sell all those tokens for that price. Because in the meantime, if you starting to sell, half of them would already be [22:49] you know, tumbled so far that it's not even the same value anymore. [22:53] These are just ways to see... [22:55] This is a very young... [22:57] token so there's not a lot of time here but this is just to see like time horizon of the token and then this is just like [23:05] current trades that are coming transactions that are coming in like 29 seconds ago or 36 seconds ago or things like that. Is that correct? [23:12] And this is where it gets really interesting because that's like the last part of the thing that I wanted to explain, because obviously we have kind of like three divisions here. [23:21] Right. You can also see, by the way, on the right, just to finish everything in the whole volume section, you can obviously see like the buy volume, the sell volume, the buyers, the sellers, which is all like. [23:33] very interesting because you can see here that it's pretty 50/50 between buyers and sellers. And sometimes with coins, you will see that it's very skewed to one side, which is always something to pay attention to. [23:45] Let's go to the bottom section of your screen. [23:50] This to the left, yes, that's what I really, really love because this is giving you a ton of information, especially when you're dealing with smaller coins. [24:00] Because here you can basically see any transaction that is going through for this current pair.
[24:07] And you will be able to filter if you scroll to the right in this section. Mm-hmm. [24:13] Yeah, you can see the maker there, which means like the person, the wallet that's doing the transaction. So you can, if you click on that filter thing, [24:22] You could put in an address of someone that you're tracking and then it would basically show you all of the trades that this person has done for this pair. [24:31] Oh, wow. Okay. Wow. You can really get stalker, full blown. Full blown stalker. Stage five clinger. Listen, people do this. I was I was recommending a coin to a friend the other day. And then 10 minutes later, he's like, [24:46] "Oh, I see you're up this and this much." Wow. And it wasn't even my roddo, so bad stalker, but still. [24:55] But what's also nice here, just one last thing, [24:58] If you go to the USD section, you can obviously see how much people have been buying and selling. But if you click on a filter there, [25:07] Yes, you can also filter for transactions higher than 50,000 or higher or lower than a certain amount. So you can really track like what, for instance, whales have been doing. So imagine you would go [25:21] All the way back to the beginning of a chart like this that really started bumping to 700 mil market cap within a month. [25:30] obviously you would love to know who the people were that were buying this size early on because if they were doing this then maybe they have some other traits that you're like oh
[25:40] I kind of want to track their wallet to see what they're doing. Okay, really interesting. So I'm curious... [25:46] If... [25:48] one of your strategies, like if you're looking at the gainers and the losers, or if you're looking at like hot coins that are coming out that these [25:55] that are [25:56] pumping at the moment and that's one way to sort of get a sense of what's happening in the market. But what a more layered and thoughtful approach seems is like you can go to these tokens that have had really crazy [26:11] like just ripped out of nowhere and dig into who those holders are and what trades they're making and start to watch those wallets as a way to understand. [26:22] what those types of [26:24] like, [26:25] If it's meme coins like meme coin whales are doing and what they're trading. [26:29] Exactly. And there are a few other tracking devices for this. I mean, you obviously have D-Bank, you have EtherScan, and there's just also people like Bubble Maps, a company that's kind of making all of this visible. So it makes it very visual to see like what kind of... [26:49] people are holding how much of the supply and so forth. Because obviously in the case of a meme coin, but also in the case of any coin actually, you wouldn't really want someone to have all of the control of the supply because then it gives them a lot of power to kind of once again dump on your head, which is something that you want to avoid. So for me personally, I really love the wallet tracking thing.
[27:12] What I also really love is just watching charts. Most of my buys would be between like one and five million when it comes to meme coins. [27:20] I did have one the other day that did pretty well that was like a few hundred K. [27:25] market gap, but usually I will buy between the one and five mil mark. Okay. [27:31] When it comes to that, you can really also use obviously the charts. Um, then the token distribution, what I just mentioned needs to be healthy. So you don't want people to hold too much of the supply in one wallet. And also what I personally really love. [27:44] When you like see a coin pop up somewhere that you like, just do the cash tag search on Twitter. [27:52] Because that will give you so much clarity, like who's talking about it? What are they saying? [27:57] What's the trend? What's the lore? [28:01] There's just a lot of information that you can extract from there, I feel. So I just want to make sure I'm understanding these. This is the date that it was created, right? Mm-hmm. Pair created. And then this would be the contract address? [28:13] Yes, for Seoul and for Jogai. I don't know any person that really uses that. [28:19] What I do is if you scroll up, [28:22] You can just see behind the chill guy, you see a little copy image. [28:27] No, up. Yeah. When you see it. Yeah. Oh, here. Yeah. And that's where you can copy the bear. Okay, great, great, great. [28:33] And you can also obviously just click on that and go to Radium. If you click on Radium, you just go to the [28:39] uh oh it doesn't take you down what is radium [28:42] That's probably like a really embarrassing thing. So radium is basically where you can swap these things.
[28:50] Okay. The interface that's decentralized trading for these things. And what I always find to be the safest thing to do is that you just go on deck screener, and like I just showed you with GeoGuy, you just copy the address. [29:05] there right behind you. And then you just paste it into like your Phantom wallet or your Radium or wherever you're swapping. [29:14] So you just make sure that you have the right pair because very easily see that the market gap is [29:20] So this is clearly the right pair. [29:23] Because there's oftentimes like a lot of derivative coins around a specific like chill guys like people try to create other coins based off ones that have popped off. Right. [29:34] Yeah, and I would say that if you're further down the line in the process, on CoinGecko is like the most verifiable source. [29:41] You know, that you really want to look for the right contract address or the Twitter account of the coin. But obviously in the beginning, when they're super small, they will not always have like, [29:53] those kind of things yet, like a solid Twitter account or CoinGecko page. Might take some time. Okay. So just really do your research before you buy something. Because it's so easy to create a token these days, right? So yeah. [30:08] Yeah. Yeah. [30:09] Okay. [30:10] Okay, so just quick question about how you personally use Deck Screener. Are you coming to the homepage and just checking out gainers and losers and looking at maybe new pairs to see what the opportunities are? Or have you...
[30:24] typically heard about a coin and you're just coming to deck screener as like a way to get more information about something that you heard about elsewhere. [30:30] Yeah, usually it's number two for me since I'm like I have in my Twitter, I have a lot of curated lists where I basically follow people that have a very good track record. Like I said, I'm not the person that's screening or spotting the meme coin at like a 50k market cap. That's usually not me. So I most of the times will come here to just check out, like I said, Twitter. [30:53] how things are looking, how the chart is looking. It's very easy to build watch lists on here, which I love. But I do go from time to time to just new pairs and gainers and losers to see [31:05] what's interesting and kind of what's hot. [31:08] Um... [31:09] Especially when there's a lot of volume on a coin that has a nice chart. I did spot GOAT, for instance, pretty early on the new pair, or gainers and losers page. I can't remember, but I believe it was at like... [31:23] 20 mil market cap, maybe something like that. Pretty low for what it eventually went to. [31:28] But this is... [31:30] Yeah, I mean, this is definitely a war zone. [31:33] - That's me. - You have to be ready and then in the mood. - You have to be in the mood. - You have to be in the mood. - You have to be in the mood. - You have to be in the mood. - You have to trade from a place of joy. Okay, I just want to quickly look at a more established, not a meme coin. If I were just to come up here and do OP, [31:52] and click in here.
[31:55] just so that we can get a little bit of, okay, so you would go day, okay, we're on day. This is a little bit of a different story because OP is a coin with a very high market cap, as you can see here, 3.27 bill. And it's also a coin that's traded on centralized exchanges as well. Okay. [32:14] And usually you [32:17] don't really want to use most of the data that you're seeing here because it's not really working that way because there's so many places of like buying and selling for this coin. Okay. What I would do is if this is your thing would use TradingView. [32:34] Personally, I don't know if you've ever heard of that. [32:37] Okay. [32:38] It's an application that just does charts. So whenever you see me post on Twitter, all those charts, like that's usually what you see or crack in desktop. Okay. And just to clarify on that, because since OP... [32:50] is traded on a centralized exchange, you're not getting all of the trades that are happening on the centralized exchange on [32:58] with op token because they they don't need to disclose that so you're only seeing the trades that are happening on decentralized exchanges that are being tracked on deck screener is that right uh i mean technically you could look in the order book of course which is basically the order book is basically all the buys and the sells that people are placing now but also are placing in the future because it works a little bit different that feels advanced okay i feel like
[33:28] order book that much. There are some traders that do that are really, really excellent with it. There are some traders that don't at all, that are also really good at what they're doing, but the information is mostly available. [33:42] Of course, there's always like OTCs and that stuff potentially happening behind the scenes. And there's never like a full transparency as there is on chain, I would say. [33:51] But the overview is there. The thing is just that like these coins, especially the smaller meme coins, they're just very on-chain focused. Bigger meme coins are also happening on centralized exchanges because things like Chillguy has a listing, things like Dog with Head, like all those meme coins have listings on centralized exchanges as well. [34:13] Um, so those kind of become more spread out in terms of where people are trading it. Okay. As you may know, you know, those listings are a huge deal, uh, for meme coins, because if you look at, uh, in the search bar and you go to MoDang, for instance. [34:30] That's really nice to [34:33] Yes. [34:35] So you see yesterday that pump or two days ago that happened, that was a Coinbase listing. Okay. Yeah. So it went, I think like a... [34:45] 70% pump at the high it was or 80% maybe even just on the news of a Coinbase listing. [34:52] Wow. [34:53] That's really like the hot deal in meme coins right now. And interestingly enough, there are a lot of people that are also trading that news with trading bots.
[35:03] So they will connect their accounts to a training bot and they will be able to just push a button whenever [35:09] a tweet like that comes out and they will basically like profit from the news in one second. Okay, let's pause on that because I do think that that is, I feel like we've had a win here by learning a lot of things on Deck Screener and I want to end on a successful, having had a successful learning experience and as soon as we get into bots, I'm like I'm already, I'm underwater again. I just want to have one clarifying question. So for more like established [35:37] tokens like a Solana or like Sol or OP or [35:41] Bitcoin or Ethereum or whatever, you're not really using DexScreener for that. You're on other, DexScreener is more for meme coin. [35:49] Correct. Okay. That's really helpful. [35:51] That's a helpful distinction. Deck screener is just really nice for like on-chain stuff and early stuff. [35:58] and things where you just want to have this information that I just mentioned, you know, like wallet tracking. Because the thing for things like OP, for instance, or any bigger coin, a lot of people will be holding them somewhere on an exchange or somewhere where they don't really move it. So the active wallets that you're seeing with, for instance, early meme coin buying will just be a little bit less important in that case. Okay, this was so helpful. [36:25] I'm feeling much more briefed, much more, I have a lot more understanding of what's happening now, which probably should have done this prior to actually putting real US dollars into any of it.
[36:39] Oh no, you're good. I think like the learning curve is where the fun is. And I would say personally, like I've made so many stupid mistakes over the years, like both funny ones and ones that were like not funny at all. [36:52] Also including like getting hacked, getting scammed, like it's just in the end, it will all make you [36:58] approach it. [36:59] still from a point of joy, but also just more cautious and more smart, I guess. I think that's the word. Thank you so much, Dentoshi. You are truly an icon and someone that we look up to and aspire to be like. And I'm so grateful for your time and I hope that [37:16] This was a one-on-one, and I hope that we're going to just... [37:19] Keep having you come back and us be a little smarter every single time. I love that. Next time we do the meeting video again. Perfect. Perfect.
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