There are several reasons and methods to track crypto and NFT whales through on-chain analytics that can help investors make meaningful decisions
blockchain records a large transaction
Most crypto investors own more than one cryptocurrency in their portfolio. In order to be informed of market movements, they will need to identify and track several wallets that hold large volumes of the cryptocurrencies they are interested in. On-chain analytics tools offer this functionality.
The fall in floor prices often begins with one holder of the NFT listing it below the floor price. Therefore, whale tracking tools can be used to spot such behaviors so that an investor is made aware and act accordingly.
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