Thread by @RuggedWojak

Wallet tracking gives you the opportunities to trade like an INSIDER or get EARLY into new projects.

Join the second part of my wallet tracking series to become a ON-CHAIN pro.

Contents

1. Intro
2. Transaction
3. @zerion
4. Criteria

1⃣ Intro

In last lesson we locked at how to find wallet addresses on a chain explorer.

In this part we will learn about transaction and their content.

We will take a look at @zerion .

And Finlay you will learn how to pick a wallet that could be useful.

⚠️Contract address⚠️

In the previous part you learned how to find contracts on info aggregators.

Important advice

❗️❗️❗️
USE ONLY CONTRACT ADDRESSES FROM THESE AGGREGATTORS WHEN YOU ARE SEARCHING ON A EXPLORER. NEVER USE A NAME.
❗️❗️❗️

Fake projects can use similar name.

2⃣ Transactions

Transactions are cryptographically signed data messages that contain instructions.

These Instructions can send crypto from a wallet to another or interact with a smart contract.

Transactions are identified with a unique transaction hash (TXID)

✳️Content transaction part 1

Transaction Hash:
Unique identifier for a transaction

Status:
Status of a transaction with three possible states (success, failed ,pending)

Block:
Block number in which transaction is recorded

Timestamp:
Time at which transaction where produced.

✳️Content transaction part 2

From - To:
Wallet address from sender and reciever

Value:
Tracked ether or fiat value

Transaction fee:
Amount paid to the network

Gas Price:
Fee required to successfully conduct a transaction

✳️Complexity Transactions

We learnt that transactions contain important data, that could be useful to us.

Tracking transactions of one wallet on a explorer is possible but a couple is very tedious. This would be a 24/7 job.

Luckily there are some tools that can help us.
👇👇👇

3⃣ Zerion

#Zerion is a #cryptocurrency wallet that lets you stay in control of your private keys.

The amazing part about @zerion is, you can also create a watchlists with a bunch of wallets to track them.

Link to the Website
zerion.io

✳️Importing Wallet

First we have to select a address we want to track.
You can do this by following the steps from the previous parts.

1. Select "Track any wallet"
2. Paste your selected address
3. Select to watchlist and press add

✳️Wallet content

After the process above you will see your added wallet and it's balance.

You will be redirected to a window where you can see:

- Balance
- Chart (1H / 1D / 1W / 1M /1Y)
- Token Holdings
- NFT Holdings
- History

✳️History

This is the interesting part of Zerion. It shows all transactions and notifies you as soon as the wallet does a new move.

Transaction history can be filtered by following criteria

Asset type
- NFT
- Token

Transaction type
- Trade
- mint
- send
- receive
- others

4⃣ Criteria

There are a lot off wallets on each chain and it is hard to find a usefull one.

I will show you which criteria's are important to me

- balance
- activity
- relevance

✳️Balance

The balance is an important indicator. If a account has a balance
of millions and receives and sends $USDC / $USDT, it could be a exchange.

I tend to look for wallets above 10k $. This increases the chance to find a wallet of a active trader.

✳️Activity

Activity is another important part. You have to look for accounts who are trading regularly different tokens.

I tend to look at wallets that do transaction minimum on a weekly basis.

Example:
Bought $GALA because I saw the transaction, instant 1.5x profit.

✳️Relevance

If you found a wallet with good balance and activity you have to search on social media for the traded tokens

Look for the following points

- Who shills
- Social activity
- Website
- Telegram /Discord

✳️Final words

Don't get frustrated. It takes time and effort to find useful wallets. No one will show them to you.

I was confused with this amount of information, but its like lifting weights. First exhausting but with time it will get easier.

✳️Final words

Now we come to the end of this short series.
I hope you enjoyed this journey.

Have always in mind EDUCATION is king 👑👑

Like, retweet and follow me for more amazing content.

✳️People to follow

Follow these amazing people with high on-chain knowledge

@wauwda
@Koshkoi999
@lets_DYOR
@LLBeer_1
@CryptoLilGems
@CryptoKaduna
@Smartecio
@0xFlips
@Crypt0_Andrew
@CRyptOracl3
@CryptoShiro_
@thelearningpill
@SebastianWols17
@0xGeeGee
@ey_pablo

✳️Favorite threadors

These are my favorite threadors. I got so much knowledge from them 🧠

@LouisCooper_
@CryptoGirlNova
@thedefiedge
@CryptoUgluuk

@LouisCooper_ I worked on my hook. How do you like it now ?

I would really appreciate ♥️ feedback from all of you.

✳️Link to the first part