What are crypto whale trackers and how do they work?
There are dedicated solutions to track the actions of crypto whales. Conversely, if cryptocurrencies flow out of exchanges into wallets, it is considered a precursor to a rise in price. Oftentimes, a whale could buy cryptocurrencies on an exchange and move them into their wallets in large volumes. For instance, they may send Bitcoin to a wallet that will send USD Coin (USDC) back, resulting in a sale of BTC without the market spotting the transaction. Most NFT communities have large holders of the collection. Tracking the behavior of wallets of these whales can help investors make quick buy/sell decisions. Source -Coin Telegraph. #crypto#Market#cryptocurrency