If you’re new to crypto one of the most important things to learn, especially when joining communities, is to be able to decipher truth and fact from word magic and smoke and mirrors.
Whales and scammers (and “devs”) prey on noobs because of their lack of experience combined with naivety. They know noobs are clueless when it comes to watching and tracking wallets and transactions, making it easy for them to manipulate communities and token price.
Do yourself a solid and learn how to read between the lines by studying the blockchain, and use tools available to help you decipher what people are saying vs their actions. This will give you an upper hand in being able to see what is happening in the tokens you’ve invested in.
Hands down one of the best tools for DYOR on Solana,
@TTFBot. TTF Bot allows you to track tokens and wallets of the top holders. You can use it directly or add it to a channel or group.
You can see all the top linked wallets of the top holders, which makes it harder for whales to hide how much supply their actually holding by divvying up their holdings across multiple wallets, and makes it hella easy to track their wallets.
@TTFBot also allows to you see all the top wallets in a bubble cluster, similar to
@bubblemaps, right from TG, which gives you a quick visual of how big the wallet clusters are.
Of course, tools like these cannot tell you why people do what they do, but they can certainly help you track their moves, spot when they’re manipulating the market, track their sells, and prepare you in the event they dump.
Below is an example of how
@TTFBot can help you spot nuances in wallets and holders. One individual has been accumulating a very large percentage of the supply.
@bubblemaps takes the clusters a bit farther and shows they own 22.725% of the supply (a month ago they owned 11%)…