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Whale stats: Perfect Tool To Track Whales

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@readthisplease
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Part of my exploration around the crypto space, I have encountered a couple of tools and website and they have been useful. Remember how I always talked about not trusting technical analysis because I feel the market is much more predicted by knowing how the whales act & react. This is because, the whales activities in the market make the significant difference most times. So what better ways to predict the market than track the whales.

I found this website called Whalestats and I can tell its very amazing. The website can be used to track a lot of things especially when they are related to whales activities. There are advantages of tracking whales, especially when you want to be a short term investor or trader not a long term holder. This way you know when to buy the dip and when to sell the top. You buy the dip when the whales activities are showing some certain suspicious buying activities on the asset transaction history, and sell when there is a selling activity on some assets. I prefer to spot trade for lower risk, but some people don’t mind future trading. Mind you, don’t take what I am writing as a financial advise.

Whalestats is a website that will help you do the job of tracking, and its pretty easy to understand. First of all, this website tracks about 5 different blockchains which are the Ethereum, BNB Chain, Polygon, Fantom & Avalanche. These are one of the common most used blockchains in the crypto space.

This website gives you varieties of informations concerning whale activities on a token, it starts by giving

Whales Fear & Greed Index Weighs the difference between buying and selling activities by theses Whales The most traded token in that chain by Whales The most widely held tokens in the blockchain by whales

You can also check out the trading activities to know the rates at which tokens under the blockchain get traded by these whales.

You can also check the most held token in that blockchain, both from the largest market cap to the lowest market cap.

You can check for NFT sales activity of these whales and also check for the top whale holders.

They are lot of information out there to be gotten from the website, you just have to soak it all in, understand it and use it to your advantage.

Posted Using LeoFinance Beta