GMGN

GMGN, which brands itself GMGN.AI, is a trading platform for newly launched tokens, mostly memecoins. It started as an analytics site that labels wallets and tokens: who the early buyers were, which wallets look like insiders or snipers, which accounts it calls smart money, and whether a token contract has obvious red flags. On top of that data sit a web trading terminal at gmgn.ai and a set of Telegram bots that buy and sell on Solana, Ethereum, Base, BNB Chain and Tron.

GMGN's docs, contact page and bot list do not name a company, founders, address or jurisdiction. The website is behind a Cloudflare block that stopped us from opening its terms, so this page cannot say who you contract with. GMGN does not describe a token of its own in its documentation.

The platform is large by fee volume. DefiLlama tracks fee wallets on Solana and EVM chains and counted about $16.9 million of fees over the 30 days to 25 October 2026 and roughly $344 million since tracking began.

Most users log in to the website through Telegram. The first time you do, GMGN creates wallet addresses for you on Solana, on EVM chains (one address shared by Ethereum, Base and BNB Chain) and on Tron. You fund them and trade from the site or the bots. Logging in with Phantom is also possible; in that case GMGN creates a separate custodial account tied to your Phantom wallet. A third option is trading straight from a browser extension wallet, but the docs say the automation and anti-MEV features do not work that way.

Because GMGN holds the signing keys, it can run trades for you while you are offline. That is what the automation features depend on.

• Trenches, New Pair and Trending feeds for tokens on pump.fun and other launchpads.
• Copy trading of tracked wallets, and alerts when followed wallets trade.
• Auto-trading: buy on migration to a DEX, sell on migration, sell when the developer sells, take-profit, stop-loss and trailing orders.
• SnipeX and the X Tracker, which watch X posts for new contract addresses and can auto-buy.
• Contract checks for burned liquidity, honeypots, renounced ownership and mint authority.
• An Agent API for connecting AI agents, which signs trades with a key pair you register.

GMGN's fee page says it takes a 1% handling fee on each trade and nothing else; a 1 SOL trade pays 0.01 SOL to GMGN. On top of that you pay the network fee, any priority fee or tip you set, the DEX pool's own fee, and slippage, which on new tokens is often the largest cost. GMGN recommends slippage of 30% to 35% for automated orders and 50% or more for new tokens, which means a trade can fill far from the quoted price.

Launching a token through GMGN's Cooking feature carries no launch fee, according to the docs. Referrers receive a share of the fees paid by people they invite; DefiLlama estimates referral payouts at about 16% of GMGN's fees.

GMGN does. Its docs describe the Phantom login as creating a multi-chain custodial wallet account, and they state that private keys cannot be exported on any chain, including for wallets you import from elsewhere. The Agent API documentation calls the same design a hosted wallet architecture. In practice GMGN is a custodian of the balances you deposit, and we found no licence, audit or proof of reserves for that role.

Two more rules matter. Importing a new private key into an EVM bot replaces the old wallet address, and the docs say there is then no way to recover assets left in it. And because keys cannot be exported, if GMGN stops working the only way out is whatever withdrawal path it still offers. Keep only what you are actively trading there; our guide to seed phrase mistakes explains why self-held keys are the safer default for savings.

GMGN has added controls around its custody. Withdrawals require Google Authenticator two-factor authentication and go only to whitelisted addresses; after the first whitelist setup or any change there is a three-hour hold, and rebinding the authenticator triggers a 24-hour hold. The docs recommend turning off Google's cloud sync for the authenticator. GMGN runs a bug bounty that offers up to 1,000,000 USDT for flaws that could expose wallets, funds or private keys.

We found no GMGN entry in DefiLlama's hacks database as of 25 October 2026. That is not an audit, and GMGN has not published one.

• Custody risk: a breach of GMGN's systems, or a decision by its operator, could affect every hosted wallet.
• Account risk: a stolen Telegram account can give access to trading, which is why the 2FA and whitelist matter.
• Token risk: wallet labels such as insider or smart money are GMGN's own heuristics, and the docs say the data is not investment advice.
• Phishing: the safety page lists fake admin DMs, fake groups, ads placed above the bot and fake verification links as the common ways users lose funds.
• Legal risk: no named operator or readable terms means no clear route for a complaint.

Open gmgn.ai or the official bot @gmgnaibot, connect Telegram, and the wallets are created for you. Deposit SOL, ETH or BNB on the right network; the docs warn that the Telegram wallet cannot swap USDT or USDC into SOL or ETH directly, and give a separate procedure if you send stablecoins by mistake.

Withdrawals no longer work inside the Telegram bot. Go to the Deposit/Withdraw page on the website, bind Google Authenticator under Security, add a whitelisted address, wait out the three-hour hold, then send. Each wallet keeps a small minimum balance for rent and gas, so the Max button never empties it fully.

GMGN lists a 24/7 human support bot on Telegram, @GMGN_SupportBot, its official Telegram group and its X account @gmgnai. The docs repeat that admins never send the first direct message and never ask for private keys, and they suggest blocking strangers from adding you to Telegram groups. Security reports go to [email protected] or the HackenProof program. Bot names are easy to copy, so take bot links only from the docs page that lists them.

Traders often weigh GMGN against Axiom, a web terminal whose fee tiers run from 1% down to 0.75% and which shows users a recovery phrase they can import elsewhere. The two charge similar rates; the bigger difference is that GMGN does not let you take your key with you. Both can also be used alongside a self-custodial wallet such as Phantom. For how GMGN's costs and custody compare in our tool coverage, see our trading-tools rating card for GMGN.