From Novice to Expert: How to Navigate Whale Wallets and Their Impact on the Market

Did you know that compared to traditional investment, crypto investment has a unique appeal? In the crypto world, you have many low starting points, many opportunities, and quick market changes. When Bitcoin first arrived its market value was worth of few cents, but now it has jumped to nearly $100,000, it’s amazing, in our world it’s the quickest rise. Ethereum, which changed the traditional financial system, skyrocketed from a few dollars to thousands of dollars. You can’t deny the crypto assets earning potential. This tutorial is designed to guide you on analyzing whale wallets and how they allocate their investment.

a16z

Press enter or click to view image in full size

This wallet address is associated with a top investment institution. On the Ether scan, this wallet is marked as a16z. Currently, the major tokens are Synthetix Network Tokens (SNX), which have a value of about $766,928. This will indicate a major token in this account. By analyzing on-chain transfers, you can find that the most recent token transfer can be traced back to five days ago.

Jump Trading

Press enter or click to view image in full size

Jump Trading is the top global market-making and high-frequency trading firm, operating since 1999. It offers liquidity to trading platforms and in the past given liquidity to Robinhood’s crypto division. Its sister company, Jump Capital, is an active investor in the crypto markets.

Jump’s Ethereum address currently holds 24,148 ETH tokens worth $82.17 million. This wallet indicates that other than ETH, there are no other major holdings.

The real reason to observe whales is to understand their behaviors. In what assets they are interested more, by learning their investment strategy you can also understand many facts about the market movements. By analyzing Whale’s address, you can focus on your investment decisions and make appropriate changes in your portfolio. If you are a complete novice, first research and understand how the crypto market works, including exchanges, price fluctuations, market participants, and investment strategies.

For crypto assets, make your habit of tracking familiar addresses to learn about new projects and new ideas, by studying specific currencies you can gain more perfection.

Before making an investment decision

1. Check your fund, do you have enough free money to take the risk
2. Learn Ether scan to check and analyze other wallets.
3. Understand what are the major trends in the crypto market.
4. Learn about Bitcoin’s recent updates.
5. Enter into the market.