Making crazy gains and losses is part of being in the crypto market. But, smart crypto enthusiasts have found some tools to increase their chances of success by a large margin.
And one such tool involves tracking and finding out what whales are buying. In this article, you will discover more about crypto whales. Let’s start defining them.
What are Crypto Whales?
Crypto whales are simply people who buy a certain cryptocurrency in large quantities. So we have Bitcoin whales, which means people who own large chunks of BTC. We also have ETH, ADA, and other whales. The concept applies to all cryptocurrencies.
🐳🦈 Sharks and whales are watching the $30k to $31k #Bitcoin price ranging, just like the rest of traders. And it appears that they are accumulating #stablecoins like $USDP & $DAI quite rapidly, which increases the probability of future big #crypto buys. https://t.co/IsW0xJFsd9 pic.twitter.com/wkrr0bDQGL
— Santiment (@santimentfeed) July 12, 2023
Some crypto wallets belonging to whales have seen remarkable success even in this bear market. Imagine you knew what these wallets were holding and what they were currently buying. That would increase your chances of success too.
How Do We Find a Whale’s Address?
Now, let’s show you a simple hack for finding a whale address. We’ll use a crypto wallet that recently saw a 5000% increase as our case study. In the case below, the $RFD token constitutes 99% of its portfolio. It holds 13,567,175,828 $RFD, which was valued at $1,327,042. This whale initially invested $16,300.
There are three platforms we’ll use to find this address:
1) DexScreener
DexScreener is an analytics tool that allows people to track real-time data from decentralized exchanges. Once you get to DexScreener, move to the section that allows you to track new pairs, gainers, losers, or any blockchain.
Search for tokens that have had huge price surges, including those that pumped 100% within the last 24 hours. Click on the token pairing of interest. Then copy the address.
2) Bubblemaps
Bubblemaps helps you track wallets and find the connection between them. Once you get a token address, Bubblemaps helps you get the data from any chain. Once you get to Bubblemaps, paste the address you copied from DexScreener.
You’ll see a list of wallets holding similar tokens to what you entered in DexScreener. Select a wallet with recent activity and huge holdings and copy it.
3) Zerion.
Zerion is our final tool today. Once there, paste the wallet address you copied from Bubblemaps. You’ll see core details of the whale’s holdings, including their transactions. Then you can track what they have been up to. These three tools can help you track addresses.
There are other tools that can help you identify whale holding. But these three are simple and straightforward.
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