Whales know something

In crypto space, what you know today might not work tomorrow. I often asked myself this question when everything moves in light speed.

“What’s my edge?”

Intuition? Patience? Bull market?

In retrospect, I was just lucky. I realized that I was barely scratching the surface.

After few weeks, I asked myself same question again and something caught my eyes this time. Frog wizards and anime pfp guys were writing about whales and how they built 7-8fig portfolio from zero. 🐳

Do you remember when Hermione Granger said “Wingardium Leviosa” and how Ron Weasley stared at the flying feather? The writing was magic and it really opened my eyes.

Here’s the nugget.

Most CT think good trade comes from reddit, discord, and telegram.

It’s true but only 50%.

If the thread got over 3,000 retweets, it’s not an alpha anymore. And I am not a big fan of post analysis.

I don’t see any edge when ppl writing about BAYC or ETH when price went up already.

Great trade comes from whales. They have early access to the deals and insider info. Imagine watching hedge funds’ money flow like real time streaming show…all you need is popcorn and few clicks.

Here’s how I did it.

I listed up some shilled tokens from twitter and found whales bought at the bottom before it went viral. Then, I checked plus mark (+) on the excel sheet if the whale sold at the top. Definitely, he knew something and might make another play like this in the future.

Ether Scan, Nansen, Debank are my fav on-chain tools. I found one wallet has over $200M and holding over $10M on two unknown tokens each.

So, I researched more about the transactions, project, and team. When BTC goes down like waterfall, one of the two tokens gave me +26.3% in less than a week.

It’s not crazy return, however, it showed me what’s possible when I put some hours into on-chain research. And this experience was worth than +26.3% gain for me.

I firmly believe this could be the edge that might make +2630% in the future. Luck make $. Skill make $$$.

Here are few tips I wanna share.

-Do not blindly copy trade what whales buy & sell. Tokens might come from their seed investments. Always check transaction.

-Think “Why” before you ape the token. This might slow down the process, but speed is not the point here. Take your time and make your own thesis based on the data you found.

-Choose your battlefield. If you are good at numbers and tokenomics, Defi whales are your friends. What’s your strength?

And last, do not give up even if you find nothing. It’s normal. Keep trying.

Thanks for reading amigos.