Solana Tracking Insiders Wallets (100x Strategy Guide) - How much I made

Introduction

This tutorial will guide you through the process of tracking Solana insider wallets using various tools and strategies. By understanding how to identify and track influential wallets, you can enhance your trading strategies, particularly in the memecoin market. This guide summarizes the methods discussed in JemJem's video, providing you with actionable steps to implement.

Step 1: Setting Up Wallet Tracking Tools

To effectively track insider wallets, you need to use specific tools. Here are some recommended options:

• Bullx Trading Bot: A comprehensive trading bot for tracking various wallets.

  • Join Bullx Trading Bot

• Ray Wallet Tracker: A tool for monitoring specific wallets and transactions.

  • Access Ray Wallet Tracker

• Cielo Finance: Offers insights into wallet activities and analytics.

  • Visit Cielo Finance

• GmGn Wallet Checker: Useful for checking wallet activities on the Solana blockchain.

  • Check GmGn Wallet

• Bird Eye: Another option for tracking wallets on Solana.

  • Explore Bird Eye

• PNL Checker Telegram Bot: For tracking profits and losses in wallet transactions.

  • Join PNL Checker Bot

Step 2: Finding Insider and Smart Wallets

Identifying insider wallets is crucial for following market trends. Here’s how to find them:

1. Use Tracking Tools: Utilize the tools mentioned in Step 1 to explore transactions.
2. Analyze Wallet Activities:
   • Look for wallets with consistent profit margins.
   • Follow wallets that are engaged in high-volume trades.
3. Check Social Media: Influential traders often share their wallet addresses on platforms like Twitter. Search for crypto influencers and analyze their wallets.

Step 3: Locating Influencer Wallets

Influencer wallets can provide insights into potential market movements. To find these:

1. Research Influencers: Follow cryptocurrency influencers on social media platforms.
2. Check Their Wallets:
   • Use tools like the Ray Wallet Tracker to input known influencer wallet addresses.
   • Monitor their transaction history for patterns in buying or selling.

Step 4: Monitoring Trends and Activities

Continuous monitoring is essential for making informed trading decisions. Here are some tips:

• Set Alerts: Use tools that allow you to set alerts for significant transactions in the wallets you’re tracking.
• Regularly Review: Check wallet activities weekly to identify any emerging trends.
• Join Crypto Communities: Engaging in forums and groups can help you stay updated on which wallets are gaining traction.

Conclusion

Tracking insider wallets on the Solana network can significantly enhance your trading strategy. By utilizing the recommended tools, identifying smart and influential wallets, and maintaining regular monitoring, you can position yourself to capitalize on market trends. Start exploring these tools today, and consider joining trading communities for further insights and support. Happy trading!