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Krypto Whale Wallet Tracking – Free Alert And Analysis

Crypto whale trackers are tools that allow users to see transactions made by whales and use that information to inform their own trading decisions.

An individual with significant cryptocurrency holdings is referred to as a “whale” in the crypto world. These users’ actions can have a big influence on the price of cryptocurrencies because they own a lot of digital assets.Users can view transactions done by whales using cryptocurrency whale trackers, and they can utilize this information to guide their own trading decisions.

Other traders take notice of wallets holding substantial amounts of cryptocurrency tokens. As they come and go, these “whale” wallets create waves and frequently turn a nice profit from their trades. You may monitor these whales’ movements and assess their holdings for potential opportunities by using a cryptocurrency whale tracker.

We examine the leading tools and apps in this guide to help you locate the best cryptocurrency whale tracker. Depending on how you trade and which blockchains you utilize, some are a better fit than others because each thrives in a different way. Which cryptocurrency whale activity observer best suits your trading approach? Let’s explore the options and make comparisons.

What is a Crypto Whale Tracker?

Table of Contents

While the crypto whale definition varies by context, they have one thing in common: crypto whales can move markets, either collectively or individually.

You may use a cryptocurrency whale tracker to locate the movements of these whales and even schedule transactions around them. Crypto whale wallet trackers remove many hours of laborious, prone to error, manual tracking by analyzing publicly available blockchain data.

There are several variations of these tools. Some just send out basic notifications when bigger cryptocurrency transfers happen between wallets or across exchanges. Others offer in-depth examinations of token holders, clusters (i.e., the possibility of a user’s portfolio of cryptocurrency assets being divided among multiple wallets), and wallet holdings.

For instance, a crypto whale may be preparing to sell their coins if they are transferring a big quantity of coins to a cryptocurrency exchange. On the other hand, significant withdrawals from cryptocurrency exchanges can indicate that whales are transferring their holdings to cold storage for extended periods of time.

Crypto whale trackers can also be used to determine which tokens and currencies the largest investors are purchasing. This can provide you with important information about which cryptocurrencies have high growth potential.

LIST OF THE BEST WHALE TRACKING TOOLS:

  1. ArbitrageScanner – In-depth on-chain analysis of whale movements
  2. Arkham Intelligence – Blockchain intelligence platform with a wealth of data
  3. Whale Alert – A multi-blockchain whale tracker tool
  4. DeBank – One of the best DeFi portfolio trackers
  5. Cryptocurrency Alerting – Alerts service for on-chain activity
  6. Dex Check – A comprehensive overview of blockchain and whale activity
  7. Etherscan – Detailed data on Ethereum transactions and accounts
  8. Whalemap – Handy charts for tracking crypto whale activity

See what crypto whales are buying

The best 8 crypto whale tracker tools are highlighted in the parts that follow. These tools will assist you in keeping track of the largest cryptocurrency transactions and providing you with useful insights into the activities of crypto whales regarding their tokens and coins.

1. ArbitrageScanner – In-depth on-chain analysis of whale movements

arbitragescanner-wallet-analysis

ArbitrageScanner is best known as one of the top arbitrage scanners in the industry.

Nevertheless, a number of new features have recently been added to the platform, which makes it very simple to follow and examine the trading strategies of some of the most successful traders. The Wallet Analysis section contains the elements designed to investigate whale activities. There are a number of helpful features available, such as wallet filters, wallet analysis, and an AI-powered search function that locates wallets that are comparable.

All of the historical information for each address, including as the overall trade volume, profit and loss amounts, and more, is available under wallet analysis. When you discover a profitable address with a high volume of trades, you can conclude that it is, indeed, owned by a whale. Note that the tool may only be used with Ethereum, Polygon, Arbitrum, Base, and Optimism at this time.

The primary methods by which users of the service find wallets and generate revenue are through filter-based wallet searches and AI-powered wallet searches, which are unique tools in the globe.For instance, you can sort by revenue or ROI, look for wallets of possible insiders, and filter for any coin that increased 400% yesterday to locate wallets that purchased it beforehand.

Consider this additional scenario: you own the addresses to two public person’s wallets. To obtain the addresses of their other wallets, enter them into the AI similar wallets search. Similar wallets that employ the same techniques for earning money can also be found.

ArbitrageScanner reports that one of their customers recently made $15,000 by employing AI to look for wallets that are comparable to those holding PEPE and BONK tokens. The client discovered a wallet that was actively trading PEPE among the lucrative wallets that ArbitrageScanner recommended. Next, they looked for wallets that were identical to one another and performed a mass analysis to look for a pattern. As it turned out, every wallet was an insider wallet; it interacted with new smart contracts and took part in the initial rounds of initial coin offerings. The client began following them and mimicking the insiders’ movements. They boosted their investment five times with CSWAP, HASHAI, and BONK coins in around two months.

You can find a link to the case study here, as well as more examples from clients of the service in the blog or on the ArbitrageScanner YouTube channel.

These days, ArbitrageScanner is regarded as one of the greatest services available because of its functionality. The benefit of using ArbitrageScanner is that, upon subscribing to the service (which is $69 if you use our link), you will receive free training in which all the features and opportunities of arbitrage will be demonstrated in detail using actual cases. With these cases as models, you can begin arbitraging in a novel manner. In addition, you get access to a private chat room with one of the more active crypto communities, where participants share their working strategies, cases, and market insights.

Key features:

  • Supports Base, Optimism, Polygon, Ethereum, and Arbitrum networks.
  • While wallet tools are free, a service subscription is required to access further in-depth research.
  • Able to evaluate any blockchain address and show transaction history, total earnings, and other information.
  • Enables users to look up whale addresses based on traded tokens, ROI, and minimal profit.
  • The AI search tool can be used to find comparable addresses and store addresses for later use.
  • Supports the tool version available on Telegram
Rating (Out of 5) 4.0
Cost $60 monthly (Test)
$199 monthly (Business)
$399 monthly (Platinum)
$799 monthly (Enterprise)
$1,199 (Guru)
Best Feature Token-based P&L reporting by wallet address.
Supported Chains Ethereum, Polygon, Optimism, Arbitrum, Base
Platform Web app, Telegram App, Reddit

2. Arkham Intelligence – Blockchain intelligence platform with a wealth of data

Arkham Intelligence

Arkham Intelligence is a blockchain intelligence platform that supports a wide range of networks, including Bitcoin, Ethereum, BNB Chain, TRON, and several others. The easiest way to characterize Arkham Intelligence’s functioning is as a hybrid of a cryptocurrency whale tracker and a blockchain explorer.

Arkham Intelligence is especially beneficial if you want to track specific crypto whales. For instance, Arkham Intelligence is typically your best bet if you’re looking to find out who owns a specific blockchain address because the platform is very good at tagging addresses that belong to well-known figures in the industry as well as organizations like cryptocurrency exchanges, DAOs, and project treasuries.

The platform is powered by the native ARKM token, which is utilized for governance and in the decentralized marketplace of ARKM Intel Exchange.

Users can provide important information about possible scammers on the marketplace, and in exchange, they can earn ARKM tokens for their efforts. Additionally, a part called “bounty” enables compromised protocols to place a reward on hackers and other bad actors.

You may view the on-chain portfolio, profit and loss record, cryptocurrency exchange usage, and all blockchain transactions done by wallets designated as belonging to a specific crypto whale. If you care about what’s going on in the blockchain, Arkham Intelligence should unquestionably be a part of your crypto trading toolset because of the extraordinary amount of information that the platform offers for free.

Key features:

  • Arkham Intelligence supports networks like Bitcoin, Ethereum, and BNB Chain
  • Combines blockchain explorer and crypto whale tracking functionalities
  • Excels in identifying blockchain addresses of prominent crypto individuals
  • Offers extensive free information, essential for informed crypto trading
Rating (Out of 5) 4.4
Cost Free (limited alerts)
Best Feature Free customizable alerts
Supported Chains 13 networks, including Bitcoin, Ethereum, and Tron
Platform Web app

3. Whale Alert – A multi-blockchain whale tracker tool

Whale Alert

Whale Alert is a blockchain tracker that scans activity on a variety of blockchain platforms and generates alerts when large or particularly interesting transactions happen.

You need to subscribe to Whale Alert on a monthly basis if you want to get data directly from the API. The most accessible tier is the “Developer” tier, which costs $49 per month. Institutions and businesses can also purchase packages from Whale Alert, but they are much more costly.

However, the good thing is that you can also benefit from Whale Alert for free. This is because the service runs a Twitter account where they post alerts for the most interesting transactions across various blockchains like BitcoinEthereumXRPPolygon, and others.

It’s worthwhile to follow Whale Alert to receive free updates on the actions of cryptocurrency whales. Examining the Twitter comments under each transaction that is highlighted can also provide some insight, but you have to be careful to distinguish fact from conjecture.

Key features:

  • Scans multiple blockchains for large or notable transactions
  • A monthly subscription is needed for direct access to Whale Alert’s API
  • The “Developer” tier subscription is priced at $49 per month
  • Provides free transaction alerts through its X (formerly Twitter) account
Rating (Out of 5) 4.0
Cost $29.95 monthly (alerts)
$699 monthly (API data)
$1299 annually (Historical API data)
Best Feature API integration for live data
Supported Chains Major chains
Platform API, X feed

4. DeBank – One of the best DeFi portfolio trackers

DeBank

DeBank is a web3 service that provides a DeFi portfolio tracker.

DeBank is a really handy application that lets you to track the activities and on-chain portfolios of addresses you find interesting. “Smart money” addresses are those that frequently execute profitable trades and investments; DeBank is among the easiest platforms to monitor their activity.

Numerous use cases are supported by DeBank, including blockchain-based portfolio tracking for individual cryptocurrency holdings. However, because of its simplified user interface, it’s particularly effective as a cryptocurrency whale tracker. Any user’s cryptocurrency asset portfolio, NFT collection, and transaction history are all visible with DeBank.

Key features:

  • A DeFi portfolio tracker for monitoring on-chain activities
  • Ideal for tracking “smart money” addresses known for profitable trades
  • Supports personal crypto portfolio tracking on the blockchain
  • Provides insights into users’ crypto assets, NFTs, and transaction history
Rating (Out of 5) 4.1
Cost Free ($96 to mint web3 ID)
Best Feature Social Feed, Broad EVM chain support
Supported Chains EVM Chains
Platform Web app, iOS, Android

5. Cryptocurrency Alerting – Alerts service for on-chain whale activity

Cryptocurrency Alerting

Cryptocurrency Alerting is a service that allows users to set up alerts that trigger based on blockchain activity.

With the platform, you may, for instance, configure an email or push notification alert to go out whenever a certain address transacts on the blockchain.

Numerous notification formats are supported by the Cryptocurrency Alerting platform, such as emails, webhooks, push and browser alerts, Slack, Discord, and Telegram messages. Alerts that are set up to be triggered by transactions, balance changes, ETH gas prices, mining difficulty of Bitcoin, whale activity, and other factors can be set up.

When you know exactly what you want to track on the blockchain and have very specific requirements, cryptocurrency alerting might be helpful. However, other platforms are definitely a better option if what you’re looking for is a more comprehensive perspective of what’s going on on-chain.

Key features:

  • Blockchain activity-based alerts for users (alerts for transactions, balance changes, gas prices, and whale activity)
  • Various notification types like email, push, and messaging apps
  • Ideal for specific tracking needs on the blockchain
  • Other platforms may be better for a broader overview of on-chain activities
Rating (Out of 5) 4.0
Cost Free (Hobby)
$3.99 monthly (Trader)
$19.99 monthly (Pro)
Best Feature Comprehensive investment market alerts
Supported Chains Eight networks, including Bitcoin, Ethereum, and Base
Platform Web app

6. DexCheck – A comprehensive overview of blockchain and whale activity

DexCheck

DexCheck is a platform that provides a comprehensive overview of the activity of decentralized cryptocurrency exchanges and crypto transactions on blockchains.

DexCheck also provides a crypto whale tracker where you can see the transactions made on decentralized exchanges by whales on various blockchains. This also includes the coins crypto whales most frequently buy and sell.

In addition, DexCheck also allows users to follow the most successful traders on decentralized exchanges in terms of realized and unrealized profits. This can be a good tool to find addresses that are worth tracking.

While you can get a lot of value out of DexCheck for free, some of the platform’s features are only available to “Pro” members. It’s possible to unlock these features by holding the platform’s DCK token.

Key features:

  • Features a crypto whale tracker for monitoring whale transactions
  • Shows most bought and sold coins by crypto whales on various blockchains
  • Enables following successful traders based on profits on decentralized exchanges
  • Some features are exclusive to “Pro” members holding DCK token
Rating (Out of 5) 4.3
Cost Burn or Stake DCK tokens for premium access:

  • Burn $150 / stake 20k DCK (Expert)
  • Burn $750 / stake 100k DCK (Oracle)
Best Feature Live buys and sells for whale wallets
Supported Chains 22 supported chains, including Ethereum, BNB, Polygon, Avalanche, and Solana
Platform Web app, Telegram bots

7. Etherscan – Detailed data on Ethereum transactions and accounts

Etherscan

Most people who have been following cryptocurrencies for any length of time have heard about Etherscan. An Ethereum block explorer called Etherscan offers incredibly comprehensive details about every transaction and address on the Ethereum blockchain.

Etherscan is possibly not as user-friendly as some of the other platforms we have highlighted in this post because of the enormous volume of information it offers. However, Etherscan is perhaps the best tool available if you want to go deeply into the Ethereum network.

Although Etherscan isn’t designed to be a crypto whale tracker, it may certainly do so if you know what to look for. For example, you can use Etherscan to closely evaluate addresses you find using the other tools we’ve described.

Etherscan is the best option if you’re looking for an Ethereum explorer. However, each of the major blockchains usually has a solid selection of high-quality blockchain explorers. If you’re a Solana user, for example, make sure to check out our list of the best Solana explorers.

Key features:

  • A detailed block explorer covering all Ethereum transactions
  • Offers extensive data, making it less user-friendly but highly informative
  • Can function as a crypto whale tracker with the right usage
  • For other blockchains like Solana, there are specific high-quality explorers

8. Whalemap – Handy charts for tracking crypto whale activity

Whalemap crypto whale tracker

Whalemap is a platform that provides charts with information about whale activity for Bitcoin and selected ERC-20 tokens.

Use alternative systems, like Arkham insights, if you wish to track an individual crypto whale, while Whalemap is mostly focused on big-picture insights.

Users may simply monitor indicators like unusually big transactions, huge wallet inflows, and on-chain transaction volumes on Whalemap. Additionally, the software offers indicators like address waves and HODL waves that are comparatively unique.

For individuals who like to base their cryptocurrency trading decisions on on-chain data rather than just price action, Whalemap is an excellent resource. For instance, it may be an indication of an impending sell-off in the Bitcoin market if Bitcoin investors who have been holding onto their coins for a long time start to move them.

Although Whalemap has a paid tier as well, users without a premium subscription can still access a significant amount of data on the platform.

Key features:

  • Charts of whale activity for Bitcoin and some ERC-20 tokens
  • Big-picture analytics rather than tracking specific crypto whales
  • Tracks large wallet inflows, transaction volumes, and large transactions
  • Provides significant data for free, with additional features for paid users

How to Use a Crypto Whale Tracker

So, how are whales tracked? Steps are frequently the same on different platforms. You must first locate a whale to track. Certain platforms do this function automatically, albeit occasionally with less informative data. You may receive a list of whale activity, large wallets, and significant transactions, for instance. To locate possible chances, you’ll also need to be able to delve deeply into their other holdings.

Let’s examine how to use Arkham Intelligence to track a whale. Go to Arkham Intelligence and click the Launch Platform icon to launch the app.

1) Focus on Transactions for a Specific Cryptocurrency

Let’s say we want to target ETH whales to start. ETH whales likely hold several other tokens and likely some NFTs as well. In this example, we’re interested in the other tokens to see if there are other opportunities.

Use the search bar to find ETH transactions. You can also use this search to find other tokens or wallet addresses.

arkham whale tracker search

2) Filter by Transaction Amount

The initial list shows all recent transactions. We need large whale-worthy transactions.

Set the VALUE to 5 ETH or a similar high number to eliminate smaller transactions.

arkham transaction over 5 eth

3) Identify a Crypto Whale

Examine the filtered list to find a likely whale. In the example below, we found a wallet that withdrew 280 ETH from Aave, a leading decentralized lending protocol.

aave crypto whale

Open the link for the receiving wallet in a new tab.

In the new tab, we can see our crypto whale has more than $9 million in crypto in this wallet.

arkham crypto whale detail

Further down, Arkham also lists recent transactions, with additional tabs to filter by swaps, inflows, and outflows. The last of these options may point to other wallets owned by the same whale. Swaps may uncover some leads on hot tokens. This wallet has been buying WTAO.

crypto whale swaps

Arkham also offers a chart for WTAO, as well as a transaction list that you can filter for large transactions to identify additional whales. You can also “visualize” the token to find patterns and clusters, which may indicate multiple wallets owned by the same entity.

WTAO chart

4) Set an Alert

You may want to name the wallet. If so, tap on Edit Entity. Next, let’s set an alert.

Choose Create Alert near the top of the page. Because we started from a wallet overview page, the alert automatically defaults to just the target wallet.

Set your alert details. For example, you might want to limit your alert to large transactions or a specific token. When the criteria are met, you’ll get an alert. Arkham supports email, Slack, and Telegram notifications.

arkham create alert

You’ve set your first alert. You can also add other alerts for additional wallets that look interesting. Have fun, but be careful. In a later section, we’ll discuss why you may not want to follow every whale you find.

Advantages of Using Crypto Whale Trackers

A crypto whale tracker simplifies the process of tracking whales. Blockchain explorers contain all the same information but leave the detective work up to the user. For example, every Ethereum transaction is detailed on etherscan.io. Similarly, blockchain.com chronicles all the transactions on the Bitcoin blockchain. However, finding whale transactions using these tools can be challenging.

Crypto whale trackers analyze the data and create results you can filter according to your needs. Make data-based decisions rather than guessing. Get instant alerts based on your settings. With frequent use, you’ll also see patterns you can use in your future trades. Whale trackers offer a way to learn and hone your instincts in addition to providing actionable insights.

Data-Backed Decision-Making

According to one oft-cited and sobering study, 97% of traders lose money. The study measured performance over 300 days of trading. This high failure rate number suggests a series of ill-chosen trades, perhaps worsened by unfortunate market timing. In simple terms, traders often guess rather than make trading decisions based on hard data.

Crypto whale tracker apps and in-depth market analysis tools remove the guesswork from decision-making. Instead, you can see where the money flow is moving and identify shifts in sentiment. Whale-watching can even help you find the next big thing much earlier, securing an entry before the broad market comes in droves.

Real-Time Alerts

The crypto market can change on a dime. Time is money in many trades, and real-time alerts can help ensure timely entries and exits that maximize gains and reduce risk. Nearly every whale watcher app provides whale alerts for crypto markets.

Learning Opportunities

You don’t have to trade to learn from whale wallets. Consider setting up a spreadsheet to track “paper trades.” Use the whale wallets you identify to enter hypothetical trades on the spreadsheet and check your performance over time. This process lets you learn the easy way without losing money. Over time, you’ll discover which information is helpful and how to find it quickly.

Drawbacks of Using Crypto Whale Trackers

We’ve all seen a dog chase a squirrel. The squirrel is usually a bit more agile and a few steps ahead, but what happens when the dog sees a second squirrel moving in another direction? Chances are good that all the squirrels will get away. Crypto whale trackers can provide too much information, not unlike having more than one squirrel to chase.

In addition to information overload, the data can sometimes be difficult to interpret, possibly leading to costly trading mistakes. In the worst-case scenario, whales may be setting a trap, knowing the transactions of larger wallets garner plenty of attention.

Potential for Misleading Information and Traps

Successful scammers often have large crypto wallets. We once tracked $10 and $20 contributions to marketing wallets for small meme coin CTOs (community takeovers) to a whale wallet with over $170 million in assets that was receiving ETH all day long. This scam, and likely several others, was happening at an industrial scale. Should you follow this whale wallet? Probably not.

Scammers and groups that run honeypot scams also often have large wallets. A honeypot token uses code to whitelist specific wallet addresses and automatically blacklist others. Blacklisted wallets may not be able to sell the token. Following a whitelisted whale wallet into a honeypot means they can buy and sell while you can only buy. In the end, you’ll have worthless tokens after the whitelisted wallets drain all the value from the token (or the liquidity pool is pulled).

In the example below, currently trending at number one on Dexscreener, Honeypot.is flagged the token as a honeypot token. Buyers may not be able to sell. However, the whitelisted wallets or the wallets they ultimately send funds to are likely whale wallets.

luna honeypot

Whales may also own additional wallets, masking how much of the supply they own. For example, if you follow a whale into a trade and they buy 0.5% of the supply, that may seem like a minimal risk if they sell. However, it’s possible that they have more than one wallet and hold a much more substantial position.

Data Interpretation Difficulty

Spend some time learning the platform you choose. Many trackers offer granular detail with no explanation of what it all means. Experience will help, as will examining the profit an loss for target wallets. Is this wallet owner a trading genius, or do they just have a lot of money? It’s an important question to answer before you choose to follow their moves.

Movements from Wallet A to Wallet B might be meaningless. Learn how to filter the results to be more relevant to the way you trade. If needed, make some paper trades first to learn which data is useful before you commit real money to following whales.

Information Overload

Remember the dog chasing squirrels? That can easily happen with crypto whale trackers. We found ourselves with 20+ open tabs and pages of notes. You can’t catch all the squirrels. Find a a few to focus on first and examine their profit and loss to narrow the list.

When Should You Use Crypto Whale Alerts?

Although crypto whale trackers come with some usability challenges, they also bring opportunities. You can use whale trackers to find new tokens before they reach the masses and discover new protocols before they reach wider adoption. Let’s look at some situations where whale alerts and trackers can be useful.

  • Find New Tokens. Making money in crypto is often a matter of building a position early. You can use a whale tracker to identify potential opportunities in tokens that haven’t yet become popular but in which whales are taking positions.
  • Discover New Protocols. Many people who invested in Curve in 2020 now enjoy a stable yield on a token that has increased exponentially in value. Curve now boasts more than $2.4 billion in total locked value (TVL). Whale trackers can reveal similar opportunities.
  • Plan Exchange Trades. At the beginning of every big selloff, whale wallets move funds to exchanges. They may buy back later at a lower cost. When your whale alerts start pinging, it may be wise to consider a trade that protects your investment. Whale withdrawing crypto from exchanges may signal an upward turn in the market.
  • Follow Whale Trades. Once you identify wallets that have a profitable trading history, you can follow their moves. Be prepared for an occasional loss. However, you have prior data that suggests the odds are in your favor.
  • Backtesting Analysis. Many whale trackers provide a profit and loss analysis for a given period. You can look back and see which trades worked and which didn’t, gleaning clues you can use in your own strategies.

Crypto whales tracker FAQs

Here are some of the most common questions users have on the topic of crypto whale trackers.

How to track crypto whale wallets?

You can track crypto whale wallets using tools like Whale Alert, DeBank, Zerion, Dex Check, and others. Of course, block explorers like Etherscan can also function as crypto whale trackers.

How to see what crypto whales are buying?

You can see what crypto whales are buying by using tools like Whale Alert, Dex Check, and Etherscan to identify crypto whales. Then, you can add their addresses to platforms such as DeBank or Zerion to easily track their on-chain portfolios and transactions.

How much crypto is a whale?

While there isn’t a specific threshold that universally defines a whale, it often depends on the particular cryptocurrency and its market capitalization. In general, a cryptocurrency whale could be someone who holds a large percentage of the total supply of a particular cryptocurrency, often millions or even billions of dollars worth.

What is the best free crypto whale tracker?

Arkham Intelligence offers the most tool in a free app. However, you can also consider free trackers like Debank, a platform that lets you examine holding and follow the social feed for whale wallet holders.

What are crypto whale alerts?

Crypto whale alerts are notifications that let you know when large transactions occur. For example, you can set an alert for Bitcoin transactions over $100,000 or customize an alert based on a specific token or wallet address.

Should you copy the trades that whales make?

Following whales can be profitable but you should research a wallet’s transaction history carefully before following their movements. Crypto whales aren’t always great traders and in some cases may be setting a trap.

What is the most advanced crypto whale tracker?

Nansen.ai has earned a reputation for being the most advanced whale tracker and has become particularly popular for NFT traders. Other full featured trackers include Arkham Intelligence.

Is it worth using crypto wallet trackers?

Yes. With free options like Arkham Intelligence and Debank available, you can experiment with crypto wallet trackers at no cost. If you need addtional features, paid option like Nansen.ai offer expanded functionality.

The bottom line: Tracking crypto whales can give you an edge in the market

Cryptocurrency whales can have a major influence on the crypto markets, especially when it comes to smaller cryptocurrencies where just a few investors can have enough funds to impact the market meaningfully. Understanding how to use crypto whale trackers can give you an edge over traders and investors who are not paying close attention to on-chain activity.

By analyzing on-chain activity, you can find new cryptocurrencies and meme coins early and potentially enjoy substantial profits. Of course, it will take time for you to build up the experience required to separate the signal from the noise—not all cryptocurrency transactions made by whales are actually impactful.

For example, a cryptocurrency exchange could simply be moving funds between its own wallets, or a whale could simply be moving their funds from a hot wallet to cold storage.

Conclusion

Crypto whale trackers offer powerful tools to help you stay ahead of the market. You can use alerts to get an early warning if whales are moving crypto to exchanges, signaling a potential selloff. You can also use trackers to find new tokens and protocols. However, you’ll want to exercise caution in using these tools because data can be overwhelming. In the worst-case scenario, the whales’ movements may even be bait for a trap. Invest some time in observing and making paper trades before you invest real money based on the movements of whale wallets. With time and experience, you’ll learn to filter the signal from the noise and start using these tools more effectively.

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