The first form of onchain analysis is understanding the storekeeping book of any ecosystem you are in and today we are using
@solana as a case study. On there, you can see which trading platform is gaining the most volume so you know where and where money is coming from and also you can use that to check out wallets.
Now when it comes to looking for wallets, there are key things to look out for, which are:
1. Date/Time
2. Supply the wallet is holding
3. The amount the wallet bought with.
Lets break it down
1. Date/Time: This is one of the fastest way to narrow down any wallet you are looking for while doing onchain (if by any chance you see someone post about a token and you are trying to look for his wallet, this is an efficient way. For example, an alpha caller posts a token and he is pretty good at it and you want to look for his wallet, you look at the time he posts his tokens and try to narrow down those that bought 10 to 30 mins before he posted the ca (to get the exact wallet, you try to check for other tokens the caller has dropped))
2. Supply: This is the most correct and accurate way to find a wallet as it is rare for more than one person to have the same exact supply. What does it mean, it means that if person A and person B buys into a token at the same time with the same amount, there is certainty that person A buys into a token at lets say 5k mcap, by the time the traction of person B will go through, it is either there is a slight pump or dump on the token. This way the supply they will get at the end of the day will never be the same even if they buy with more money.
3. Amount($) : Now this can be tricky, however, it is one of the ways to narrow down a wallet. Why is it tricky? Most of the time, When you buy: Your buy or sell moves the price slightly or heavily depending on your buy, Or the price changes while your transaction is executing. So lets say you executed an order with $100, on solscan, the price wont be the exact amount due to reasons like slippage, gas etc. Now imagine trying to look for a wallet with a particular amount. However, if you prompt it right, you can strike the goldmine.
See you on the next one