Privacy is an important feature of the crypto world, yet tracking the movement of crypto has grown to be a valuable source of strategies.

Crucial for Traders

     Whales move their funds back and forth between wallets and exchanges all the time. Moving funds to an exchange boosts market liquidity while moving funds to a wallet reduces it. By tracking this, traders can use it as a tool for value prediction. Also the traders know about the exchanges the whales use for deposit, and large withdrawals.

Vital for Hodlers

     The activities of old and dormant addresses and the movements of developers give an edge to the market by providing reasonable means for Hodlers to analyse their assets. Following the work of more experienced hodlers or developers of the token helps the crypto community create beneficial strategies for the asset.

Essential to prevent hacking

     In the crypto world, hackers pose a greater threat than government regulators. By tracking the stolen funds, they are prevented from being spent at the associated address or transformed into untraceable assets like Monro. As a result, the hackers find the pilfered funds as a problem instead of being useful due to trace.