How did I find the whale address that earned 50 times in 3 days?

Discover the next 100x coin by standing on the shoulders of whales.

By Dami-Defi

Translated by little bear

In the cryptocurrency market, whale investors have more resources and information, and their investment behavior often has a significant impact on the market. Therefore, it is vital for investors to understand how to find and track whales who invest in tokens that perform well. This article will introduce how to find whale investors, understand and track their investment strategies and behaviors.

I recently discovered this wallet, which was worth $25,000 on May 20th, and three days later it was worth $1,300,000!

What coins did they buy, and how did they increase 5,000% in just a few days?

The wallet’s largest holding is $RFD, which accounts for 99% of its investment portfolio. It holds 13,567,175,828 RFD tokens (valued at $1,327,042), which were initially purchased for $0.00000084 per token, at a total cost of $16,300. They are now worth $1,327,042, resulting in a profit of $1,314,572.

How did I find this whale wallet that earned 50 times in 3 days?

How to find whale wallets? 1. Use CoinGecko

We only want wallets that invested in tokens that performed well:

  • Go to the CoinGecko website

  • Click on the highest-yielding token

  • Select the time range

  • Select the token you’re interested in

  • Note which chain they are on

  • Record the token address

  • Record the date with the lowest token price

Now that we have some tokens that have performed well, let’s find the wallets that invested in them.

For individual investors, it is recommended to ignore wallets that hold a large amount of meme coins, as the holders of these wallets tend to be more inclined towards gambling-style investment behavior. They may repeat such investment decisions in the future but are unlikely to achieve good returns.

2. Use a blockchain explorer

  • Go to the relevant blockchain explorer

  • Enter the token address

  • Filter out addresses with large transactions

  • Download a CSV list to find a specific date

  • Click on the address with large transactions

  • Avoid the contract addresses

  • Take note of the address purchased on a lower price date

  • You can also filter by holder

  • Take note of the whale’s address

By doing this, we can also compile some wallet addresses that may be useful.

3. Use a bubble chart

  • Go to bubble chart website @bubblemaps

  • Enter the token address

  • Select the period of interest

  • Check out the top holders for that period

  • Filter out presale addresses

This is a very fast way to visually find some top holders of the token while also filtering out addresses that may hold a large amount of tokens due to presale.

4. Use Dune Analytics

The dashboard created by Mochi (@defi_mochi) is very powerful.

  • Search for “Token Analyzooor”

  • Select the chain you are on

  • Enter the token address

  • Enter how many days ago you want to see someone buy

  • Now you can see the holder with the highest profit

  • Click on the address of interest, ignore contract addresses, and take note of other addresses

Now you can get more addresses to buy tokens at a lower price.

5. Wallet filtering

Now that we have a list of wallets that have purchased well-performing tokens, we need to further filter them:

  • Enter the wallet address into the DeBank (@DeBankDeFi), Arkham (@ArkhamIntel), or Zerion (@zerion) website

  • Filter transactions

  • Look for token purchases and sales

  • Check if there is a record of profit

  • If so, this is a wallet worth paying attention to

Filter wallets with profits

We now have a specific list of interested whales.

Now we need to find whales with large profits.

We will use a dashboard.

Enter “Wallet purchase visualizer” on Dune (@DuneAnalytics).

This dashboard was created by Mochi (@defi_mochi) and is free for anyone to use.

  • Input query details: query date, query wallet (up to three wallets can be queried), chain where tokens are located (currently only supports Arbitrum and Ethereum);

  • Analyze details: Now you can see the wallet’s purchase history in the past X days; check the time of purchase of the token, check the address and price of the token;

  • Quick comparison

Now you can quickly compare using CoinGecko.

Go to CoinGecko, search for any token address, and compare the price with the purchase price.

  • Create a list

Delete wallets that do not meet your standards and keep a list of wallets that meet your requirements.

  • Use robots to monitor wallets

Monitoring tools include:

  • Cielo

  • Maestro Bot

  • Etherdrops tracking bot

Whenever any smart wallet monitored by you makes a transaction, alerts will be sent to you.

By understanding the investment strategies of whale investors, we can better predict market trends and find the most promising tokens. Of course, there are still risks in investing, and we should always remain rational and cautious and manage risks well.

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