Introduction
Market scanners are essential tools for finding trading opportunities and avoiding scams on pump.fun. This guide covers the best free tools and how to use them effectively.
Why Use Market Scanners?
Pump.fun launches hundreds of tokens daily. Manual research is impossible, so scanners help you:
- Find trending tokens before they explode
- Identify suspicious activity and potential scams
- Track volume and momentum changes
- Monitor wallet behavior of smart money
- Analyze tokenomics and contract details
Essential Scanner Categories
1. Token Discovery Scanners
Find new and trending tokens based on various metrics
2. Whale Watching Tools
Track large wallet movements and smart money
3. Technical Analysis Scanners
Screen tokens based on price patterns and indicators
4. Safety & Due Diligence Tools
Check for scam indicators and contract risks
Free Token Discovery Tools
1. Pump.fun Native Features
Advanced Scan (Free)
- Newly Created: Fresh launches
- About to Graduate: Tokens near graduation
- Recently Graduated: Successful projects
- Custom filters: Market cap, volume, age
How to Use:
- Check “Newly Created” for early opportunities
- Monitor “About to Graduate” for momentum plays
- Filter by volume for active trading
2. DEXTools (Free Tier)
Key Features:
- Real-time price charts
- Volume analysis
- Holder distribution
- Transaction history
Best Practices:
- Look for increasing volume trends
- Check holder count growth
- Avoid tokens with too few holders
3. DexScreener (Free)
Powerful Features:
- Multi-chain token screening
- Custom alerts and watchlists
- Social media integration
- Advanced filtering options
Recommended Filters:
- Volume > $10K in 24h
- Market cap between $50K-$1M
- Age > 24 hours (avoid very new)
- Liquidity > $25K
Whale Watching Tools
1. Solscan (Free)
Track Large Transactions:
- Monitor wallets with >100 SOL
- Follow successful trader movements
- Set alerts for large buys/sells
How to Use:
- Find a successful token
- Check largest holders
- Follow their wallet activity
- Copy their strategies (carefully)
2. SolanaFM (Free)
Advanced Analytics:
- Wallet portfolio tracking
- Transaction timeline analysis
- Token flow visualization
- Smart money identification
Best Practices:
- Focus on wallets with consistent profits
- Look for early accumulation patterns
- Avoid copying obvious insider trading
Technical Analysis Scanners
1. TradingView (Free Plan)
Built-in Screeners:
- Price percentage changes
- Volume spikes
- Technical indicator signals
- Custom alert system
Useful Screens:
- Tokens up >50% in 24h with volume
- RSI oversold with volume increase
- Breakout from consolidation patterns
2. Birdeye (Free Features)
Comprehensive Analytics:
- Price action analysis
- Volume profile
- Support/resistance levels
- Trend identification
Safety & Due Diligence Tools
1. RugCheck (Free)
Contract Analysis:
- Mint/freeze authority checks
- Liquidity lock status
- Ownership verification
- Risk scoring
Red Flags to Avoid:
- ❌ Mint authority not revoked
- ❌ Freeze authority active
- ❌ No liquidity lock
- ❌ Anonymous team with control
2. Solana Token Extensions
Built-in Safety Features:
- Metadata verification
- Official project links
- Team information
- Community validation
3. Social Media Analysis
Twitter/X Monitoring:
- Official project accounts
- Community engagement
- Influencer mentions
- Sentiment analysis
Discord/Telegram:
- Active community
- Developer presence
- Roadmap discussions
- Red flag behaviors
Building Your Scanner Strategy
1. Daily Screening Routine
Morning (30 minutes):
- Check newly created tokens
- Review overnight whale movements
- Scan for volume spikes
- Update watchlists
Midday (15 minutes):
- Monitor active positions
- Check for news/updates
- Scan for new opportunities
- Review performance
Evening (20 minutes):
- Analyze day’s performance
- Plan next day’s strategy
- Update research notes
- Set alerts for overnight
2. Multi-Tool Approach
Primary Scanner: DEXScreener for initial discovery Validation Tool: RugCheck for safety analysis Technical Analysis: TradingView for entry timing Social Monitoring: Twitter for sentiment
3. Alert System Setup
Volume Alerts:
- 500%+ volume increase
- New 24h volume high
- Whale accumulation (learn more in our whale tracking guide)
Price Alerts:
- Breakout from key levels
- 50%+ price increase
- Technical pattern completion
Scanner Interpretation
Volume Analysis
- Increasing volume + rising price = Bullish
- Decreasing volume + rising price = Potential top
- High volume + sideways price = Accumulation
- Volume spike + price drop = Distribution
Holder Metrics
- Increasing holders = Growing interest
- Top 10 holders under 50% = Good distribution
- Dev wallet dumping = Red flag
- Whale accumulation = Bullish sign
Social Signals
- Growing Twitter followers = Awareness building
- Active community = Sustained interest
- Influencer mentions = Potential catalyst
- Coordinated shilling = Pump and dump risk
Advanced Scanner Techniques
1. Correlation Analysis
- Find tokens that move together
- Identify sector rotations
- Spot market-wide trends
- Time entries/exits better
2. Historical Pattern Recognition
- Study past successful tokens
- Identify common characteristics
- Build pattern library
- Improve selection criteria
3. Multi-Timeframe Scanning
- 1-minute: Scalping opportunities
- 15-minute: Short-term swings
- 1-hour: Medium-term positions
- Daily: Long-term trends
Common Scanner Mistakes
1. Information Overload
- Problem: Trying to track too many metrics
- Solution: Focus on 3-5 key indicators
2. FOMO Trading
- Problem: Jumping on every scanner alert
- Solution: Validate with multiple tools
3. Ignoring Risk Signals
- Problem: Focusing only on profit potential
- Solution: Always check safety metrics first
4. No Verification Process
- Problem: Trusting single source information
- Solution: Cross-reference multiple tools
Building Custom Watchlists
Categories to Track:
High-Potential New Launches:
- Strong community
- Doxxed team
- Clear utility
- Fair launch
Established Projects:
- Proven track record
- Regular development
- Growing metrics
- Partnership announcements
Comeback Candidates:
- Previously successful
- Recent price decline
- Positive developments
- Technical setup improving
Scanner Performance Metrics
Track your scanner effectiveness:
Discovery Rate: How many opportunities you identify Accuracy Rate: Percentage of profitable discoveries False Positive Rate: Scanner signals that fail Response Time: Speed from signal to action
Monthly Review Process:
- Analyze winning vs losing discoveries
- Identify most effective scanner combinations
- Refine alert criteria
- Update screening parameters
Integration with Trading Strategy
Pre-Market Scanning (Before Trading)
- Review overnight developments
- Check for gap opportunities
- Identify potential catalysts
- Plan day’s targets
Real-Time Monitoring (During Trading)
- Watch for entry signals
- Monitor position health
- Scan for exit opportunities
- Track market sentiment
Post-Market Analysis (After Trading)
- Review missed opportunities
- Analyze scanner performance
- Update research notes
- Plan improvements
Remember: Scanners are tools, not crystal balls. They help identify opportunities, but success still requires proper analysis, risk management, and execution.
These tools provide data and insights, but always conduct your own research before making trading decisions. Past performance doesn’t guarantee future results.
Ready to Apply This Knowledge?
This is educational content for intermediate level traders. Practice with small amounts and always do your own research.
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