Whalestats - The Website Used For Tracking Whales Activities On Different Blockchain

I have come across a few tools and websites during my exploration of the crypto world, and they have been helpful. Few days ago I made a post on how I've been spying on crypto whales to predict the market movement, in the post I stated how I don't really trust technical analysis because I believe the market can be anticipated far better by understanding how the whales respond and react? This is due to the fact that whale activity in the market frequently causes a noticeable change. So tracking the whales is one of the best methods to predict the market.

I came across a website called Whalestats, and I must say, it's incredible. Numerous things can be tracked using the website, particularly those that are connected to whale activity. There are benefits to tracking whales, particularly if you wish to be a short-term trader or investor rather than a long-term one. In this manner, you may predict when to purchase at a drop and sell at a top. When there is a significant buying activity on the asset transaction history as indicated by the whales' actions, you sell, and when there is a strong selling activity on particular assets, you purchase. Due of the lesser risk, I like spot trading. Please note that this is not intended to be financial advice, it's just my personal research and what I do personally.

Whalestats is a simple-to-use website that will assist you in tracking. The Ethereum, BNB Chain, Polygon, Fantom, and Avalanche blockchains are the first five that this website tracks. These are among the blockchains that are used the most frequently in the cryptocurrency world.

This webpage provides a variety of information about whale activities, starting with the following;

• The Whales Fear & Greed Index

• The Most Traded Tokens By Whales

• The Widely Held Tokens By Whales

• The Biggest Token By Dollar Value

The overview depends on the blockchain you select, for instance I selected the Ethereum blockchain and below is the details;

Another feature is Trade, where you may view trading activity to learn the rates at which these whales trade the tokens on the blockchain. This will display a list of the tokens on the blockchain you've chosen and display volume, amount, and other information about the tokens.

Another feature is Holding, where you can see which tokens on that blockchain are most commonly held, from the highest market cap to the lowest.

By using the website, you can also see the top whales, just click on Whales, listed according to their holdings, the total worth in USD and ETH will also be displayed. Furthermore, you can check NFT sales activity of those whales as well as their recent transactions, filter the time and token as well.

You just need to take in all the information, comprehend it, and use it to your advantage. There is a wealth of information available on the website.