More from @Cov_duk

pingthread.com/thread/1547140883635548161

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: https://www.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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@DeBankDeFi Let’s use Etherscan

Go to https://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.

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Go to the holders section.

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@DeBankDeFi 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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@DeBankDeFi Your goal is to find wallets who got in big positions early.

You can filter through based size of holdings

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@DeBankDeFi 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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@DeBankDeFi 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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@DeBankDeFi 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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@DeBankDeFi This trade caught my interest.

This account bought 60k $LYNK tokens 4 days after launch.

I wanted to investigate more.

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@DeBankDeFi 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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@DeBankDeFi 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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@DeBankDeFi 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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@DeBankDeFi 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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@DeBankDeFi 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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@DeBankDeFi Use these methods to find wallets.

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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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@DeBankDeFi NFT wallet tracking.

You can do the exact same for NFTs.

Go to https://etherscan.io/nfttracker or search up your NFT. Search through transactions

& holders.

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@DeBankDeFi 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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@DeBankDeFi 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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Give this a RT!

Couple of updates/Clarifications

- we're primary relying on Debanks social proof w this method. It isn't the best for finding
rare whales but it's straightforward

- instead of going on Debank, you can search through their transactions in etherscan. Its
a lot more dirty

- there are a lot of other ways to track wallets, some easier. The good thing about this tho
is that's straightforward and helps you get comfortable with digging through etherscan

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I explained this in more detail in the video
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