The crypto market is notorious for being heavily volatile due to the activities of several big players popularly known as whales. Winning in such a volatile market is sometimes as simple as tracking the wallet activity of these whales.
KingData, a leading blockchain data service, offers users the opportunity to track wallet addresses of whales. It’s an edge in a crypto market dictated by moneybags. On KingData, you can track over 900+ whale addresses across 20 public chains and 547 protocols.
How It Works
To take advantage of this wallet tracking service by KingData, you need to sign-up on the website. You have to be a member to use the whale tracking service.
Once you have created your account on the KingData site, proceed to select ‘Whale Tracker’ from amongst the many services available on the platform.
On accessing the Whale Tracker tab, two areas become visible:
- Address alerts
- Whale Addresses
If you are looking to track activities of multiple whale wallet addresses, then this is the place to start. The transactions of different wallet addresses can be tracked based on specific criteria. The page also allows you to tweak what sort of activities you’d like to track.
This is where you get to see what other users of the platform are tracking. The ‘Hot’ section is the pool of possible metrics for tracking popular whale wallet addresses. You can follow some of these addresses, so you can stay on top of their transactions without returning to the heavily loaded Hot section.
Filter by Trading Value
Tracking every whale address can be stressful and confusing. Fortunately, the KingData website lets you filter by trading value. Through this filter, you can track addresses based on a trading value above $10,000, $100,000 and $1,000,000. Selecting any of these filters narrows down the wallet addresses since most of their trading activities might not have such volume. Of course, you can also decide to stick to not using the filter by leaving it on the ‘All’ option..
You should use the filter by trading value if the goal is to stay in the loop of volume being traded by whale addresses. It’s a handy choice that provides clarity on what whale wallets are buying or getting rid of.
Filter by Transaction Type
You can also opt to track whale Addresses based on the type of transactions executed by the wallet address.
The transaction types considered here include:
Transfer – Selecting this option means only transfers done by whale wallet addresses are tracked. That means if the wallet address does anything else aside from sending assets to another wallet address, that transaction won’t be tracked.
Liquidity – you can also specifically track whale addresses that add liquidity to any pool on decentralized exchanges. Choosing this option allows you to stay informed on the big liquidity providers at the price time they do it.
Approve – some transactions conducted by certain wallet addresses are merely approvals. Smart contract transactions often require approving the transaction before it goes through. You can isolate this transaction type when you select this option.
Trade – you can track trades of whale wallet addresses from here. Selecting ‘trade’ as the transaction type ensures only trades of these big players are visible.
Lending – If you are interested in following the lending activities of whale wallets, selecting the lending option ensures you can see what these addresses are lending on protocols covered by KingData’s analytics.
On KingData, you can narrow down your tracking of whale wallet activities by specifying the token type. Use the search bar to type in the token, and you should get a host of wallet addresses that have transacted that token. This can be combined with any of the other filters to further narrow down the search.
For instance, you can select the trade option from the transaction type filter plus the trading value.
On narrowing your search to the activities desired, you can proceed to learn more about the transactions conducted by these wallet addresses. Find and click the view option. This takes you to the portfolio of the wallet addresses involved. Here you can see what the wallet address holds, the protocols in use by the address.
If you have a specific wallet address on your radar, this is the place for you. Once here, enter the address in the search bar. You should see the wallet address in the search result.
This section also lists whale wallet addresses based on asset balance, recently active, and rate of return. Depending on what you seek, this can be narrowed down based on these options.
Tracking whale addresses is now easier with KingData. The website allows users to fine-tune searches using certain filters. Hopefully, this tutorial proves helpful in getting you acquainted with this powerful analytical tool.
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🔹 Website: https://kingdata.com
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