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Wallet Tracking 101 Guide

2023-05-19 11:09

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Original author: hoeem

Translated by: Kxp, BlockBeats

Wallet tracking is a profound art in the cryptocurrency industry. Once you know how to find the right wallets, you can make big profits. Today, let me teach you how to find these wallets - below is the "Wallet Hunting 101 Guide", which will help you easily hunt for wealth.

You can find the wallet you want to follow through the following methods:

· Seeking whales with investment vision
· Using blockchain explorer

· Use Bubblemaps· Using Token Analyzooor on Dune

1. Use CoinGecko

Our goal is not just to find a wallet, but to find the right wallet for investing in tokens with outstanding performance. To achieve this, we can take the following steps:

· Go to CoinGecko

· Click on the highest increase

· Filter time range

· Take note of the tokens that interest you.· Record the blockchain they are on.· Record the Token address.· Record the date when the Token price was low

Now you have an excellent list of tokens, which is important because we want to find wallets that invest in these assets.

Personally, I will ignore wallets that invest in Meme coins because they are more likely to be gamblers. These people may lose a lot of money in the future due to their irrational decisions in the investment process.

2. Use a blockchain browser

Now that you have taken note of the Token you want to research, you can now proceed to the browser where the Token is located:

· Go to the corresponding blockchain explorer

· Enter Token Address

· Filter large transactions

· Download CSV list to search for specific dates.

· Click on the address for large transactions.

· Avoid selecting contract addresses.

· Take note of the addresses that you are interested in that have a purchase record during the low point of the token price.

· Filter by holder

· Record the address of the whale

According to this method, you can collect some potentially useful wallet addresses.

3. Use Bubblemaps

· Go to Bubblemaps

· Enter Token Address

· Filter the time period that interests you.· Check the holders who rank high during this time period.

· Avoid selecting addresses that only have presale tokens.

This is a very fast method to find holders with a large number of tokens. The platform's visual aids can help you avoid addresses that only have a large number of tokens because they participated in pre-sales.

4. Use Token Analyzooor

Fortunately, we can use the excellent Dune dashboard designed by Mochi:

· Go to Dune

· Search Token Analyzooor

Click on the Token on the chain.· Enter Token Address

· Enter the number of days you want to see when someone made a purchase· Now you can see the highest holder.· View Profit Address

· Click on the address that interests you, ignore the contract address, and take note of the other addresses.

Now, you have more addresses to buy tokens at a lower price, and an intelligent wallet.

5. Select the wallet you want to investigate

Now, you have a list of wallets that you are interested in, all of which have purchased a well-performing token. So what should we do next?

Before, we could only rely on luck, so now we need:

· Enter your wallet address in DeBank, Arkham, or Zerion.· Screening transactions· Search for purchase and sale records of Tokens

· Check if there are successful profitable trading records

· If so, then you have found a wallet worth continued attention.

Summary:

You can use any of the above methods to identify wallets that you may be interested in, use a wallet scanner to filter these wallets, see if they have good transaction records, and record them.