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Follow the Money: Finding Top DEX Traders for Your Crypto Alpha

    Have you ever stumbled upon a golden goose of a wallet in crypto- a wallet that’s managed to make a staggering $100-200k+ in realized profits, flawlessly trading tokens at the optimal time and price? If such a trader could be pinpointed for every token of your interest, wouldn’t your crypto research and insights be in a league of their own?

    In this blog, we will dive into who are DEX Traders exactly, how to find the best of them with the highest realized profits for every token, and what to do after finding these top wallets.

    Through on-chain analysis platforms like Alphanomics, you can dissect the trading patterns of successful DEX traders, drawing a roadmap towards potentially profitable trading strategies.

    Let’s jump in!

    DEX traders are individuals or entities actively trading cryptocurrencies on decentralized platforms as opposed to centralized exchanges (CEXs). The appeal of DEXs often lies in their wider range of token offerings, albeit with a higher risk profile.

    DEX traders typically use self-custodial wallets like MetaMask or Rainbow for trading and safeguarding their crypto assets. The decentralized nature of DEXs means all trades are recorded on-chain, making the transaction history of DEX traders publicly available.

    Platforms like Alphanomics harness this transparency to analyze the trading behavior, wins, and losses of DEX traders, providing a treasure trove of data for those seeking to enhance their trading acumen.

    The Difference Between Top DEX Traders and Smart Whales

    Top DEX traders and smart whales are both critical players in the crypto ecosystem but with distinct modus operandi. While top DEX traders excel in identifying and capitalizing on trading opportunities, smart whales often accumulate substantial holdings of particular tokens, usually at an early stage when prices are low, and hold them through market ups and downs.

    Top DEX Traders are also the ones who have realized their profits by exiting their position while Smart Whales tend to accumulate and rack up the unrealized gains. A top DEX trader, with a keen eye for market trends, can potentially turn a modest sum into a fortune through well-timed trades.

    An illustrative case is the trader who turned $260 into millions trading $PEPE on a DEX. This trader (awtysm.eth) invested about $260 to acquire 5.9 trillion $PEPE tokens. Over time, as the value of $PEPE tokens increased, he sold around 56% of his holdings, making over $4 million in profits. The remaining balance of 2.56 trillion $PEPE tokens was valued at more than $6 million at the time of reporting. Such anecdotes showcase the immense potential for profit in decentralized trading venues.

    awtysm.eth using Wallet Deep Explorer

    Finding Top DEX Traders

    Alphanomics PRO offers a feature to track the top DEX traders based on their realized profits for any given token. By merely entering the token’s name in the search bar, and navigating to the ‘Top DEX Traders’ tab, users can access the entire list of top traders for that token. It shows their:

    • – ROI%
    • – Wallet Addresses
    • – Total Realized PnL
    • – Other Tokens in the Traders’ Portfolio
    • – Last Received and Sent Dates for that token

    This feature is a gateway to understanding who the high-rollers in the DEX space are and what tokens they are betting on.

    Top DEX Traders (NEIRO)

    What Can You Do With This Info?

    Armed with the knowledge of top DEX traders’ activities and their wallet addresses, you can opt to mimic their trades, albeit cautiously given the inherent market risks.

    Using the Wallet Deep Explorer on Alphanomics, you can investigate these wallets further to identify their other wins or losses and get a more holistic view on their on-chain trading activities.

    In this tab, you are also able to view the exact time and price a particular trade was executed, with any of the token in the trader’s portfolio. It is easily visualized as shown below, giving you the perfect overview: 

    Tracking Trade Executions with PnL on Wallet Deep Explorer

    Additionally, if a top DEX trader is heavily involved with a token you own or looking to open a position in, adding their wallet to your watchlist and setting up smart alerts on Alphanomics could be a prudent move. 

    Notifications on trading activities via Telegram, Slack, or Discord allow users to stay updated and make informed decisions based on market movements and the actions of seasoned DEX traders.

    Staying Updated With Alerts

    Here’s how you can quickly set up alerts on Alphanomics:

     

    1. Set Your Criteria: Input the Top DEX Traders’ addresses you want to monitor and specify the transaction value thresholds or any other conditions of interest.
    2. Stay Notified: Once a Top DEX Trader’s transaction aligns with your defined criteria, Alphanomics instantly sends you a notification through your preferred communication channel, be it Telegram, Discord, or Slack.
    Setting Up Alerts on Alphanomics

    In a nutshell, setting up alerts streamlines the process of keeping an eye on Top Traders’ activity, ensuring you never miss out on vital investment opportunities.

    Be A Step Ahead In Finding Alpha

    In the fast-evolving crypto markets, staying ahead is imperative for success. Analyzing the strategies of top DEX traders provides a lens into the profitable trading opportunities that decentralized exchanges harbor.

     

    Alphanomics, as an on-chain analysis tool, serves as a conduit to uncovering these opportunities, potentially paving the way for the next 100x crypto investment opportunity. Embark on your alpha hunting journey with Alphanomics and navigate through the waters of DEX trading with an informed compass, ready to seize the opportunities that lie ahead. Sign up here!