93rd Edition
May 13, 2023
![Ethereum Stamped Newsletter](https://assets-global.website-files.com/62dbc7b9845489b67071ddff/62e42e3bcc8d7ec71357d160_Group%2012422742.png)
Hi there 👋🏻
It’s time for another edition of the Flippening, the only crypto newsletter you look forward to receiving in your mailbox every Saturday! 😎
🙏 The crypto buffs that write this newsletter need some motivation from you. We’ve changed the format of this edition of the newsletter to a more action-packed, insightful, and concise version. All you need to do is let us know your thoughts through the poll at the end.
![](https://assets-global.website-files.com/62dc012d99bfd6d68b5e31d9/646b305957c91edca60f0e9d_Frame_480962501.png)
Disclaimer: All price movements are recorded up to 03:30 PM UTC, 12th May 2023
It was a bloodbath across the crypto market with the weekend approaching. It seems that the memecoin frenzy might be starting to fizzle out.
Crypto simplified
![](https://assets-global.website-files.com/62dc012d99bfd6d68b5e31d9/646b305966fdd532ebbc0e86_image__12_.jpeg)
Cracking the Code
We always hear about smart money and the people associated with it. But wouldn’t you rather know how and where this smart money’s flowing before a massive rally rather than after all’s said and done?🧐
Well, today, we find out how you can track this smart money yourself.🔭
We will learn about two very understated yet incredibly powerful tools that :
- Dune Analytics: Blockchain analytics
- DeBank: Web3 portfolio tracker
Here is a TL;DR version of the process. Checkout the tutorial on YouTube that could make you a crypto buff: 👇🏻
(Yes, this is our very first YouTube video. Please show some love folks 🙏)
Here’s a very recent example that highlights the importance of research in crypto investing. The story starts roughly four weeks back.🗓
April 19th, 2023
Wallet 0x9e037b0d29daa93510fe095043506cb62272f890 (that name’s too long, let’s call it Wallet X) had $885k worth of holdings.
May 7th
Wallet X is worth $13.4mill.💰
That’s a whopping 15x growth in 16 days. So how’d this wallet clock these numbers?🤔
Well, instead of simply telling you, why don’t we show you how you can find out for yourself?
- Token Analyzooor’s the first stepping stone to success
- Go to Dune and search for Token Analyzooor (defimochi dashboard)
![](https://assets-global.website-files.com/62dc012d99bfd6d68b5e31d9/646b3059d9c8a8dbd41ccb3f_image.png)
- You can pick and analyze any token. For this example, we will stick to $PEPE, the ugly frog-faced memecoin that’s making the loudest noise in crypto at the moment.
- Copy PEPE’s token address. On Token Analyzooor, input:
→ The chain the token’s on ($PEPE is on the Ethereum chain)
→ The token’s address
→ The timeline for which you want to track
![](https://assets-global.website-files.com/62dc012d99bfd6d68b5e31d9/646b3059d9c8a8dbd41ccb3b_Screenshot_2023-05-13_at_4.08.34_AM.png)
- Filter through the addresses
- A large proportion of the addresses you see are either MEV bots or on-chain wallets of crypto exchanges
- Wallet X is one of the freshly loaded ones, and can be found with a bit of effort
- Analyze the wallet’s portfolio🧐
- On DeBank, input the wallet address and watch the magic unfold.✨
- You will now be able to access the wallet’s on-chain activity, their holdings, and their DeFi movements.📊
![](https://assets-global.website-files.com/62dc012d99bfd6d68b5e31d9/646b3059c10f2a9ee86c4a98_Screenshot_2023-05-13_at_4.19.52_AM.png)
- Investigate the wallet’s holdings and transactions
→ Loaded up with $885k on 19.04.23
→ Loaded up with $200k on 21.04.23
→ Loaded another $200k on 03.05.23.
→ Loaded another $230k on 04.05.23
And where’d all this money go? Well, the wallet owner bought insanely large volumes of:
→ PEPE
→ TURBO
- The results speak for themselves
- The wallet’s gain over a period of two weeks prove that these purchases could not have been timed better. In fact, the timing and volume of purchase makes it almost unrealistic.
Our takeaway: Did this wallet have any insider information? We do not know that. What we do know is that keeping a tab on these whale wallets can certainly provide an edge. Does this mean that you jump and copy any trade that these wallets make? Certainly not!
![](https://assets-global.website-files.com/62dc012d99bfd6d68b5e31d9/646b3059f5fef82c95c87a71_Frame_480962502.png)
Disclaimer: All price movements are recorded up to 03:30 PM UTC, 12th May 2023
The different sectors narrated the same story as the top cryptos. Not a very good ending to the week for the market. The silver lining to this is that the gas fees on Ethereum have started to go down.