What are the Functions of a Crypto Whale Tracker?

[Suba]

A crypto whale tracker is a platform, either a website or an app, that investors use to track large crypto transactions (generally over $1,000) on a blockchain ledger. This allows investors to see transaction details such as the transaction amount, sending and receiving addresses, transaction time, and so on. Crypto whale trackers are also capable of on-chain analysis, allowing them to track transactions from wallets to exchanges and vice versa.

Some well-known whale trackers include ClankApp, Whale Alert, and Whale Map. Furthermore, a crypto whale tracker can identify the types of transactions and whale activity on a blockchain, such as:
1. Wallet-to-wallet transactions don't have a significant impact on the crypto market because crypto whale trading is conducted through OTC and dark pool trading.
2. Wallet-to-exchange transactions are likely to result in whales selling crypto, but if stablecoins are sent, they are likely to buy crypto.
3. Exchange-to-wallet transactions will reduce the crypto supply and likely trigger a price increase.

 

[gwolf666]

A cryptocurrency whale tracker is a tool that allows you to track large cryptocurrency movements on the blockchain, displaying details such as transaction amounts, addresses, and timing. These platforms help investors understand market sentiment, as transactions between wallets and exchanges can indicate significant sales or purchases, affecting the price of cryptocurrencies.

 

[riberet19]

These tools are very good at predicting abrupt movements in cryptocurrencies, especially those with low capitalization. In those with high capitalization, unless there are many joint movements of whales, it is difficult to predict movements.

 

[Suba]

As crypto investors and traders, we really need a crypto whale tracker, especially to develop strategies and identify potential market manipulation, as well as to obtain real-time information.