Tracking the right wallets can make you rich.
Etherscan is a great way to do this for FREE.
Here's how you find & track wallets in 5 minutes 🧵
I have a step by step video demo on my youtube.
Here it is: youtube.com/watch?v=zHkVYjduBGo&t=509s
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Investors & whales have more information & leverage than you do.
You can make a lot of money by following them. We're diving into:
• Using Etherscan for wallet tracking & watching
• Using
@DeBankDeFi
• NFT wallet tracking
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Let’s use Etherscan
Go to etherscan.io/tokens. You’ll see all the ERC tokens here.
This is the page for $HEX. There’s a bunch of useful info here for research.
Go to the holders section.
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This tells you a lot:
• If the tokens are concentrated, it could be a bad sign, because if they sell price will tank.
• If a large % of tokens are sitting in exchanges, could mean that holders are only there for the short term
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Your goal is to find wallets who got in big positions early.
You can filter through based size of holdings
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You can also look through the transfer history to do this.
Sort by Last.
You essentially want to look through the first few weeks & look for accounts that made big plays early.
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You can do this for ANY token.
Just go to CoinGecko and search up the token.
Here’s a random token that I found. When I found this, $LYNK up 26%.
Grab the contract address.
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Search it up in the relevant block explorer and you can start your wallet hunt.
Let’s use LYNK to demonstrate wallet finding & tracking.
I sorted by oldest transaction and went from there.
The goal was to find an address that took a big position early on
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This trade caught my interest.
This account bought 60k $LYNK tokens 4 days after launch.
I wanted to investigate more.
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You can copy their address & paste in the block explorer.
It will pull up their transaction history, their account balance & what they’ve invested in.
This is their Erc20 transfer history.
Looks like they’re used to buying large portions of unknown coins.
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I want to know if they’ve a history of success to determine if they’re worth watching.
This is the hardest part.
You can look through their Etherscan data to get some insight.
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Analyzing successful wallets is a great way to learn.
You can gauge how they allocate, what they look for & how they ape.
It’s a great way to become a better investor.
For more organized analytics, use @DeBankDeFi. It gives you a breakdown of their holdings.
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Examining their profile, it's not what I am looking for.
No problem, let’s repeat the steps until we find someone.
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I repeated the steps above and found a new address.
Turns out it’s pretty good. This account is the #757 ranked account on DeBank.
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Use these methods to find wallets.
Once you find an account you want to keep track of, you can follow them on Debank & periodically look through their transactions on a block explorer.
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NFT wallet tracking.
You can do the exact same for NFTs.
Go to etherscan.io/nfttracker or search up your NFT. Search through transactions & holders.
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You can look through their NFTs & portfolio on DeBank
With that, you have a solid approach for finding & tracking wallets.
This can be replicated across chains using different block explorers.
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Be VERY careful.
Scammers use these tools as well.
They airdrop NFTs & tokens to top wallets in order to deceive people like us.
Wallet tracking is just one part of your research process.
Couple it with proper due diligence.
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I hope this guide on wallet tracking was useful!
• Give this a RT
• Follow me
@Cov_duk for more
• Subscribe to my Youtube for guides, demos & interviews!
youtube.com/channel/UCk43im8I5y_noyb08D5w4OA
