Looking for tools to identify profitable crypto wallets, especially for meme coin trading on platforms like Solana and Base? You’re in the right place.
This guide will introduce the best free tools to track and analyze profitable crypto wallets across various blockchains. Whether you’re a novice or an experienced trader, these tools can help you spot and replicate successful trading strategies.
A few months ago, following the surge in meme coin popularity, I decided to investigate profitable crypto addresses. My goal was to understand how successful traders operate and perhaps find some good traders to emulate. Although there were several wallet trackers for Ethereum (ETH), Binance Smart Chain (BSC), Base, Avalanche (AVAX), and others, finding good trackers for Solana was challenging at first. However, the options have improved over time.
Here are the best free tools to find profitable crypto wallets:
- DEX Screener
- Birdeye
- Dexwhales
- Arkhamintelligence
- Blockchain Explorers (Etherscan, Solscan, etc.)
- Zelfiguru
1. DEX Screener
DEX Screener is a comprehensive tool that tracks all decentralized exchange (DEX) trades, making it invaluable for meme coin trading and other DEX activities.
Key Features:
- Top Traders Tab: Each token page includes a “Top traders” tab, showcasing the top 100 profitable traders of a coin. You can view all their trades by clicking on the “TXNS” link of each address. This allows you to understand their trading patterns.
- Red Flags: Look for traders who sell without prior buys, indicating potential insider trading. Also, be cautious of traders who sell at peak prices, as they may influence the market.
2. Birdeye
Birdeye is excellent for checking the profit and loss (PnL) of Solana addresses, which some other tools do not support.
Key Features:
- PnL Tracking: Determine if a wallet found on DEX Screener is generally profitable or just successful with one coin.
3. Dexwhales
Dexwhales is a recent addition to my toolkit that facilitates many activities.
Key Features:
- Top Traders: Displays top traders of a coin and their profits across several coins.
- Trending Tab: See all wallets profitable in popular coins. Be cautious of wallets profitable in many coins as they might be bots.
4. Arkhamintelligence
Arkhamintelligence is a powerful tool for tracking wallets on Ethereum Virtual Machine (EVM)-compatible chains such as ETH, Base, AVAX, BSC, and Arbitrum.
Key Features:
- Wallet Tracking: Provides detailed wallet analysis and transaction history.
5. Blockchain Explorers
Blockchain explorers like Etherscan and Solscan are essential tools for any crypto trader.
Key Features:
- Transaction Tracking: View detailed transaction histories and wallet balances.
6. Zelfiguru
Zelfiguru on Telegram is a fantastic tool for analyzing wallet profitability and finding traders in the DeFi space.
Key Features:
- Wallet Profitability Check: Get a report on a wallet’s activity and profitability, find 100x coins before they are pumping, etc.
- Available for: Solana and Ethereum chain.
- Copy Trading: Follow promising wallets and set up copy trades.
How to Use Zelfiguru
1. Verify Wallet Profitability with Zelfiguru
- Copy the address of a promising wallet you’ve found on the other platforms.
- Access Zelfiguru on Solana or Zelfiguru on Ethereum.
- Use the command “/check [wallet address]” to generate a report on the wallet’s activity and profitability.
2. Evaluate the Results
- Review the Zelfiguru report to assess the wallet’s performance, including return on investment (ROI), win rate, and trading activity.
- Verify if the wallet is active and has generated consistent profits.
3. Copy Trade with Trojan Bot
- Launch Trojan Bot on Solana and navigate to the main menu.
- Click on “Copy Trade” and set up a new configuration by specifying the target wallet address and desired parameters.
- Initiate the copy trading process.
Summary
- Dexwhales: Great for finding profitable addresses.
- Birdeye: Best for checking PnL on Solana.
- Arkhamintelligence: For checking PnL on EVM-compatible wallets.
- DEX Screener: Ideal for digging into wallet transactions.
- Zelfiguru: Excellent for verifying wallet profitability and setting up copy trades for both Solana and Ethereum chains.
By using these free tools, you can identify and follow profitable crypto wallets, improving your trading strategies and potentially increasing your profits.
