Introduction

GMGN is an on-chain data analysis and trading tool designed specifically for meme coin traders. Established in 2024, it stood out in this round of meme trading. Since November 2024, both the number of GMGN users and trading volume have shown significant growth. On November 17, 2024, the daily trading volume reached $72 million, with a daily user count of 25,000. In January 2025, due to the TRUMP coin’s explosive popularity, GMGN gained prominence again. On January 19, 2025, the daily trading volume soared to $235 million, setting a historical record. GMGN also created the myth of achieving one million dollars in daily protocol revenue. Currently, the average trading volume per GMGN user is $10,487, with an average of 80 trades per user. In the past seven days, the total trading volume was $124,078,688, and the platform’s cumulative number of transactions reached 46,219,356.

GMGN Trading Fees and Trading Volume

Source: https://dune.com/adam_tehc/gmgn

GMGN Number of Transactions and Number of Users

Source: https://dune.com/adam_tehc/gmgn

Team Background

The GMGN team is composed of professionals with extensive trading and development experience. Founder Jerry Ma has over 20 years of experience developing tool-based products, combining technological innovation with market demand to drive rapid product development and user growth. Co-founder Haze is a well-known trader who was an early member of the Pionex exchange and has a deep understanding of the cryptocurrency market and trading mechanisms, coupled with years of practical experience. The other team members are all part of a purely Chinese team, numbering around 30 people, possessing strong technical backgrounds, market insight, and rich trading experience. The team believes that this round of meme trading is particularly popular in the Chinese-speaking community, and currently focuses on this region to leverage its community advantages.

Record-High Protocol Revenue

At the beginning of 2025, the launch and trading of the TRUMP token quickly became a hot topic in the meme coin market. It attracted considerable attention from speculators and traders, especially during its initial launch and short-term volatility. With heated discussions on social media, forums, and various crypto communities, the TRUMP token rapidly accumulated a substantial user base. This phenomenal level of attention directly drove GMGN platform traffic and user registrations.

As a primary data analysis and trading tool for meme coin investors, the GMGN platform benefited from its highly accurate market monitoring and real-time trading data features during the TRUMP token explosion, attracting a large number of users. These users not only used the GMGN platform to understand the TRUMP token market dynamics but also leveraged its smart money tracking and real-time data analysis features to develop more scientific trading strategies. The explosive trading volume of the TRUMP token made GMGN an ideal platform for analysis and decision-making. This surge in market popularity brought substantial traffic effects to the GMGN platform. According to rough market estimates, nearly half of TRUMP token trades were executed on the GMGN platform. As of January 26, 2025, GMGN users had collectively earned profits of $163 million from TRUMP token trades, with an average profit of approximately $5,826 per user.

Main Features

Quick Discovery and Trading of Meme Tokens

One of the core features of GMGN.AI is to help users quickly discover and participate in meme token trades. The platform provides a real-time updated token list showing newly created tokens in the market, private sale tokens nearing full allocation, best-performing recent tokens, and tokens already in active trading. Through these categories, users can rapidly capture market hotspots, identify potential investment opportunities, and adjust their portfolios promptly. This ability to quickly spot market trends is particularly important for meme token investors, as these tokens tend to experience sharp price fluctuations, and seizing the peak can yield significant returns.

Tracking Smart Money Movements

“Smart money” refers to funds controlled by investors or institutions with significant capital and deep market experience. GMGN offers dedicated features allowing users to track real-time smart money trading movements. The platform displays trading records and fund flows from well-known investors, venture capital firms, and other key opinion leader (KOL) wallets. Users can follow these smart money movements to discover potential market opportunities. This feature helps ordinary investors replicate or follow institutional investment decisions, reducing investment risk and increasing potential profitability. Investors can effectively gauge market sentiment and make more rational trading decisions.

Security Check Function

The investment risks in the cryptocurrency market are relatively high, especially for emerging and unregulated meme tokens. GMGN.AI offers a series of token security check tools to help users assess the safety of potential tokens. The platform’s security check function includes verifying whether a token’s liquidity pool (LP) has been destroyed, whether there are honeypot risks, whether the contract has been renounced, and whether the token is mintable. Users can evaluate whether a token project is safe and transparent, and avoid fraudulent or high-risk projects.

Automated Trading

GMGN offers automated trading functions to improve trading efficiency and reduce the time cost of manual operations. Users can set up automated buy, sell, and limit order strategies through the Telegram bot. With this feature, users can automatically execute trading decisions based on pre-set strategies without constantly monitoring the market. This is extremely useful for high-frequency traders or those who need round-the-clock market monitoring, greatly improving trading efficiency and convenience. Automated trading also reduces human error, ensuring that trading strategies are executed more accurately and systematically.

Real-Time Price Charts and Analysis

GMGN.AI also functions as a dashboard tool, providing real-time price chart features to help users understand each meme token’s market performance. The platform’s charts allow users to view the historical price trends of tokens, current trading depth, and other relevant market data.

Wallet Analysis Function

When users enter the wallet details page, they can intuitively view the wallet’s profit and loss situation over the past seven and thirty days. The page shows the overall amount of funds gained or lost and breaks down trade win rates, the specific number of buy and sell transactions, and the profit and loss ratios of each trade.

The GMGN platform provides statistics on several key indicators: first is the “total profit and loss,” which refers to the cumulative gains or losses and their proportion generated from all trades in the wallet. Next is the “unrealized profit,” which shows the market value change of currently unsold tokens, reflecting the holding status. The platform also tracks the average holding duration over 7 and 30 days, total purchase cost, and the average purchase cost of tokens.

GMGN also offers a “profit distribution” analysis function. This feature visually shows the distribution of different tokens’ price fluctuations and quantities within the wallet over a recent period. In other words, users can not only know their overall profit or loss but also clearly understand the cost structure and actual performance of each token held.

Core Highlights

High volatility, strong community attributes, and short-term trend-driven behavior characterize the meme coin market. Users’ trading actions often show traits of “quick entry and exit, trend-following, and high sensitivity to risk.” GMGN has designed its product to cater specifically to these meme trading habits.

Data Integration

The GMGN platform enhances the breadth and timeliness of market data by integrating data streams from multiple meme coin launch platforms. The platform is connected to well-known meme coin launch platforms such as PumpFun and Moonshot, capturing real-time information about new token launches, liquidity changes, and social media popularity. This information is efficiently gathered through distributed nodes, allowing GMGN to promptly reflect market changes and provide users with the most up-to-date market intelligence. Such high-efficiency data processing capability enables users to quickly seize investment opportunities in the rapidly changing meme coin market.

On-Chain Abnormal Behavior Detection

Beyond real-time market data, GMGN has also deeply optimized its on-chain abnormal behavior detection and multi-wallet correlation analysis. Through advanced clustering algorithms, the platform can detect coordinated operations among multiple wallets under the same IP address or device fingerprint, labeling them as “suspected front-running clusters” (front-running refers to taking advantage of insider information or positional convenience to profit in advance). This analytical approach effectively identifies and prevents market manipulation, protecting the interests of ordinary investors. Such manipulation frequently occurs in the meme coin market.

User Interaction

GMGN has introduced an innovative user interaction design, tailored to meme coin traders’ trading habits. The platform offers an intuitive and scenario-based interactive experience, from discovering trending coins (homepage rankings), checking smart money holdings (details page), to setting copy trading parameters (such as slippage — price difference caused by market fluctuations, stop-loss settings, etc.). The entire process is short and direct. This streamlined and smooth operation helps users make decisions quickly, fulfilling the demand for speed in meme trading. Investors often need to act in extremely short timeframes in the meme coin market, so efficient and intuitive platform design is particularly critical. The short and straightforward process design meets the fast-paced trading rhythm of meme coin users.

Distributed Nodes

Regarding infrastructure, GMGN has built an efficient and stable distributed node network. The distributed node architecture allows nodes to be located in different geographic regions, significantly enhancing the platform’s fault tolerance and stress resistance. The platform can process many trading requests in real-time, maintaining smooth operation even under high concurrency.

Particularly in terms of transaction speed, GMGN has optimized the data synchronization and processing mechanisms between nodes, allowing transactions to be recorded on-chain within one second. This feature is crucial for high-frequency trading in the meme coin market, where investors often need to make quick decisions and complete trades rapidly to secure profits. GMGN’s fast trading processing capability is extremely important for meme traders. Additionally, distributed nodes enhance the platform’s security and reliability. Even if individual nodes fail, others can continue providing services, ensuring continuous platform operation. This redundancy design ensures that GMGN remains stable in the face of network attacks, system failures, or other potential risks.

Transaction Pool Monitoring

The platform’s design takes into account market volatility and changes in liquidity pools when addressing slippage issues. Especially when a trading pool fails or goes down, GMGN automatically matches smaller pools to ensure transactions can continue, preventing interruptions caused by insufficient liquidity.

GMGN’s design minimizes high slippage caused by insufficient liquidity. Slippage often occurs during sharp market fluctuations when investors may not execute trades at their expected prices, resulting in increased trading costs or even losses. Through smooth curve design, GMGN makes price fluctuations more stable, effectively reducing slippage and ensuring that users do not suffer significant losses due to large price swings during trading.

Profit Model

GMGN’s business model is simple and straightforward, mainly earning revenue through transaction fees. For each trade, the platform charges a 1% fee. This model shows tremendous potential in a high-frequency trading environment. Especially in the meme coin market, where trading frequency is high and investors frequently buy and sell, this fee structure provides GMGN with a stable and considerable income source. As the platform’s user base continues to expand and trading volume keeps increasing, GMGN’s profitability is steadily improving.

In high-frequency trading scenarios, the large transaction volume creates significant protocol revenue. If users on the platform conduct many daily trades, GMGN can generate continuous cash flow through this model. Furthermore, the meme coin market’s high volatility and relatively high trading frequency among investors provide GMGN with a highly favorable environment for profitability.

Risk Warning

Dependence on the Meme Market and Bubble Risk

If GMGN becomes deeply tied to the meme coin sector (such as through token economic models, community operations, etc.), it should be cautious of over-relying on market sentiment rather than practical utility. The current meme coin sector exhibits significant speculative characteristics, with sharp price fluctuations easily influenced by social media hype, large-holder manipulation, and other irrational factors. For example, project teams or early holders may create short-term prosperity through concentrated sell-offs or false narratives, leading to price collapses without fundamental support. Global regulatory scrutiny of meme coins is tightening, and policy uncertainty may cause sudden liquidity crises.

Platform Security and Technical Architecture Risks

Although GMGN claims to use a multi-chain architecture and smart contract technology, as an emerging platform, it has not yet undergone a full market cycle test. Potential technical vulnerabilities (such as cross-chain bridge attacks or contract code flaws) or operational weaknesses (such as node stability and data synchronization delays) may threaten the security of user assets. If there are no public third-party audit reports or established bug bounty programs, the platform’s technical risk exposure is further increased. If the platform provides a built-in wallet service, attention should be paid to whether its private key management mechanism is user-controlled (non-custodial). If a centralized custody solution is used, asset freezing, server downtime, or even exit scams are risks.

Homogeneous User Structure and Regional Policy Volatility

Public data shows that GMGN’s community building and market promotion are heavily concentrated in Chinese-speaking regions (such as Chinese social media and cooperation with Chinese KOLs). This user concentration may lead to two major risks: First, regulatory policies regarding cryptocurrency in Chinese-speaking countries are highly uncertain (for example, China continues to crack down on trading and mining activities). If regional policies tighten, it could directly impact GMGN’s user base and liquidity. Second, excessive reliance on a single cultural community could limit its ability to craft a global narrative. In mainstream markets such as Europe and the United States, lack of brand recognition and compliance preparation may significantly lower the platform’s growth ceiling.

Conclusion

GMGN stands out in the rapidly changing crypto market with its unique technical architecture and innovative features. Integrating data streams from multiple meme coin launch platforms captures real-time information about token launches, liquidity changes, and social media heat, ensuring that users can quickly grasp market dynamics and make timely decisions. Its distributed node architecture and second-level on-chain execution capability enable fast and secure trading, meeting the demands of high-frequency trading scenarios. Excelling in this niche area has earned GMGN a significant position in the current meme wave.