#WalletActivityInsights How to Track Crypto Wallets

There are three steps to tracking a cryptocurrency wallet: Discovering the wallet, gathering detailed data on its on-chain transactions, and translating the data obtained from the first two steps into useful information. Through these, an investor can gain insights into 'smart' investors' movements and potentially predict market movements using clues from the actions taken by notable wallets.

Key to Carry

Tracking a cryptocurrency wallet involves closely following the transactions of the wallets and observing the significant transactions it has made over a period of time or that involve a specific asset.

Wallet tracking provides investors with information on asset movement based on tracking the transactions of major holders, which can be used to speculate on market movements.

Wallet tracking can be done using blockchain explorers or special applications to detect or stalk the selected wallet.

Dedicated wallet trackers are designed to provide clearer information on the movements made by the wallet and notify the investor.