Hello,
In some news, it is written that the whales of a coin or token have tried to sell or buy that coin or token, and in this way they recognize the time to buy or sell that coin or token. How can I see the transactions?
Thank you.
When tracking the movements of whales in a particular coin or token, it often involves analyzing transactions on the blockchain. Whales, typically large holders of the cryptocurrency, can influence the market with their buy or sell actions. To observe these transactions, you can use blockchain explorers specific to the cryptocurrency's network.
For instance, if it's an Ethereum-based token, you can leverage Etherscan to explore the transactions. On the explorer, you can search for the wallet addresses of known whales and monitor their activities. Large transactions, especially those involving significant sums of the token, can be indicative of potential market moves.
It's crucial to pay attention to both buy and sell transactions, as they can provide insights into the sentiments and strategies of major holders. Analyzing transaction patterns and volumes can help you make informed decisions or understand market trends.