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1. Fix the identity and observation time
Copy the full mint address into your notes before comparing websites or reading social posts. On Solana, a mint account identifies the token and records properties including supply, decimals and authorities. A name or ticker is not that identifier. Solana: token mint accounts.
Record when you opened the coin and when its displayed metrics were updated. If the chart, holder table and research were captured at different times, write that down. A conclusion based on a ten-minute-old ownership snapshot should not quietly become a claim about the token's current distribution.
2. Describe activity before judging it
Use the coin's recent buys, sells, volume and participants to describe what happened. Compare equivalent time windows: a five-minute volume figure and a one-hour figure do not answer the same question. Look beyond the largest candle and ask whether activity continued after the initial move.
For a hypothetical candidate, “volume increased while the number of observed traders stayed flat” is a useful observation. “Everyone is buying” goes beyond that evidence. Record both the observation and a question to investigate, such as whether a small set of addresses produced most of the turnover.
3. Read the holder table with its coverage
Inspect the largest positions, the creator's allocation and any linked-wallet information. BLIX can display data from a current snapshot or from observed trades; the source and completeness determine what the numbers support. A partial ledger can still be useful, but an unavailable early-buyer percentage is not zero.
Open the holder-distribution guide when several large addresses look connected. Keep a timing pattern, a transfer relationship and verified common ownership as separate claims. The first two can prompt investigation without proving the third.
4. Inspect an exit at the relevant size
A chart shows a price observation. A quote describes a proposed exchange for a particular amount. Jupiter's quote response distinguishes expected output, the minimum output after the chosen slippage tolerance, price impact and route. Jupiter: quote fields and slippage.
For analysis, record the input amount, quote time and whether an exit route was available. Do not present a small quote as proof that a much larger position could exit at the same effective price. If no usable route exists, keep that uncertainty visible beside the nominal position value.
5. Trace the story back to a source
Open the post, website or announcement behind the research summary. Check whether it names this mint and whether it predates the observed move. Distinguish the source's statement from the AI's interpretation. A project mentioning a public figure does not establish an affiliation with that person.
BLIX research may use different providers and evidence sets. Read the actual provider and source list when available. An eloquent explanation is easier to assess when it includes a falsifiable claim, such as a specific event date, rather than an untestable promise of momentum.
6. Leave a record someone else can check
| Record | Example entry |
|---|---|
| Identity and time | Full mint; observation timestamp; metric freshness. |
| Observed activity | Volume and participants over the same interval. |
| Ownership questions | Large positions, source coverage and unresolved wallet links. |
| Exit evidence | Quote amount and time, route availability and price impact. |
| Decision to revisit | The specific evidence that would change the assessment. |
When revisiting the record, preserve the original wording and add an update. That makes it possible to distinguish a useful early observation from an explanation written after the outcome. Keep unsuccessful and inconclusive candidates in the review rather than retaining only attractive charts.
Frequently asked questions
Can one safety score replace this process?
No. A score compresses assumptions and inputs. Inspect the underlying ownership, liquidity, freshness and source evidence.
Is this workflow different for pump.fun coins?
The same research questions apply, but note the trading stage: a bonding-curve token and a migrated pool have different execution contexts. See the bonding-curve guide.