Original Title: Grow from $0 to $1M with wallet tracking.
Original Author: @maxxexee, On-chain Researcher
Original Translator: AididiaoJP, Foresight News
People often do not cherish things that come for free. Today, I am going to share with you the years of hard work, countless sleepless nights, full dedication, and those secrets I wish I had known earlier, without reservation. So, make good use of it, and don’t be an ordinary person who just wastes opportunities.
Beginning
Before we start, you need to prepare the following tools and start using them now:
· Ray purple wallet tracking bot
· MevX (for sniping trades)
· Gmgn AIDEX Screener
· Exclusive music playlist to help you get into the zone
· Whale Watch by Moby (remember to turn on push notifications)
Mindset Shaping | Your Thoughts Determine Who You Are
Placebo Effect
When I say "grow from zero to a million dollars through wallet tracking," the protagonist may not necessarily be me; it could also be you, the one reading this.
Science has proven that the placebo effect shows: simply "believing" can trigger real measurable results—changing your performance, perception, and decision-making without any external direct cause. I have witnessed this principle time and again in my life.
I solemnly remind you to take this seriously.
If you lack patience, only want shortcuts, do things without conviction, are satisfied with mediocre dreams, have no discipline, or simply do not believe in yourself—then you should not stay here. Go back to playing those Pump.fun games that are just about harvesting.
I do not trade for survival. I force myself to study systems that can make me a better trader, so that the improvement in survival and quality of life will naturally become the rewards that follow.
If you trade purely for money and survival, the immense pressure will likely cause you to collapse. But if you can understand the system and treat trading as a byproduct of building a better life, your chances of success will be much greater.
There will always be people telling you that these strategies are fake, that everything is a scam, and only insider players can win. This is usually an excuse made by those who lack depth and have low self-esteem.
Listen to me, someone who has tracked/engaged with whales holding over 40 million dollars in GRIFFAIN insider positions; lying does me no good.
Trading is a game. Wallet tracking is a maze, and every profitable wallet proves that someone has found the exit.
Alright, let’s get started.
First Lesson
Welcome to this "kindergarten" without diapers. After warming up, your first practical case is: identify tokens that are organized and promoted by KOLs or small groups. These can usually be seen on the real-time hot list of Dex Screener.
DEX SCREENER: See Every Movement Clearly
When checking tokens, I strongly recommend using a computer for the clearest view.
I set the chart to a 1-minute candlestick and daily trading time frame.
· The 1-minute candlestick can accurately show the timing of buy and sell transactions.
· The daily trading time frame displays the complete performance of the token since its issuance: every rise, every fall, and the secret accumulation phase.
I usually keep the candlestick period at 1 minute or 5 minutes, while the time frame matches the "age" of the token. If the token was issued 2 days ago, I set it to 2 days; if it was issued 3 days ago, I set it to 3 days. This way, all historical data is clear and without omissions.
Performance Analysis Using EPSTEIN as an Example
Step Two: Interpreting the Chart
After setting the filtering conditions, we start observing the tokens. I mainly focus on two types:
· New token pairs: Track wallets that bought and held at the time of token issuance. This type carries high risk and volatility but also high potential returns.
· Rallies / Secondary launches / Preemptive trades: Track wallets that bought old tokens that have gone to zero or bottomed out (possibly insiders or those preemptively positioning for an event) and sold at a high point.
Today, we focus on option 2, which I believe is more prudent based on past experience. Many times, KOLs or insiders will shake out hesitant retail investors through a washout, accumulate enough chips, and then pump the price to the sky, leaving you behind to continue being scammed on Pump.fun.
By observing the EPSTEIN chart, we can identify 3-4 key support and resistance levels, which are places where significant buying and selling occur.
· Support Level - Buying, Rally, Green Candlestick
· Resistance Level - Selling, Dumping, Red Candlestick
Your tracking should start from the absolute bottom, just near the resistance area before the support or buying zone. Why? Because this represents a point where the token has "died," been abandoned, and completely bottomed out.
When someone enters at this position, it cannot be random. They either have insider information, heard some news, or are preemptively positioning for an event you know nothing about.
I know things you don’t know.
Practical Case: The Movement of Smart Money
Look at EPSTEIN: it reached a market cap of 1 million dollars on its first day, then plummeted to 100,000 dollars like your ex dumped you… Don’t be sad; that’s just how the market is. High risk and high volatility, which is why I said not to touch new tokens until you gain experience.
After the crash, it consolidated around the 100,000 dollar market cap, slowly accumulating and rising to 400-500 thousand dollars, and finally violently surged to 3.3 million dollars.
Is it being manipulated by insiders? Is it smart money? Maybe. But that’s not important. What matters is that some wallets bought in the 100,000 dollar bottom range and held until 500,000 dollars (this is our key observation point), then watched it soar to a market cap of 3.3 million dollars. Well done.
That’s an 8x return, not astonishing, but it’s real profit.
Some people are always chasing the next "5,000 turns into 1 million" miracle token. Remember, quality far outweighs quantity.
I would rather invest 100,000 dollars in a high-certainty 2.5x opportunity to make steady profits than invest 100,000 dollars in an uncertain 10x opportunity and lose it all.
Your Task
Now we have found the key interest point—the area where buyers accumulated heavily before the rally. The next task is to filter out the wallets that bought in that area.
This is a tedious job because you might end up with sore eyes, headaches, or even auditory hallucinations. I suggest you get up and walk around from time to time, take a break.
I love using Dex Screener because it provides comprehensive information: wallet entry time, trading volume, market cap, etc., giving you enough depth for analysis.
Dex Screener shows that the main buying activity occurred around 2:15 AM on February 1, with a market cap of about 600,000 dollars (note that time zones may differ).
Now you know the time and overview of the activity. Next:
Set the filtering conditions:
· Set the date to the specific date of the event (e.g., February 2).
· Set the time window to before and after the event (e.g., 2:10-2:30).
· Add an additional 20-30 minutes of overlapping time to ensure complete coverage.
· Filter the trading type to "buy only."
Analyze Buying Transactions
After filtering, you need to hover over each transaction one by one. This is tedious and stressful, but like a miner digging for gold. By hovering, you can see: who bought, how much they spent, when they bought, and what their final return was.
For example, a wallet starting with "26o" bought in for 415 dollars and eventually sold for a 5.6x return. This is insignificant compared to the large sums we are tracking, but still worth noting. This cannot be directly determined as insider or smart money, but it’s worth putting on the watchlist.
Repeat this process, recording wallet addresses in a notebook, organizing your observations, and carefully studying the patterns within. Over time, the noise will fade, and the truly important movements will naturally emerge.
Step Three: Utilizing "Unrealized Gains"
This strategy is particularly suitable for new tokens or tokens that are slowly gaining momentum; I like to approach it from a psychological perspective. Unrealized gains refer to profits that have not yet been cashed out, with holders choosing not to sell due to the expectation that the asset will appreciate further.
Steps to operate:
· Find a token pair with a moderate market cap (e.g., 200,000, 500,000, 1 million dollars).
· Look for tokens that have been issued for 30 minutes to 1 hour (or longer).
· Check if the trading volume reasonably matches the market cap. Abnormally high or chaotic trading volumes usually indicate that the token has been overhyped and is under heavy selling pressure, so avoid those.
· If the token meets the criteria, enter the "Top Traders" section, switch to the Unrealized Gains view, and then hover to see the holders. This will give you insights into: who is holding, how much they are holding, and their mindset… these are all silent signals that most people overlook.
Using HITLER as an Example
This chart looks very enticing, filled with crazy buying and holding records, but believe me, there are often hidden complexities beneath the surface.
We repeat the same process, carefully recording wallet addresses and unusual activities. For example, someone bought into HITLER for only 50 dollars but shows 6,000 dollars in unrealized gains—why haven’t they sold? What do they know? This is intriguing.
The only way to find the answer is to treat them as signals and advantages, quietly building your own observation profile.
Learn to eliminate delusions from your strategy. Not every holder of unrealized gains is smart money; some are just aimlessly holding on without a plan. Don’t mistake blind hope for steadfast belief.
Step Four: MOBY's Whale Watch
This is an insightful tool specifically designed to track whale activities and the flow of funds between different tokens.
Usage Recommendations:
Follow some reliable whale tracking accounts, turn on push notifications, and patiently observe for 1-2 weeks. Don’t rush; patterns won’t reveal themselves on the first day.
My Operating Process:
I scan every token alerted by Whale Watch, especially those with realistic market caps (usually below 1 million dollars). I look at each one, observing its price behavior, market performance, and background.
For each token, I ask myself:
· Why did the whale buy it?
· Does its story or narrative hold up?
· Who bought before the whale?
· Who followed after the whale bought?
· How did the token perform afterward?
If you record these questions daily, patterns will slowly emerge. It takes time, but they will appear.
I discovered a pattern (I hesitated to share): some whale wallets act as "attention containers."
Their purpose isn’t necessarily to position early but to create attention and FOMO (fear of missing out). Typically, a small batch of internal wallets will quietly enter first. Then, whales quickly follow up with purchases, driving volume and market attention.
The same logic applies to the perpetual contract market on CEX. When a large-cap token is listed, like PENGUIN (for example), a few small wallets will quietly build positions to hide traces or create distractions. Once the positions are ready, whales enter, volume surges, and the longs in perpetual contracts start to profit. The real profit may not be in the spot market but in the opportunities created by spot volatility for other markets (like contracts).
One question that made me think deeply was:
Why do whales always buy tokens that have already risen? Old tokens, those close to historical highs, tokens with high market caps that are hard to double.
Until I realized that price appreciation isn’t the only way to profit.
Your job as a trader is to discover loopholes, flawed systems, or hidden mechanisms and use them to your advantage. If you can track wallets that always buy before whale actions, you can position early, set up your long positions, manage your leverage, and let the system work for you. Once you identify this pattern, you can even preemptively buy the next token that whales might be interested in.
This is just one of many perspectives.
I’ll stop here.
Either question everything or become part of the crowd.
Wallet Tracking Checklist
This is the final and most important step in the entire process. This checklist will tell you whether you’ve found a gold mine or wasted months on garbage.
I use GMGN AI for the final analysis.
Paste the wallet address into GMGN and carefully check the following points:
· Holding time
· Win rate (please refer to this cautiously)
· Average buy market cap distribution—what market cap range do they usually enter
· Trading and transfer records (this is more important than most people think)
· How many people are tracking the same wallet
The Trap of "False Win Rates"
As I delved into wallet tracking, I realized a key point: looking only at win rates is almost meaningless; it’s just surface data.
I’ve seen wallets with win rates as low as 20% or even lower that continuously participate in organized pumps. Their operating pattern is: buy with one wallet, then transfer the tokens to other wallets for selling. That’s why sometimes you see sell records on Dex Screener but no buy records for those wallets.
Once, I tracked a wallet with a very poor win rate. It bought in when a token's market cap was about 100,000 dollars, then transferred most of the tokens out, leaving only a small portion. On the surface, it looked like they were stuck after buying. But in fact, within 30 minutes, that token's market cap surged to 9 million dollars. A few hours later, the price plummeted, yet the coins in their original wallet remained untouched.
If I hadn’t investigated the transfer records, I would have thought they were losing money. But what was unseen was that they sold the tokens through another wallet, hiding the profit traces.
This is the difference between "seeing" and "truly seeing."
This game rewards curiosity and intelligence, not shortcuts. Don’t just look at the surface; dig deeper, track behaviors, and find the patterns yourself.
The advantage lies in the "dirty work" that most people are unwilling to do.
Case Analysis
Here’s a wallet that seems to have a good win rate. From the image, it shows solid holding times, with most of the tokens bought in the market cap range of 10,000 to 100,000 dollars, and a few exceeding 500,000 dollars. This entry position is relatively reasonable.
Key points to note:
· Average holding time is very critical here, more important than most people think. A longer holding time represents patience and intent, indicating that this wallet wasn’t built to attract followers or quickly dump.
· Trading and holding analysis gives you space to observe the types of tokens they bought, their behavior during volatility, and whether their entry points align with the accumulation phase of the market makers.
· I also closely monitor how many people are tracking the same wallet. If there are too many followers, I usually avoid it. Because at this point, its value has been "diluted"—too many eyes on it, too many followers, which almost always distorts the entry timing and disrupts the original pump structure.
Following trades can create a lot of market noise. People enter without understanding the background, easily panicking too early, over-leveraging, and starting to "farm" tokens instead of letting them develop naturally. This behavior can completely ruin organized operations and clean trends.
That’s why I don’t follow the crowd; I only study behavioral patterns.
Don’t be a follower; be a detective.
Just having this mindset puts you one step ahead.
What to Do and What Not to Do
· What Not to Do: After seeing insiders buy, don’t immediately follow in buying. Observe first, wait for clear entry signals.
· What to Do: Before investing, be sure to observe price behavior and market performance.
· If you discover a highly profitable wallet, don’t share it publicly. Once the advantage is known to everyone, it will lose its effectiveness.
· Never spend money to buy so-called "winning wallet" addresses from others. Those selling to you are either broke, making up stories, or trying to scam you.
· Never buy in amounts exceeding those of insiders. That’s greed, not conviction.
· Don’t sell all at once to take profits. You should have a plan to take profits in batches.
· Once you confirm a quality wallet, activate it on the wallet tracking bot, and then wait for trade alerts.
· If you are prepared and lucky like me, you might eventually seize that "5,000 turns into 500,000" golden opportunity. Such opportunities do exist, but they usually come from precise sniping of newly issued tokens.
Conclusion
This guide ends here.
Next time you envy those "Degen" traders driving luxury cars and living high-profile lives, remember: they know what you don’t and have put in efforts you can’t see.
If you’ve read this far, I wish you discipline and a bountiful return on your wallet tracking journey.
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