How to track crypto whale wallets

IntroductionTHIS BLOG INCLUDE:1 Introduction2 About crypto whale3 Why should crypto whale track4 How to track crypto whale4.1 On-chain Analysis4.2 Wallet-to-Exchange Transactions4.3 Exchange-to-Wallet Transactions4.4 Wallet-to-Wallet Transactions4.5 Crypto Whale Tracker tool5 Advantages & Disadvantages crypto whale tracker5.1 …


Despite common belief, the cryptocurrency market isn’t as random as many think. A variety of factors impact coin and token prices. One of these is what crypto whales do.

These vital crypto community players significantly influence the fluctuating price of cryptocurrencies.

You can predict the direction of the crypto market and make wise investment decisions by keeping an eye on their activity. Right, “If you can’t defeat them, join them.” This essay will go into great detail on tracking cryptocurrency whale wallets.

About crypto whale

A cryptocurrency whale is someone who owns enough digital money to have an impact on the market. These traders are known as “whales” because they play a far more significant role than most merchants, who only hold and trade a small portion of the total money.

The crypto whale owns so much of one kind of currency—often 10% or more—that it affects how much that money is worth. Some cryptocurrency whales own a sizable portion of a single type of currency, but many whales hold sizable percentages of multiple. 

These are the leading lights in the cryptocurrency world. They are the most prominent cryptocurrency investors and traders in the crypto sea.

Why should crypto whale track

  1. Depending on their activities, the top wallets holding a cryptocurrency might drive its value up or down. Users can anticipate significant market swings and make better trading decisions with cryptocurrency whale tracking tools.
  2. The amount of cryptocurrency that may be traded is constrained when crypto whales retain significant amounts. Additionally, it decreases the currency’s liquidity, making exchanging for other tokens or cash more difficult.
  3. Large-scale currency transfers have two effects on the value of the currency.
  4. As indicated by a significant exchange influx, crypto whales dumping massive sums of money into an exchange can be detected—the price decreases typically due to this influx.
  5. When whales take money out of exchanges and put it in their wallets, a significant exchange outflow takes the money out of circulation. The price usually increases as a result of this outflow.
  6. Crypto whales don’t necessarily dump massive amounts of a particular currency onto an exchange. The value of the cash will decrease if enough people react by leaving their money after they witness a significant transaction.
  7. Whether the traders correctly guess the whales’ motivations, the market’s response to the whales’ transactions frequently impacts the value.
  8. Numerous whale watchers keep tabs on and document huge trades. You can identify trends and foresee developments in the cryptocurrency market by keeping track of whales.

How to track crypto whale

  1. On-Chain Analysis
  2. Wallet-to-Exchange Transactions
  3. Exchange-to-Wallet Transactions
  4. Wallet-to-Wallet Transactions
  5. Crypto Whale Tracker Tools

On-chain Analysis

The on-chain analysis is the process of following cryptocurrency whale trades by scrutinizing blockchain transactions. The transaction values and block sizes are examined in this investigation. A high transaction value indicates that significant money has been exchanged. The vast block size means an enormous volume of data.

Wallet-to-Exchange Transactions

Whales will trade the cryptocurrency they move into an exchange wallet. Market values might go up or down depending on the amount and type of money.

More volatile coins could signal they are selling the cryptocurrency; stable currencies transferred into an exchange wallet can signify a good investment.

Exchange-to-Wallet Transactions

Taking cryptocurrency out of circulation by transferring it from an exchange to a wallet. Usually, this drives up the price due to scarcity, but if the currency in question is one of the more stable currencies, it might drive down the price by making it appear to be a bad investment.

Wallet-to-Wallet Transactions

Monitoring wallet-to-wallet transfers reveal when cryptocurrency whales transfer funds between wallets. These trades typically have little impact on currency values and may point to a whale engaging in covert over-the-counter transactions.

Crypto Whale Tracker tool

Because blockchain transactions are renowned for being transparent and irreversible, anyone may review them. Using a crypto whale tracker application is the quickest and most straightforward method for following whale movements and understanding blockchain data.

Advantages & Disadvantages crypto whale tracker

Advantages of crypto whale tracker

  1. You don’t have to spend hours looking for whales and studying transactions because the tracker handles it for you.
  2. Changes are visible earlier than they might have been if you had conducted your own data analysis. When the value of a currency declines, quick action can let you buy the dip and enter the market at a discount before the value rises. 
  3. You can make quick judgments and seize opportunities as they arise with real-time tracking.
  4. A crypto whale tracker tool’s easy-to-understand data, charts, and graphs give you a thorough perspective of the cryptocurrency market and can speed up your learning.

Disadvantages of crypto whale tracker

  1. You risk missing other market-influencing behaviour if you only pay attention to whales. Whales are the largest fish in the crypto sea, but they’re not the sole indicator that the value may shift.
  2. Whales have large budgets and frequently take risks that most traders wouldn’t consider. It might be stressful to watch them, which may result in bad financial judgment.
  3. In-depth tracking can cost hundreds to thousands of dollars annually, even if a minimal search with many apps is cheap or free.

How crypto whale tracker work

  1. Blockchain explorers of the type known as “crypto whale trackers” take the raw data of the blockchain and transform it into a user-friendly visual representation.
  2. The data stored on the blockchain is maintained via distributed ledger technology (DLT). In this central database, transactions are arranged chronologically in blocks, much like links in a chain.
  3. An added block creates a safe, permanent record of asset ownership and cannot be changed or removed.

All computer data, including images, are stored in raw binary format as a series of zeros and ones. The primary transaction data on the blockchain, which is saved as a list of letters and numbers called hashes, is very similar.

  1. A blockchain explorer, such as a crypto whale tracking program, will translate the raw hash into comprehensible words and numbers.
  2. Each whale monitoring tool extracts the blockchain’s raw data, translates it, analyses it, and reports on the activities of the largest currency holders and dealers.

Tools for crypto whale tracker

Whale Alert

A tool called Whale Alert tracks more than a dozen different blockchains, including HIVE, Ethereum, and Bitcoin. The agency provides a free alternative that helps start but excludes alerts from the service. Data on transactions exceeding $500K and an hour’s worth of transaction history are the only data available to traders.

For $9.95 a month, Whale Alert offers customized alert service for particular currencies with over $100K. For transactions over that amount, they also provide a more thorough tracking service with a full day’s history, costing $29.95 per month.


On its website and Telegram and Twitter, ClankApp records cryptocurrency whale transactions in real-time. The major flaw in this cryptocurrency whale tracker tool is the absence of detailed charts and graphs that show a cryptocurrency whale’s transactions over time. 

You can sign up for email alerts, push notifications, and the Telegram and Twitter feeds. Beginners who want to watch whales can use the program because it tracks 24 blockchains for free through the tool’s website. 


Although creating a Whalemap account is free, it can be challenging to comprehend the data it offers. Fortunately, the Whalemap website is jam-packed with knowledge, including guides on interpreting the charts and understanding the data. This website is an excellent crypto whale tracker for new cryptocurrency traders and whale-watching newbies because it also offers free lessons in blockchain, trading, and chart reading under the Learn area.

Whale Watchers

You can choose between the free service and the Captain’s Club when you sign up for this NFT and cryptocurrency whale tracker tool. 

The cost of Captain’s Club membership is expressed in Ether; hence it fluctuates based on the price of ETH. The cost of a premium Whale Watchers membership typically ranges from $90 to $115. 

WhaleBot Alert

One of the few Telegram groups where you may subscribe for free updates on crypto whale trades as they happen is WhaleBot Alerts. Although the volume of data on whales and transactions can be daunting, it will aid traders in forecasting significant market alterations. 


You can still gain from observing crypto whale activity whether you intend to act in response to a whale’s movement.

With the aid of a crypto whale tracker, novice traders can learn about the market by watching what the big players do. This study can also assist seasoned traders in developing their ability to foresee ups and downs and seize successful opportunities as they arise.


How can I monitor whales who buy cryptocurrency?

The on-chain analysis is the process of following cryptocurrency whale trades by scrutinizing blockchain transactions. The transaction values and block sizes are examined in this investigation. 

How many crypto whales are there?

The blockchain analytics company Glassnode also said earlier this week that whales are actively boosting their balance by directly buying 140,000 Bitcoin each month from exchanges. According to Glassnode, whales currently hold up to 8.69 million BTC or 45.6% of the 21 million Bitcoin available worldwide.

How can you spot whales in cryptocurrency?

To keep track of any substantial changes in cryptocurrency prices, keep an eye on exchange wallets and the wallet addresses of the biggest holders. Watch the order books. A whale could be at play if you suddenly notice larger-than-normal buy orders.

Crypto whales’ sources of income? 

Typically, whales place a large sell order below all other sell orders in the market. As a result of the falling prices and subsequent chain reaction of panic, this increases market volatility.

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