Spying On Crypto Whales Activities To Predict a Market Dump - See how I do it.

I just learned about this concept of confidently spying on crypto whales activities. I have long since given up on technical analysis and trying to understand how it works. The crypto market moves in the direction that the large players and crypto whales desire. If you want to be a cryptocurrency hodler, that's okay; you can acquire some coins and hold them for a while, but occasionally, individuals prefer fast profits, which entails trading. Using this method, they may trade cryptocurrency either in the future or in the present. As long as they are profitable, it doesn't matter which way they go.

In the sense that most account activity can be viewed through the blockchain, the cryptocurrency sector has attempted to make most things transparent. You must learn how to take use of this opportunity, thus you must do it to your benefit.

The two most dependable websites for crypto information are CoinMarketCap and CoinGecko. Go to these sites, which provide a variety of information about coins, for all your cryptocurrency information. To prevent you from utilizing phony accounts, they display their website, links to their Telegram and Discord channels, and their Twitter profile. But more importantly, they offer the coins' contract addresses.

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CoinmarketCap

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Go to coinmarketcap.com and look for any token, particularly those developed on the Tron network. Nevertheless, you can use any coin; nevertheless, for now, let's stick with Tron. The scan platform or the explorer site will be reached if you copy the smart contract or, more precisely, if you click on the smart contract and then click the "check the arrow I indicated" button. Tronscan and Etherscam are the names for it in Tron and Ethereum, respectively. We are, however, concentrating on Troncan in this instance. Because WinkLink is a token based on Tron, I will be doing it.

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Tronscan

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Almost all the details you need to know about the token are available on TronScan. We must concentrate on the holders in TronScan; to see the holders, simply click on Token holders. The holders of WIN will be displayed, starting with the most and ending with the least. But keep in mind that the top holdings, or whales, are what we are concentrating on.

According to the data from Tronscan, exchanges and smart contracts are the biggest holders. The normal holders there look to hold more than only exchanges, therefore let's move on. So make a copy of the smart contract address and enter it on TronScan, the details of the address will be displayed, which includes the total amount of the token both in TRX and USD, the total resources (Bandwidth and Energy), the total number of transaction and below it you will see the history of transaction from the recent one which includes the time and the wallet details

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Etherscan

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Etherscan works similar to Tronscan, but Etherscan is for Ethereum-based tokens, you can track or check the holders account details, this is one of the unique features of the blockchain technology as it's open source and you can easily view the user or wallet with the highest holding, this will help you to know the whales and big investors.

So in this case I'll be looking at Shiba Inu (SHIBA) on CoinmarketCap, this is an ethereum-based token, just like we did with WIN, we click on the contract address and we'll be redirected to Etherscan, then click on Holders as shown in the screenshot below, the rank of the holders of SHIBA will be displayed, from the highest to the least.

Any of the address can be taken to the zapper, this is a unique platform that allows you monitor address, you can check the transaction details, balance and many more by pasting the address.

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Zapper

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Zapper is a unique platform that enables you to track your wallet and another person's wallet using the contract address of that person. By linking zapper to your wallet, you can manage your wallet and take action. However, you are unable to take any action despite being able to monitor the holder's activity and utilize the simulation to view what they have in their wallet.

I therefore choose the fourth-highest SHIBA holder's address, and I shall use this holder's address.

Visit [Zapper] (https://zapper.fi/), go to the search bar, paste the address there, and then click it as seen in the screenshot below.

It has over $386,486,045.71 SHIBA, which is a significant amount. Using zapper to monitor their activities, you can see that their total portfolio is worth $1,342,286,176.17. You can also view the history of their transactions, which includes all of the other holdings in their wallet.

This makes it simple for me to keep track of some whales' activities. For example, if I see someone sending a significant amount of their token to an exchange, I can easily determine whether or not they are about to dump a significant amount of it. If this is the case, I can use this minor information to exist or, if appropriate, make an entry.

Using this strategy, you may also keep tabs on the activities of whales or large investors to determine whether they are about to dump the market, which will help you decide what kind of trade to make.

_{Disclaimer It should be noted that this is only my personal notion and not financial advice or a theory to predict the crypto market. Predictions don't guarantee a result; they are merely assumptions}