How to find smart money
Last updated
Last updated
Smart money refers to wallets that consistently achieve impressive returns by identifying and investing in high-potential projects. These wallets belong to investors who spot good tokens early, often through sharp research skills, insider knowledge, or a network of high-level insights. By analyzing the behavior of these “smart money” wallets, we can spot potential opportunities for copy trading or find trends.
Common smart money types:
Token Researchers: These individuals or teams dive deeply into new projects, exploring the value propositions, technology, development team, and overall market potential of various cryptocurrencies and tokens. They have a knack for identifying projects with real-world applications and long-term potential.
Insiders: While not all smart money is insider money, some wallets may belong to individuals with close connections to the developer team. These individuals might have early information on upcoming partnerships, token listings, or regulatory changes that can impact a token's value.
Lucky degens are regular people who make money by coincidence when buying a token. It is way easier to lose money in crypto than gain it, so they are lucky. We shouldn't even call them smart money, but you might come across one using our tool. They are not interesting to us, we can adjust filters can skip these type of traders.
Algorithmic Traders: Some smart wallets use algorithms that identify trends or arbitrage opportunities on decentralized exchanges (DEXs) and execute trades frequently to capitalize on them. However, we are also not interested in these, mostly because we can’t efficiently copy high-frequency trading bots.
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This will open up a filter menu.
Suppose you don't know yet how to set them up; experiment. Find out what filters are good for what type of wallet because not all wallets here are smart money. For demonstration purposes, we added the following parameters to the filters. Note that we selected the 90 day period and somewhere changed the “greater or equal” sign to “less or equal”. For example, we wanted to limit the volume to 30k so we don't catch some big traders trading millions. But you should adjust the filters yourself.
Here is an example of a detailed view of the first wallet found from the filter we set in Step 3. We can see that not all of the tokens he traded made a profit. He was last active three days ago. From the looks of it, this one is just a lucky degen. He made 450x on Ashley, from $52$ to $24k$. Crazy.
This time, we found a lucky one. Maybe you can find smart money with consistent profits, not just “one-time hits.”
Why would you want to find smart money? Not the lucky one, but the consistent one.
Because then you can copy and trade their wallet. Or at least see in which direction the narratives are going by following what tokens smart money buys. Use the profitable token ratio filter to achieve this. The higher the ratio, the more tokens are in profit. But pay attention to wallets with a 100% ratio and multiple tokens. They are probably scammers or insiders (depending on the type of tokens they trade—this is where the healthy token ratio comes into play). So, the healthy token ratio should be high.
Do you think you have what it takes to find smart money?
Go try to do it yourself: Blokiments - Smart money And find someone that is consistently making profits ;)
Here, we are going to paste some interesting wallets we found:
ETHEREUM - 0x392eb3b018def35a077b165e3119cbdbb64569f9 (good tokens, small but constant profits)
