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How to make money by tracking wallets
Our client shared a case on how they were able to earn money using our products: wallet analysis and my collections!
The user has been working with our service for a long time, which allowed them to build a solid list of addresses they actively monitor. One of the found wallets made a good profit on the meme coin APX. By tracking the address's further activity, the subscriber noticed purchases in White token. After analyzing the coin: its social media, markets, etc., the user repeated the purchase following the trader. Soon, after positive news, the coin grew, bringing +490% or $1170 in net profit to the subscriber.
How to find insiders in cryptocurrency
The subscriber studied the APX coin chart, where signs of manipulation were visible:
To find traders who profited from the coin, they used wallet search by filters. As a result, an address followed by the user was found:
Check the wallet yourself – here
After a detailed analysis, it became clear that this is a mid-term holder who doesn't sell coins immediately after their impulse but waits for a more significant increase to take more profit.
TIP:
Check the metrics listed in the Wallet Analysis section:
You can gather information such as:
- Trading activity chart by day;
- Trade volumes;
- Wallet information, including spending amount, transaction count, hold time, etc.
For example, the found wallet shows an average hold time of 1300 hours or 54 days:
Which confirms the thesis that this is a mid-term trader.
How to analyze wallets
For the coin APX, the wallet has an 88% Winrate. Furthermore, it traded the coin without selling the entire emission, which is currently bringing him around $1000 in profit:
Wallet trading statistics for the APX coin:
TIP:
To analyze a coin from the wallet portfolio, simply go to the coin's page.
You can do this by clicking on the altcoin ticker from the transaction history or portfolio:
Separate token page – this is where you’ll find activity information related to the specific coin only.
The separate token page includes: trading statistics, price chart, a brief coin description with verified links, and the entire transaction history of the found wallet with the coin.
What Smart Money buys
After adding the wallet to personal collections, the subscriber noticed new purchases by the trader by reviewing the transaction history:
TIP:
My collections – this is your personal checklist that helps you store wallets you find conveniently.
The intuitive interface and the ability to add comments to each wallet make working with your notes easier and more convenient.
To create a personal collection, use this section.
We recommend watching the detailed video about this section before you create your collections.
Where the address exchanged part of the profit from the APX coin to the White coin, which earned him +$600:
Check the transaction history for White yourself – here
TIP:
When analyzing transactions for a specific coin, always check the source of its arrival.
This is important for understanding where the assets came from.
In this example, the wallet owner bought the assets, not received them, for example, in an airdrop.
Later, on February 4th, the wallet strengthened its position by buying more coins:
The subscriber paid attention to this and conducted further research on the coin, including analysis of:
- Industry – RWA project, a recent trend with successful cases for coins like RIO, ONDO, etc.;
- Social activity – growing Twitter with 30K followers, some of them influencers;
- Markets – the coin is only traded on DEX
NOTE: be sure to check the projects (DYOR) before purchasing to assess growth potential and avoid unforeseen risks.
So, combining all factors, the user bought the coin, following the wallet, expecting White's growth.
How much can be earned by tracking wallets
The bet on White's token growth paid off. Soon, the team announced a listing on the Bingx exchange, which acted as a growth catalyst:
The subscriber took advantage of the great movement, earning +490% or $1170 in net profit:
Meanwhile, the wallet earned over $5500 on this news, selling part of its position:
After the correction, the wallet owner re-entered the position and earned an additional $2000. The subscriber didn’t manage to follow the trader on this move.
The wallet’s activity on White, including purchases and sales, for the last month is shown on the chart below:
Also, here’s its financial trading statistics with the coin:
Thus, we presented the subscriber's strategy, including wallet search, transaction analysis, and coin growth prediction based on its potential assessment.
Adopt this strategy and share your results with us.
NOTE: please consider the risks and approach trading and investments responsibly.
Also, check out our previous case: How to profit from AI tokens in cryptocurrency
Beyond the charts!
On-chain analytics gives you the real picture of the market: capital flows, wallet activity, and key trends.
