I've recently been completely captivated by the crypto community, as someone who has been navigating the crypto space for two years, I finally found a tool that allows someone like me, a 'non-technical type', to navigate on-chain data!
Let me first share a thrilling experience from last week—my friend sent me a new coin claiming to have '100x potential', saying the community was buzzing about it going to major exchanges. Habitually, I opened Chainbase to check. After entering the contract address, the 'Risk Scan' directly jumped out with three red warnings: the contract contains 'backdoor transfer' permissions, 90% of the coins in the issuer's wallet are not locked, and the 'trading volume' over the past 3 days was all from one address buying and selling to itself. I decisively advised my friend against it, and as a result, that coin went to zero over the weekend—thinking back, it’s still chilling.
Old players should understand how important it is to track whale movements. Previously, I was always squinting at block explorers while monitoring large ETH addresses. But Chainbase's 'Whale Tracking' can directly filter out addresses with 'net purchases of over 10,000 ETH in the past 7 days', and by clicking in, you can see these addresses' trading habits—some love to dump at 3 AM, and some prefer to place large orders on Uniswap. Just last week, I discovered in advance that a whale address was starting to sell a certain token in batches, allowing me to clear my holdings early and secure a 20% profit.
For beginners, the friendliest feature is its 'Beginner Mode'. By entering your wallet address, it will tell you in plain language: 'You hold XX coins, and recently 3 cooperative projects have gone under, it's advisable to reduce your holdings.' 'The floor price of your NFT has dropped by 15%, but 2 whale addresses are quietly accumulating, you might want to wait a bit longer.' My mom avoided several 'high-yield scams' relying on this feature when she first entered the space, and now she praises this tool as more reliable than me every day.
Moreover, its data updates really fast. Just 5 minutes after a new coin launched on Layer 2 last week, it already synced the contract information and initial liquidity data, even faster than some 'insider groups' I joined. I heard it can now check the minting data of inscriptions, even indicating whether a certain inscription's 'minting address is an exchange hot wallet', this is simply a godsend for friends dealing with inscriptions.
Whether you're a newbie just getting started or an experienced trader looking to refine your skills, @chainbasehq has corresponding features for you. After all, in the crypto world, information asymmetry equates to money, and having a reliable data analysis tool can save you from a lot of detours.
