Generally, after a major trending meme appears, we need to identify and mark these types of wallets:
1. Internal/ Sniper Wallets: This is what we are focusing on today, wallets that set up in advance and wait to make big profits.
2. Pumping Wallets: Responsible for raising coin prices and making the market lively.
3. Offloading Wallets: Selling at high prices, converting coins into money.
4. Receiving Wallets: These are wallets that take over coins sold by offloading wallets, sometimes they are being taken advantage of, and other times they have their own calculations.
5. Accumulation Wallets: Quietly collecting chips at low prices.
6. Arbitrage Wallets: Utilizing various price differences to gain profits.
Take this morning's extremely popular $jellyjelly as an example, early sniper wallets generally have these characteristics 👇
1. Transaction Time: By sorting transaction times in reverse order, you'll find that their entry times are particularly early, essentially seizing the opportunity.
2. Purchase Amount: The purchase amount is usually greater than 1000u, and the profit multiples or absolute values are extremely high, like those in the picture that frequently show 1M+ profits, which is very enviable.
3. Number of Transactions: A higher number of transactions, generally more than 50. They will offload in batches at key price points instead of dumping everything at once, which helps avoid causing significant volatility.
4. Related Operations: If the purchase amounts are similar, it is very likely that these two addresses are operating in tandem, potentially behind the scenes by the same team or major players.
5. Sell-off Addresses: When you check the transaction history and find addresses that have sold off, there's no need to mark them, as they are not very valuable for our reference.
What are the benefits of doing this?
1. Discovering Connections Between Popular Coins: You will find that many sniper wallets behind popular coins overlap. For instance, in the early wallets of Jellyjelly, at least 5 Buzz internal wallets appeared, and the relationships behind this are quite worth exploring.
2. Assessing Financial Strength: When we have marked enough popular sniper groups, we can discover whether these addresses have entered the market during our chain scans, and roughly gauge the level of financial strength behind them.
3. Monitoring Market Maker Actions: Collecting the actions of market makers as they gather bottom chips one by one. If these wallets start offloading in the future, we will be able to detect it immediately and adjust our investment strategies in a timely manner.
4. Calculating Cost Risks: We can also calculate the accumulation cost and pump cost of the market makers, allowing us to assess the likelihood of being dumped at the current price level and avoid blindly following the trend.
