In the field of encryption, smart money refers to professional investment institutions or individual investors with professional knowledge, in-depth understanding of the market and information advantages. Smart money has long been the focus of attention in the crypto market, as these entities often have access to information and resources not readily available to ordinary traders, which could give them an edge in a cryptocurrency market with severe information asymmetries.
Ordinary crypto investors can gradually understand their investment ideas, strategies and market views by researching and analyzing smart money's social media comments or wallet addresses. This information can help us better understand their investment ideas and learn from their experience.
So how to track and get the smart money address?
1 Social Media Tracking
In the digital age, social media has become an important platform for investors to communicate and express their views. By following the activities of the “smart money” on social media, we can understand their views and predictions on the market. Some social media analysis tools can help us track what the "smart money" is saying and doing on social media, so as to better understand their investment ideas. In addition, you can follow some on-chain data analysts or big V accounts on Twitter by searching for corresponding keywords, and they often analyze smart money addresses.
2 Blockchain Explorer
Search for some of the top holders of successful smart contract projects by using a blockchain explorer. Their transaction types, transaction assets, transaction direction, transaction amount, transaction frequency, etc. are all indicators you need to observe.
You can enter the token address on the Tokenview browser, such as Curve DAO token CRV, and analyze the transaction frequency and transaction amount of its top holders to obtain exclusive information.
3 Address Monitoring
When you get a smart money address and want to track its transaction dynamics in real time, you can also use the address monitoring API. Tokenview address monitoring is designed to make it easier for users to track wallet addresses of interest. Once the balance of the address changes, a notification will be triggered, allowing you to track the activities of the monitored wallet in real time. So how to use Tokenview address monitoring? ****
Step 1: Create a Tokenview Account
After you register and log into your Tokenview account, you will enter the main interface. Log in to the website to register an account:
Step 2: Set up the webhook URL
After the registration is complete, log in to the background of the API system, click [Address Monitoring] >> [Settings], and add the URL for receiving information. If you do not set it or set it incorrectly, you will not be able to receive push balance change notifications.
Step 3: Add monitoring address
Select the public chain you want to monitor and enter the address to be monitored. Currently, the tokens supported by Tokenview address monitoring API are: BTC, ETH (including all ERC20 tokens), TRX (including all TRC20 tokens), LTC, BCH, DOGE, ETC, DASH and RVN, etc., and addresses can be uploaded in batches. Once you have selected your currency, you can then add smart money addresses to monitor.
Step 4: Get smart money transaction information
Once you add a smart money address to monitor, Tokenview will start real-time monitoring of that address. Tokenview provides multi-dimensional data analysis so that you can better understand the behavior patterns and capital flows of smart money.
Users can get instant notifications whenever the tracked wallet performs a transaction, such as when funds flow in or out, or when the balance of an address changes. End users can receive the following valuable information: monitoring address, transaction hash, transaction time, main chain transaction amount, Token transaction amount, Token address and name, etc.
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Spotting "smart money" and tracking their investment movements requires continuous learning and research, while using appropriate tools and methods. By tracking social media activity, blockchain browsers, and address monitoring APIs, we can gradually understand the investment wisdom of "smart money" and obtain better investment returns in the market.