Gmgn is a wallet-tracking terminal for memecoin traders

Gmgn is a memecoin terminal - a dashboard for speculative tokens - with wallet tracking, meaning it follows public blockchain addresses and their trades. It brings discovery feeds, price charts, holder analysis, wallet profit-and-loss data, manual swaps, and copy-trading rules into one interface. The core terminal covers Solana, BNB Smart Chain, Base, and Ethereum, while feature availability differs by chain. Its main appeal is the short path from on-chain observation to execution, with a published 1% service fee on each trade.

Small orders absorb the same execution extras

Small Gmgn orders carry a disproportionate burden because priority fees, relay tips, network fees, and token-account deposits aren't percentage-based.

A 1% service fee scales with order size, while several Solana components don't. The terminal's manual settings start at 0.0001 SOL for a priority fee and 0.0001 SOL for a tip. Solana also charges 5,000 lamports per signature; 1 SOL equals 1,000,000,000 lamports, making a one-signature base fee 0.000005 SOL. If the wallet lacks an account for the purchased SPL Token, the transaction may create one and reserve storage funds alongside the trade. A second token doesn't reuse the first token's account, so repeated experiments can lock several separate deposits until those empty accounts close.

For a standard 165-byte SPL Token account, the rent-exempt balance is 2,039,280 lamports, or 0.00203928 SOL. It isn't a trading fee: closing an empty account returns that balance to a chosen Solana address. Token-2022 extensions can require a larger account and therefore a different rent-exempt balance. Price impact adds another layer because a thin Raydium or Orca pool delivers less output as the order consumes its reserves.

The workable order size begins where these fixed costs stay minor relative to the position and its expected price movement.

What does the 1% trading fee cover?

The 1% Gmgn fee pays for the terminal's execution service; network charges, relay tips, pool fees, and price impact remain separate.

Gmgn charges a 1% handling fee for each executed trade, assessed on the traded amount. A buy and a later sale count as two trades, so the service fee applies at both steps to each step's notional amount. Network validators receive base and priority fees, Jito-connected relays receive tips when selected, and the liquidity venue accounts for pool-level swap charges. Slippage isn't a bill paid to one party; it is the maximum adverse quote movement the order permits before failing.

Worked example: all changing inputs below are hypothetical - 0.50 SOL order size, 0.001 SOL priority fee, 0.001 SOL relay tip, one signature, and 2% route impact. The Gmgn fee is 0.005 SOL, and Solana's base signature fee is 0.000005 SOL. Before price impact, the total economic cost is 0.007005 SOL, or 1.401% of the order. A 2% output shortfall adds 0.010 SOL of economic cost, bringing the concrete result to 0.017005 SOL, or 3.401%.

Wallet tracking turns public addresses into trading context

Wallet tracking in Gmgn groups an address's buys, sells, holdings, and profit-and-loss history so traders can examine behavior alongside individual token calls.

On Solana, the tracked identity is a 32-byte public key represented in base58; on Ethereum, Base, and BNB Smart Chain, an EVM account uses a 20-byte address. Its familiar display has 40 hexadecimal characters plus the two-character 0x prefix, making 42 characters altogether. The terminal attaches notes and behavioral labels, then presents positions, realized results, holding periods, and recent activity around that address. Following a wallet creates a reusable feed. It doesn't prove the owner, strategy, or intent behind each transfer, and transfers can look different from swaps, as documented in Gmgn understanding comparison use cases.

That distinction matters for copied addresses. A deposit, internal transfer, or liquidity movement doesn't automatically represent a market view, while a swap routed through Jupiter or an automated market maker records a clearer exchange between assets. Wallet history supplies evidence; strategy selection requires an interpretation of that evidence.

Copy trading repeats actions, not outcomes

Copy trading in Gmgn watches a selected address and submits your own buy or sell when enabled rules match the observed on-chain action.

The app's wallet copy-trading workflow names two supported networks: Solana and BNB Smart Chain. The configuration chooses a funding wallet, fixed amount or ratio sizing, additional-buy limits, exit behavior, token filters, slippage, priority fees, tips, and private submission. This rule set determines whether a target action becomes your transaction.

• A fixed buy sends the same configured amount per qualifying event.
• A ratio mode scales size from the target's order, subject to a cap.
• An additional-buy value of 0 blocks position increases while the token remains held.
• Copy-sell, take-profit, and stop-loss rules act on the remaining copied position.
• Filters restrict platforms, liquidity, holder counts, token age, and contract addresses.

Timing separates action matching from outcome matching. The target's trade already changed pool reserves before the copy reaches Raydium, Orca, or another venue, so your quote starts from a later state. A manual slippage ceiling rejects output below its minimum; automatic slippage estimates a tolerance from the route. The copy strategy also supports a token blacklist of up to 20 contract addresses. Those controls reduce unwanted entries, yet every copied order receives its own route, execution price, fee stack, and confirmation.

The useful benchmark is rule fidelity: compare the transaction created with the size, filters, and exit logic you actually configured.

Discovery feeds combine token activity with holder structure

Next to that, Gmgn discovery feeds combine new-pair activity, wallet labels, holder concentration, and liquidity context before a token reaches the trade ticket. On Solana, the interface surfaces Pump markets, Moonshot listings, and Raydium pools, alongside the first 70 buyers and the top 10 holders. Its concentration check treats top-10 ownership below 30% of supply as a favorable signal. Mint authority, freeze authority, liquidity status, and creator holdings describe separate mechanisms; read each as a distinct input tied to the underlying address and pool data.

A practical route from watchlist to first trade

A first Gmgn session starts with a chain-and-address check because the contract address identifies the asset more precisely than its ticker.

Select Solana, Ethereum, Base, or BNB Smart Chain, then paste the token contract and inspect the pool, holders, and recent transactions. Phantom provides a familiar Solana connection; OKX Wallet and Trust Wallet cover multi-chain workflows. The network must also hold its native fee asset: SOL on Solana, ETH on Ethereum and Base, and BNB on BNB Smart Chain. Ethereum Mainnet uses chain ID 1, Base Mainnet uses 8453, and BNB Smart Chain Mainnet uses 56, so the wallet prompt provides a precise network check.

Set the order amount, slippage, priority or gas preferences, and any private-submission option before signing. After submission, read the resulting position in the wallet and compare transaction details in Solscan, Etherscan, BaseScan, or BscScan. A future exit needs its own route and fee budget. On Solana, keep enough SOL outside the position for the sell transaction and any account operations the route requires.

How does a Gmgn swap reach the blockchain?

A Gmgn swap becomes a signed on-chain transaction after the terminal requests a route, applies the slippage limit, and submits it through an RPC service.

On Solana, the route returns instructions interacting with SPL Token or Token-2022 accounts and one or more liquidity programs. The wallet signs the compiled transaction; an RPC node or Jito-connected path forwards it to the network. Solana's base fee is 5,000 lamports per signature, with an optional prioritization fee calculated from the compute-unit price and limit. A transaction has a 1,232-byte maximum and a ceiling of 1,400,000 compute units, so routers must fit every swap instruction and account reference inside those limits.

Ethereum, Base, and BNB Smart Chain use EVM transactions for ERC-20 swaps. The 20-byte sender address signs data specifying the destination contract, amount, chain, and gas limits. One gwei equals 1,000,000,000 wei, while 1 ETH equals 1,000,000,000,000,000,000 wei. Ethereum and BNB Smart Chain charge from effective gas price and gas used; Base adds the rollup's L1 data component. Chain IDs 1, 8453, and 56 distinguish Ethereum, Base, and BNB Smart Chain. The transaction receipt then exposes token transfers and status independently of the terminal interface.

Jupiter, Raydium, Axiom, and DEX Screener set the alternatives

The integrated Gmgn workflow fits traders who want wallet intelligence and execution together, while established alternatives separate routing, direct liquidity, active trading, and charting.

Jupiter is a Solana swap aggregator, so its core decision is route quality across available liquidity sources. Raydium gives direct access to Solana automated market maker pools and its launch ecosystem. Axiom combines a Solana-centered trading terminal with wallet tracking and order execution, making it the closest workflow substitute in this group. DEX Screener emphasizes cross-chain pair discovery, live charts, and transaction feeds, serving research before execution elsewhere. Each changes the number of layers between market data and the signed transaction, which affects fee visibility, automation, and how much context remains on one screen.

The deciding trade-off is integration. Gmgn packages watchlists, labeled wallet histories, token discovery, manual swaps, and supported-chain copy rules behind one trading interface, at the cost of its 1% service layer and extra execution settings. Direct Jupiter or Raydium use narrows the stack; DEX Screener keeps research separate; Axiom retains a terminal-style workflow. Choose the arrangement matching the task repeated most: address analysis, routing, pool access, or rapid order management.

Questions people ask about Gmgn