Bitcoin Forum

Hi guys,
I'm now working on a tool to analyze token flows between ICO wallets, since they are able to influence market price significantly.
You will be able to monitor:
1. Eth movements of ICO project's main wallet.
2. ERC20 token movements of ICO main wallet.
3. concentration index of individual tokens.

here is some demo as a twitter account.
https://twitter.com/theWhaleAlert

Currently the threshold is set to
1. 10,000 usd for erc20 tokens
2. 500,000 usd for eth

follow movements of crypto whales  ;)

rating of their ICO.
price of their ico or this already included on number 3 ?
btw , is that avaliable on android ?

This is really a great idea, with so much market manipulations in the market recently one would be a ble to plan what and what to hold. I think if you can be specific where the tokens are moving to, because now we are having increase in OTC trading, also how will you deal with wallet hack or exchange hack

Great idea add some rating as all said
ico price also if u can show some signs for social media
grow for each project,guess is a good idea
thanks

This is a huge innovative idea and worthy of commendation. ETH movement of ICO mean of wallet is very key, as it tells where it is moved to and for what purpose.

How will it detect manipulation or wash exchanging? For example a whale could move a lot of money in circles just to make that tool give out an alert, especially if it knows a lot of people are watching it,,, and then after desired effect is achieved, just move away? I do see some usefulness in this, but every tool is open to abuse or in fact encourages it when people know the tools help people make decisions.

So, basically you are concentrating on Ethereum and ERC20 based tokens alone. May I ask the reason for this? Do you also have any plans to develop a tool for other platforms other than Ethereum?

We sill support other blockchain tokens as soon as possible.
Which would you guys recommend?

I've just created an telegram chat group, please join!
https://t.me/joinchat/GO2EoEb1y5tb0Q52TBgDHQ

If your tool is available as an application, you need to provide open source. Caution is very important in crypto. People should be sure that this is not an attempt at fraud.

Definitely a great idea, looking forward to seeing how it turns out. Where do you plan on getting the whale addresses from, just going to scrape the blockchains? Also, how will you filter exchange addresses from the list, maybe you should have some community contribution plan so that we can all contribute to a full database.

WHALE MOVEMENTS.

It seems a good idea, do you plan to develop also for mobile phones (ios and android) or only web/pc/mac?

You will be able to check the authenticity of any given alert on etherscan.io  :)

Sounds interesting I'm looking forward to checking that tool, it will help the community is this tool unique and open sourced I hope you can still make it free and no upgraded version sometimes these kinds of tools needs upgraded version to use all the functionalities.

It sounds as very good idea but why are you concentrating only on ICOs and Eth smart contract tokens? Try to consider adding more coins even those old ones comparing different markets now and over past time  (at least 2 - 5 years full study). 

We plan to add other coins in the future, join our tg channel to follow up :)

We might need some tagging in order to figure out the destination of tokens.

I agree with this. Span across the whole crypto-market!

looks great! When will it launch?

I've just launched and be sure to let me know what features do you want to add!

Looks nice, could be setup a notification of some sort if the volume exceeds X. Maybe if it was an android app, it could be done.

This is wao idea and it will help us to effectively monitor market manipulations by the big wings. It will also be good if you can track where the token is going due to increasing of OTC trading platforms. I will monitor the development.

correct. I agree with you. with ideas and ideas like, the scammers will find it difficult to plan and cheat the market. so we can be more specific to holding the token that is moving in the market price.

It is great idea to monitor the the whales movements, but the problem is if you make it public the whales will know it as well and
can trick us out and confuse with moving their coins around.
I am also following and analyzing the movements  for some specific ICOs but it is time consuming and I would like if there would be a tool to get the information easier.

One way to fix the issue you are talking about is for him to implement cross-chain analysis to detect such movement.

It could be very useful instrument but I see that there is many transfers between different unknown wallets and I just do not understand how to interpret this information. It could be great illegal deals and those coins maybe will not be exchanged to fiat.

This is what I need!

love it

you did a good job. well, congratulations. but whales don't seem to be as open as they used to be. the whales are now more secretive. they are avoiding fluctuations and speculation.

indeed, it is very difficult to determine which coins are worth keeping because there are so many coins that might be very difficult to be able to rise even when the market is improving because there are many coins that have lost interest especially when there are new coins that have good potential

Nice work man. I like most the 3rd one, concentration index of individual tokens. Since most ICO knows that the community already know their wallets containing the tokens, they may not bother to move it most times and they might have even been locked for some months. So what they do is that they can create many other new personal wallets and move funds there during ico and it will look as if they are investors wallet. So they can afford to move large tokens out of them to sell them to the unsuspecting buyers in exchanges

This is a good idea as it will help every project be cautious of how they easily move tokens from their wallet to exchange for price manipulation. Keep it up and keep us all updated with your progress on getting necessary data.