#WalletActivityInsights

nanse wallet

The Fresh Wallet Dashboard reflects recently created wallets with high-volume activities. Sometimes market participants create new wallets to hide their transaction activity. Some rational reasons include privacy concerns. Fresh Wallets can also be interpreted as wallets created for specific transactions, such as receiving new funds.

So then, why are Fresh Wallets important? What can they tell you about the market?

From an on-chain data perspective, creating a wallet to receive funding can signal the degree of intent, often depending on transaction volume and frequency. One such example will be the tracking of Fresh Wallet as a strategy to analyze the recent unlocking of tokens (such as the example of ORBR in the later section).

The Fresh Wallet Dashboard was designed to summarize potentially valuable information on

Tokens

The dashboard tracks Token Flows into new wallets. This means market participants can easily identify Tokens being transacted by Fresh Wallets. Examples of Token inflows include buys/sells from decentralized exchanges, withdrawals from exchanges, or funds from other wallets. Simply put, users can track tokens from Wallet A to Wallet B if any wallets were picked up as newly created wallets. Our exchange filter was designed to surface such transactions. The analysis of the Token flows also considers Tornado Cash Withdrawals, Depositors, and Funders. For example, this may include Tokens sent from investor distribution to Fresh Wallets or newly created Fresh Wallets accumulating a specific Token.

Wallets

The dashboard brings to attention new addresses with high balances or those withsignificant inflows of funding. This feature is handy in identifying new Exchange wallets as Exchanges periodically change their cold wallets. In addition, some market participants may wish to track the latest movements of funds by the Fresh Wallet dashboard to gauge the incoming supply of Tokens onto Exchanges.