Our client shared a case of how he was able to profit by using our service – mass wallet analysis
On August 4, noticing increased trading volumes on the Aave token, I searched for wallets that withdrew large volumes of assets from the CEX exchange Coinbase. The found addresses from the blockchain were analyzed through ArbitrageScanner, and I discovered that they withdrew tokens worth $3M. To monitor their further actions, I placed them in mass wallet analysis. By the 5th, two of the found addresses additionally withdrew assets from exchanges for another $3.2M. This was a signal for me to buy. As a result, I bought at the local bottom and earned +60% or took +$30K in net profit!
During the analysis of Aave's price on August 4, I saw increased volumes on the chart:
I decided to make sure there were interested parties in the token's growth who were withdrawing assets for cold storage.
TIP:
Increased volumes mean the asset has become interesting to many traders or investors, including whales.
The red color on the volume chart does not necessarily mean that all operations on that day were sales. There could have been a large number of purchases against a price drop.
If there were more sales than purchases in a day, even if the difference is just one transaction, the volume bar on the chart will turn red. But this does not mean that there were only sales that day—there were just slightly more sales than purchases.