This whale went from zero to over $41mm during the last bull run 🔥(and recently started trading again) . Let's look how they made their $ historically and what they are buying now

//Thread// The bulk of their gains came from trading SPELL during the bull run, turning ~$600k into over $8mm of realized PnL. They bought in early in July of 2021 and sold the top in the fall of 2021 and early 2022

https://twitter.com/OnChainWizard/status/1663856630486663171?s=20

CT Influencers make 1000x gains🤑shilling meme coins to you while you are left holding the bag. I created the ultimate step-by-step guide to finding their wallets based on their shills in just a few quick steps 👀

Let's dive in 👇 There are 2 methods to find these wallets:
1 - Overlapping token holdings
2 - Overlapping DEX Trades

To find, overlapping token holdings, all you need to do is take 2 or more recent influencer calls (this is the method of how I found ChadCaff's wallet)

https://twitter.com/ChadCaff/status/1651884349749436416?s=20

Memecoins are pumping and you are still aping TG calls, anon? Instead, use my simple process to find influencer wallets (which is how I found Chad's, wallet which has increased from $5k to over $200k in a few weeks).

Let's dig in 👇

https://twitter.com/OnChainWizard/status/1651928091126648832

Step #1 -> once you find the influencer you want to identify onchain, look through their TG and Twitter posts. If they have 2 or more very recent calls, you can use this Dune dashboard as a starting point.

dune.com/unexployed/Tok…

Introducing chainEDGE:

I’m stoked to finally announce that our public beta of chainEDGE is live at: chainedge.io. This is just our first dashboard, so once we formally launch in a month or so there will be more functionality included. No email or login required You don’t need an email or login to try it out and see what we’ve built so far, offering a seamless look into smart money movements across ETH, BSC, Arbitrum, Polygon, Optimism and Fantom.

Want to know why nearly every token except for BTC & ETH continues to bleed out?

It's partly a matter of buyside flows + retail interest. Let's look at some quick data to back it up, including what to watch for to start getting bidding again.

// Thread // The consensus view is that everyone has taken risk off, and there is no incremental bid for riskier alt tokens. But how much has buy side behavior changed in the past 4 months?

Here's what I learned about roundtripping $200k - > $2mm -> $100k on one position this year

// Thread // 1 - Despite the market topping out in November of last year, I copy traded some whale movements into a DeFi alt that tripled from my original purchase ($200k) in January 2022, and after exiting, I bought back again ~6 weeks later and it 3x'd again, bringing $200k -> $2mm

Unlock Alpha: $ALICE

So this old BSC metaverse/gaming token has a nasty unlock tomorrow of ~3.7mm tokens or 12% of its circulating supply. A short thread on why this unlock may be the worst one yet 🧵 1 - private sale investors are 57% of the unlock, and are up 27x on their investment. Given its dumpoor szn, will the VC funds involved choose to hang on to these tokens?

https://twitter.com/Blockanalia/status/1533070217122746373?s=20&t=uY9c19_LEc71kropXLqwYA

🚨🚨Did you know there is an active scam out there promising daily 2-3% USDT returns with no risk? A deep dive behind the curtains on a scheme that has fleeced people for over $789k I've come across a daily rewards scam, where at least one twitter user (@Milly__06) reaches out to people, builds trust and eventually manipulates users to "approve" away their entire wallet. She even goes as far as suggesting people should get a loan to invest in these "vaults"

Never a dull day in crypto:
1 - Solana network is down (again)
2 - Chastain charged with insider trading on Opensea NFTs
3 - Goblintown NFTs are now up to an 8E floor price

https://twitter.com/Blockworks_/status/1532054187588059137?s=20&t=VKmQssxncI3T0VUmXopamw

June Update - Content schedule from me this month will be as follows:
-Free post this week on basic contract literacy
-Paid content next week on mechanics of the famous Iron Finance exploit where even Mark Cuban was rugged (and what we can learn) -Free post on the current state of crypto + projects that I’m following

-Paid post on another one of my favorite, high risk alt ideas heading into August

The battle back from being rekt - how do I make money in crypto in the current environment?

Given the recent move in ETH, alts have finally started a relief rally of 20-40% from the lows. Does this mean you should dive in?

/// Smol Thread // I think its important to dive deeper into why a token moves in the first place (which I wrote about in my tokenomics though piece).
onchainwizard.substack.com/p/onchain-wiza…

Were you smart enough to save your portfolio from the contagion from UST/LUNA's collapse? Most of us were not (myself included). But would wallet watching have helped you even in this situation? Why yes, yes it would (if done right). What I'm Building 🏗️

// Thread // So I've long talked about the value of wallet watching, and how it contributed to the majority of my on chain investing success. It literally took me from average pleb to actually making money in a ~systematic way. While I can continue to teach how to build your own wallet list

For you onhchain detectives, here is the some of the Curve UST attack onchain:

Step (1) $150mm of liquidity is pulled from Curve on UST

etherscan.io/tx/0x18bd477f9… (2) this freshly funded wallet dumps $85mm UST 13 mins later

etherscan.io/tx/0xaa23df48c…

How to make a >800 million dollars in crypto attacking the once 3rd largest stablecoin, Soros style:

Everyone is talking about the $UST attack right now, including Janet Yellen. But no one is talking about how much money the attacker made (or how brilliant it was). Lets dig in🧵 Our story starts in late March, when the Luna Foundation Guard (or LFG) starts buying BTC to help back $UST. LFG started accumulating BTC on 3/22, and by March 26th had a $1bn+ BTC position. This is leg #1 that made this trade (or attack) brilliant.

https://twitter.com/LFG_Reserve/status/1507688906820620291?s=20&t=JEygYTQtOVGwcH0q5qrJQQ

How do whales treat a drawdown? If you are on CT or watching charts all day, you are probably thinking its the end of the world. Whats interesting is that whale movements in these times are something we can study while the market finds a bottom (hopefully)

//Mini-Thread// What are the wallets I'm following doing? It appears most have cut any pure degen or low conviction plays. I'm seeing some finally un-LP from farms they have been in for months (potentially a bottom signal).

How to batten down the hatches when everyone thinks we're going to zero? How do I protect my portfolio (or even try to grow it) in a down only market? Here are some actionable steps you can take:

🧵 Given most alts are bleeding (except for my major public wallet allocation kek), most people have a tendency to panic sell into stablecoins. I've personally been guilty of this twice, selling the pico bottoms last year. How do you weather the storm without panic selling?

How to quickly spot a scam:

One of my dear followers reached out after going through my whale watching substack. As I mentioned in my post, you HAVE to be very careful because scammers send these known addresses tokens. My follower was looking at Tetra's main wallet 0x9c5083dd4838e120dbeac44c052179692aa5dac5

And saw transactions for these shit tokens and decided to buy. How do you know its a scam?

My ultimate guide to eating SH*T in crypto, and how it can help you still make money (whether you know it or not)

🧵🧵🧵🧵 What am I talking about? Crypto is hyper volatile, and if you don't teach yourself how to eat sh*t (stomach losses), you will not have as much success as you could! When I first started out, losing $5k even on a $150k portfolio brought me so much pain that I wanted to give up.

Here’s why you’re NOT making money in crypto, and how you can take action to change that today

Thread 🧵 When I first got started in crypto, I had no process, did no diligence and aped into “calls” based on influencer telegram chats. I lost money buying Safemoon and Pitbull late because my friends were shilling them to me and made a lot of money.

Uponly or goblintown? Risk on or risk off? No one actually has any clue, but if you want to try and gauge where we are in the nearer term cycles, I like to watch stablecoin dominance. Knowing where you are in near term cycles can prevent some portfolio pain, as risk coming off is not going to be good for small cap alts. You can take profit, wait for better entries, or LP tokens you like to protect your portfolio + smooth out your average cost

"Wizard, how do I know if I'm being dumped on?". I got you anon. When you ape into a project, if its a bigger position size, you should be watching the big buys and sells every day/week (depending on your holding period) In tandem, you should build a top 30% of holders list (these are likely the early OGs + team wallets). The movements in these wallets will tell you everything you need to know. If early investors and potential team wallets are dumping, you know you might be in trouble!