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Tracking Wallet and simple degen tools

2 August,2023

TRACKING WALLET

Tracking a crypto wallet is the process of following the transactions that have been made from a specific wallet address. This can be done using a blockchain explorer, which is a website that allows you to view the public ledger of a blockchain. There are a number of reasons why someone might want to track a crypto wallet. For example, an investor might want to track the transactions of a large wallet to see if it is being used by a whale, or a law enforcement agency might want to track a wallet that is suspected of being involved in criminal activity. they are various degen tools to be familiar with. some which are :

  • Zerion

    Eben used the omnichain (layerzero) to do some bridge some usdc from optimism mainet to an L2 mainnet. But he forgot which L2 he bridged to, he couldn't figure it out. he went throught his metamask but he doesnot have usdc contract address of any L2 and hasn't added usdc to any L2 chain in his wallet. I introduce him to Zerion, he took his metamask seed phrase and imported into Zerion. there the optimism usdc was , staring at him. zerion supports eth L2(optimism,arbitrum), avalanche,binance smart chain,fantom. zerion also has an alert feature to tell whenever a particular address buy/sell a token. zerion is also a secure and well known wallet. to get started with zerion visit https://zerion.io/

  • Debank

    d38df5a9ed7013e80ea3f72e39b made $56m in the last hours. tried to use explorer to look at his holding but couldn't understand the interface properly(looked old model). Heard some folks talking about on chain analytic earlier on a space on twitter and one of them mention debank. i opened up google and went on debank. i could see clearly how this whale moved funds around on all chains. what shitcoin he degened in and what platform he traded and what token currently holds. i could also see what liquidity pool he's into. this was a great incite and an alpha. https://debank.com/

  • Arkham

    Arkham is now fully accessible, it is a portfolio tracking similar to Zerion. The difference is that it can be used to track institutional entities like VCs, CEXs, investing funds, and others. you could also track your wallet/whales on the platform. It's a great tool to analyze on-chain data and track other wallets. https://platform.arkhamintelligence.com/

  • Nansen

    Nansen, a tool similar to Arkham just launched their waitlist for Nansen 2 Click here: https://nansen.ai/early-access/?ref=PiIqOo

    Wallet Profile
    Wallet Profile for Tokens. ☩ Utilising this tool, you can perform a quick analysis of the wallet you're tracking, ☩ Providing insights into Tokens, Counterparties, NFTs, and DEXs. ☩ My main focus is on Tokens and Counterparties.Wallet Profile for Tokens ☩ The second tool provides a more detailed picture. ☩ It can be used to get detailed information about a wallet and a specific token. ☩ I always check the largest Transactions with tokens. Master Phase🥷

    Token God Mode

    This tool will provide us with detailed information about a specific token ! Key areas of focus: Token Distribution Smart Money

    https://pro.nansen.ai/

I will end this section by warning you about tracking whales wallet.

  1. They get rugged a lot If you have never been rugged, scammed or lost money in crypto, you probably haven’t tried hard enough . When it comes to whales, they get rugged a lot thats why they have a 7-9 figures portfolio- Big risk takers
  2. When a rug happens, be sure that some whales just lost over 7 figures. When tracking whales wallets, you have to question their judgement When you see them investing into a project that looks shady, you should trust your gut & not invest because they can afford to get rugged
  3. Rapid Change in their strategies Whales have a very active portfolio, hence the rapid changes. If you go through their transactions most especially the smart ones, you will see they do transactions every hour- there’s always something to do.
  4. ts either harvesting yield, shuffling LP positions, aping into new projects, bridging between chains, sending to exchanges or swapping to stables. This is necessary because the market itself changes rapidly especially during times like this. Looks overwhelming yeah?
  5. Fake Transactions There are a lot of accounts that post about tracking whale wallets in this space. However, most people don’t know how to spot a real transaction from a fake one.