#WalletActivityInsights Monitoring the activity of large wallets, known as “whales,” is considered an essential practice for understanding and anticipating market movements. These wallets, due to their large size and transaction volume, can exert a significant influence on digital asset prices.

When whales make large transactions, either buying or selling large amounts of cryptocurrencies, they can trigger significant price fluctuations. On-chain analysis is presented as a valuable tool for detecting these movements before they have a widespread impact on the market. By analyzing blockchain data, investors can gain insights into whales’ actions and anticipate potential price changes.