Whale watching can help you find the next 50x gems.
But no one shares how to find the wallets that are worth tracking.
Here's a step-by-step guide to curating your own list of smart money wallets π
(for free)
But no one shares how to find the wallets that are worth tracking.
Here's a step-by-step guide to curating your own list of smart money wallets π
(for free)
There are many paid services that are doing this on your behalf.
But their prices make them inaccessible to most people.
But in this thread, I'll show you how to curate your list without spending a penny using:
β’ @ArkhamIntel
β’ @DeBankDeFi
But their prices make them inaccessible to most people.
But in this thread, I'll show you how to curate your list without spending a penny using:
β’ @ArkhamIntel
β’ @DeBankDeFi
Let's start by looking for a token that exploded in price recently.
As you can see in the chart below, the $LDO token had seen a huge price increase from the end of 2022 to Jan. 24.
Using Arkham, we can find the whales that accumulated it before it took off.
As you can see in the chart below, the $LDO token had seen a huge price increase from the end of 2022 to Jan. 24.
Using Arkham, we can find the whales that accumulated it before it took off.
Here's how:
β’ Go to the main page of the Arkham platform.
β’ On the right side, you'll see a list of wallets along with their transactions.
β’ Click on the three dashes on the left of the 'token' word.
β’ Go to the main page of the Arkham platform.
β’ On the right side, you'll see a list of wallets along with their transactions.
β’ Click on the three dashes on the left of the 'token' word.
β’ Search the name of a token that you're interested in (in our case, $LDO)
β’ Click on the three dashes on the left of the 'time' word and select the time period right before that token took off
(in our case, $LDO started exploding in price on January 1st)
β’ Click on the three dashes on the left of the 'time' word and select the time period right before that token took off
(in our case, $LDO started exploding in price on January 1st)
β’ the last step is to click on the 'value' word in order to sort transactions by value
Now you can see a list of whales that bought $LDO right before it started trending up.
Now you can see a list of whales that bought $LDO right before it started trending up.
At this point, you need to scroll through transactions and identify the wallets that don't belong to exchanges.
One additional trick is to click on the three dashes on the left of the 'from' word and search for 'cex'.
One additional trick is to click on the three dashes on the left of the 'from' word and search for 'cex'.
Once you select 'cex', Arkham will show you only the withdrawals of that token from the top CEXs.
A whale withdrawing a certain token from an exchange usually indicates that the whale plans to hold it for a longer amount of time.
A whale withdrawing a certain token from an exchange usually indicates that the whale plans to hold it for a longer amount of time.
After you've completed the steps above, look for wallets that aren't labeled with a human-readable name.
A wallet that caught my eye from the list of filtred transactions is this one:
0x4322FD98F95A219D2Aae2bBa6664e3574b4C3708
A wallet that caught my eye from the list of filtred transactions is this one:
0x4322FD98F95A219D2Aae2bBa6664e3574b4C3708
If you click on it, Arkham will show you the latest activity of that wallet as well as its holdings on the Ethereum blockchain.
On the right side, you can filter its transactions in the same way as I've shown you earlier.
On the right side, you can filter its transactions in the same way as I've shown you earlier.
If you sort transactions by $LIDO token, you'll see that whale sold its $LIDO stack at the end of January, after a 2x increase in price.
So what's next?
Now I suggest you check other past transactions of that whale and see if it's consistently making profitable trades.
So what's next?
Now I suggest you check other past transactions of that whale and see if it's consistently making profitable trades.
If the answer is yes, then you can add that wallet to your watchlist.
If you would like to be notified when that whale is buying / selling a token, you can go to 'Alerts' and create an alert.
You can customize alerts to get notified of only certain transactions.
If you would like to be notified when that whale is buying / selling a token, you can go to 'Alerts' and create an alert.
You can customize alerts to get notified of only certain transactions.
Arkham is currently in private beta.
But you can use the referral link of a user to get to the top of the waitlist for platform access.
Here's mine:
platform.arkhamintelligence.com
Full disclosure: I have no partnership with the Arkham team. I just find their platform very helpful.
But you can use the referral link of a user to get to the top of the waitlist for platform access.
Here's mine:
platform.arkhamintelligence.com
Full disclosure: I have no partnership with the Arkham team. I just find their platform very helpful.
And now let's move on to @DeBankDeFi.
Arkham supports a small number of chains, but it will add support to many other networks in the near future.
Debank supports dozens of chains, and by using it you can see the top holdings of a certain wallet across multiple networks.
Arkham supports a small number of chains, but it will add support to many other networks in the near future.
Debank supports dozens of chains, and by using it you can see the top holdings of a certain wallet across multiple networks.
If we search the address of the wallet that we discovered earlier, we can see that this whale is a $MAGIC top holder.
This guy/girl has been accumulating $MAGIC since December 2022, as we can see by clicking on 'History'.
Fun fact: $MAGIC did a 4x since 2023 started.
This guy/girl has been accumulating $MAGIC since December 2022, as we can see by clicking on 'History'.
Fun fact: $MAGIC did a 4x since 2023 started.
That's it!
Whale watching can be incredibly useful to find new gems, but only if you're monitoring the right wallets.
If you liked this thread, you can help me by retweeting the 1st tweet.
Follow me for more content like this.
Whale watching can be incredibly useful to find new gems, but only if you're monitoring the right wallets.
If you liked this thread, you can help me by retweeting the 1st tweet.
Follow me for more content like this.
Arkham referral link (the previous one doesn't work): platform.arkhamintelligence.com
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