How To Track Crypto Wallets
As a beginner trader, tracking wallets can improve your security, give you more actionable information to trade with, and open up a new world of strategic possibility in the crypto-sphere.
What Does Tracking a Crypto Wallet Mean?
Crypto wallet tracking means looking at or monitoring transactions, balances, and activities associated with a specific blockchain address. You can either track your own or others, when you're tracking others, it's generally to keep a tab on their movements and get ahead of any trends that you can potentially cash in on.
Personal wallet tracking: Monitoring your crypto wallet address’ activity, balance, and transaction history to maintain security and track your investments.
Public wallet tracking: Following publicly visible wallets on the blockchain, such as those belonging to major investors (known as whales), projects (to see what they’re up to), or institutions (to gain insight into possible investments).
Why Would You Track Crypto Wallets?
The main reasons for tracking crypto wallets are pretty obvious: investment research for your own gains, market analysis to get ahead of trends, portfolio management and security monitoring both externally and internally of your own wallet.
Investment Research: Understanding how experienced traders and investors manage their portfolios can inform your own trading strategy, and can also help you discover coins you didn’t know about. Tracking “whales” - people with huge holdings in certain coins can help you know when to move your assets.
Security Monitoring (Internal): Keeping tabs on your own wallet's activity to detect unauthorized transactions. However unlikely it may seem, it does happen. You might even receive random scam airdrops that you need to be careful about.
Security Monitoring (External): Performing security analysis checks on other people’s wallet addresses is a growing trend, with new platforms offering cheap KYC services to the retail market.
Market Analysis: Identifying trends and patterns in cryptocurrency movements can also be done from some wallets, which may have different built-in tools and features to help you.
Portfolio Management: Maintaining an overview of your crypto assets across different chains and platforms is critical. If using MetaMask, for example, you need to be able to track your holdings across different chains, such as Ethereum, Arbitrum, and Polygon, for example. Failure to do this could mean coins getting lost somewhere.
Side note: A while back, I was left unpaid by an agency for an article. The agency claimed they couldn’t pay until their client had paid them. So I found the client’s wallet address in their transaction history and saw that the agency was holding over $20m in funds.
On top of that, the agency had already been paid by their client several days before, which could be confirmed through their on-chain transactions.
I took no action, but it was a breakdown of trust with the agency making me reluctant to work with them again. It’s important to know that your on-chain activity is transparent, so lies or fraudulent behaviour can be quickly exposed.
How To Find The Best Crypto Wallets To Track
Now that you are aware of your power to go and track other people’s wallets, you’ll need to know how to find them. It’s not like there’s a big public directory with people advertising their wallet holdings and addresses.
Use curated lists - Tools like Telemetry give you pre-vetted lists of KOL wallets and proven traders so you can skip the guesswork.
Follow the whales - Look for wallets making large, market-moving trades. You can spot these by watching big transactions on blockchain explorers like Etherscan, SolScan or BscScan.
Check leaderboards - Some analytics tools rank top-performing wallets by ROI, trade frequency or win rate.
Watch project insiders - Track wallets linked to project devs, founders or early backers to see when they buy, sell or move tokens.
Scan NFT mints and DeFi farms - Early activity in hot mints or liquidity pools can be a sign of a well-connected trader.
Spot consistent winners - Look for wallets with a solid track record over time, not just one lucky trade.
Use community intel - Crypto Twitter, Discord and Telegram often share wallet addresses tied to big calls or influencer trades.
Red Flags When Tracking Wallets
Short-lived success - One good trade does not make a wallet worth tracking.
Pump and dump patterns - Avoid wallets that jump into a coin, hype it up, then dump it quickly.
Copycat wallets – Some wallets simply mirror big trades without a real strategy.
Dormant activity – If a wallet has been inactive for weeks or months, it may not give you timely signals.
Obvious scams – Be careful with addresses linked to rug pulls, phishing, or fake giveaways.
Pro Tip
If you are new to wallet tracking, start with a small list of 5–10 wallets that have proven track records and clear strategies. Add more only when you are confident you can follow and act on the information without getting overwhelmed.
Best Tools for Finding Crypto Wallets To Track
Here’s how various tools stack up, and how Telemetry elevates your tracking game.
Standard Tools
Blockchain Explorers (Etherscan, SolScan, BscScan): Essential for manual inspections and you can view balances, transfers, and on-chain behavior.
Portfolio Managers (Zapper, DeBank, Zerion): Great for multi-chain portfolio tracking, DeFi exposure, and transaction overviews.
These are effective, but often reactive, slow, or cluttered by noise.
Telemetry
At Telemetry, although we started as a Telegram trading bot, we've recently launched our cross-platform trading terminal Telemetry where you can track wallets. And you're going to want to!
With Telemetry you have:
Sub‑millisecond real-time wallet tracking: See trades not seconds later, but the moment they hit the chain.
Confluence detection across up to 800 wallets: Instantly highlights coordinated movements and momentum before the rest of the market reacts.
Live overlays, tags, emojis, audio cues: Trades are marked on charts, tagged visually, and even announced with “plink” for buys and “plonk” for sells, so you never miss a cue.
How To Start Tracking In Telemetry
Import wallets manually or pull in curated lists such as KOL wallets or top-performing traders.
Tag wallets with names or emojis so you can quickly identify them across all dashboards.
Enable confluence alerts to instantly detect overlapping trades and coordinated market activity.
Watch real-time streams and chart overlays so you can act on opportunities the moment they appear.
What to do Next?
Now that you’re on the right track and have a strong understanding of how to track crypto wallets, you can now start taking your tracking and trading efforts to new heights.
Try Telemetry today and unlock the full potential of your crypto trading strategy.