Before buying must check either whales are buying or selling a coin?
Here is full detail how can you check a coin or token with example. We can check a token easily but complicated but not impossible . So, read full post to understand better .
First learn difference about a token and coin.
A coin has its own #Blockchain on other side a token minted on another Blockchain , their fore coins like Ethereum or Bitcoin has no it's own contract address bcz contract address is representative of a token . so, a coin has its own Blockchain their for they don't need any contract address .
Now let's discuss how to check either whales are buying a coin or selling , Follow below steps :
1. Select your coin >> Open it's explorer .
2. We will consider $ETH as an example . Open ETHERSCAN in browser.
3. Look for an option like Holders, top account etc. In #Etherscan you can find TOP Account option under Blockchain option .
4. Open it and look at top 20 holders are they buying and selling .
5. Select each of them and check either hid number of tokens is increasing or decreasing .
The second way you can use is #ARKHAM website.
1. Open Arkham in browser.
2. Search for any coin you want.
3. Look trend either moving from exchanges to wallets or wallets to exchange .
4. You can also check either Black Rock or any other big entity or Government is buying or selling .
This is how you can trace whales of a coin. If you have any question ask in Comments I will reply it. For token details complete 100 likes on this post we will write for it also.
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