As technology continues to rapidly advance at a pace that was never seen before, so are efforts being made by developers to minimize the chores of people in their day-to-day lives using new tools, thereby simplifying almost everything.
Memecoins trading, in other words, degen trading, is highly speculative and one of the most riskiest digital hustles out there, with the exception of gambling.
You need tools and technical knowhow to be able to navigate through the onchain data of blockchain explorers, find a profitable wallet, track its trading activities, or even copytrade the wallet after you did your own research.
Solana memecoins are not dead yet!
It is laughable whenever someone on whatever social media platform makes remarks that trading Solana memecoins is a time wastage.
You can still make a handsome return trading Solana-based tokens if you know how to navigate through them and stay away from the rugs.
This article will guide you on how to find and track Solana wallets of losers, profitable traders, or whale traders using free tools and Telegram bots.
{tocify}
There are so many benefits associated with wallet tracking.
But let’s talk about Telegram wallet tracking bots and their features first, then we can dive in to other sections of this article.
What is Telegram Wallet Tracking Bot?
Telegram wallet tracker is an embedded in-app mini-application that allows you to track and monitor the activity of single or multiple wallets in real-time.
Most of the Telegram wallet trackers were built for a specific blockchain, while some support multiple blockchains.
That means Solana Blockchain-supported tracking bot won't track Tron or Ethereum blockchain wallets.
Features of Telegram Wallet Tracking Bots
- Activity monitoring: you will receive an alert every time the wallet you are tracking receives, transfers, buys, sells, or burns rugged tokens.
- Wallet management: you can add, delete, copy, pause, and block a wallet you are tracking.
- Multi-wallet tracking: ability to track multiple wallets of the same blockchain.
- Customization: ability to customize your tracking bot according to your preferences.
- Upgrades: If the free version is not enough for you, you can upgrade to PRO or a dedicated bot plan.
- Referral: You can refer your friends and earn commission.
- Trade execution: on some bots, you can easily buy and sell tokens.
How to Find and Track Solana Wallet (Profitable or Not)
In the following step-by-step guide, I will show you how to exactly track any Solana wallet using Telegram bots and other tools that are completely free.
To begin, follow the below steps:
Step 1: Using DexScreener
Go to dexscreener.com or download its app on Playstore or Appstore, find Solana memecoin that recently performed well, and click on it to launch its dashboard.
For the purpose of this tutorial, we will analyze $OVO memecoin because the token performed well. It did over 39x in the first 4 hours after its launch.
Step 2: DexScreener Top Traders
In the navigation menu located at the middle of the screen on PC, on mobile at the bottom of the screen, click on Top Traders.
As you can see, we have a lot of top traders who made a quite handsome return trading $OVO memecoin.
Now, we need to look closer to differentiate between developers’ wallets and the wallets of real traders.
Here is what you should keep in mind while checking:
- Any wallet that bought, let’s say, 3 million and sold 10 million is a developer’s wallet.
- Any wallet that didn’t meet the above criteria, just skip it.
Step 3: Using Solscan.io
After you have selected the wallet you want to track, the next thing to do is click on the external link next to it in the EXP section, and you will be taken to solscan.io.
When you are at solscan.io, just copy the wallet’s contract address and close the tab.
Step 4: Using Birdeye.so
Visit birdeye.so, in the homepage search bar, paste the wallet address and click on Search.
If the wallet is that of an active trader, then you’ll see an option to view the onchain trading data of the wallet. Just click on the wallet address to view its dashboard.
However, if it isn’t that of an active trader, you will be welcomed with a NO DATA message.
Note: When you receive a NO DATA message, that means you need to repeat the process until you find the wallet of an active trader before you can be able to view the profits or losses of that wallet using Birdeye.
In the dashboard, scroll down to the Trading Profile section and navigate through the profits and losses of the wallet in the past today, yesterday, 7 days, 1 month, 2 months, and 3 months.
If the wallet’s profits in the past 1 day to 1 week are positive, and week to month are all positive, that means that trader’s wallet has been profitable recently and it is a good wallet for tracking.
If it is negative, that means that trader is losing funds consistently for the reason only known to him.
Step 5: Using Telegram Bot
We have found a wallet to try tracking, even though he didn’t make that much in the last 7 days. Still, for the sake of this guide, we will proceed with tracking the wallet using Telegram bots.
If you don’t know which wallet tracker to use, then read this post about the 3 best Solana wallet trackers.
We will use Solana Ray Wallet Tracker to track this wallet: 4fPAuf1HvpkNagUaPTizJEk6TrVoo7oXcUnCvMYsz9ct
To track it:
Launch your Telegram app, search for @solana_notify_bot, and start it.
Click on the Add button, then paste your wallet address with its label in this format: WalletAddress1 Name1 and send.
You will receive a notification alert whenever the owner of that wallet swaps, transfers, or does any activity on his wallet.
That way, you will keep track of his activities and ape in together with him on some memecoins that he aped in. But always don’t forget to do your own research before aping.
How to Find and Track Profitable Solana Wallet (Video)
In this video, we explained on-screen how to find and track wallet of profitable traders trading Solana-based memecoins.
Conclusion
Finding and tracking traders trading Solana-based memecoins was made easy in this guide with our YouTube video.
It is time to get ahead of them all!
If you are interested in more contents or airdrops like this then don't forget to follow us on Telegram, X(Twitter), Facebook, and Subscribe to our YouTube Channel that is where the real treasure is!
){kind=link}