Step-by-Step Guide to Finding Wallets for WalletX (FREE VERSION)

Quick guide on how to find wallets for WalletX so you can start scanning them and finding profitable traders to copy using the free version.

Step 1: Accessing Dex Screener

Go to Dex Screener:

Visit Dex Screener to find coins with decent liquidity. Avoid coins with low liquidity, such as those with only 3K-6K liquidity, as the wallets trading these coins may have a high price impact, which can negatively affect your trades.

Selecting a Coin:

Select a coin with liquidity higher than 30K. This should provide plenty of trading data and more reliable wallet activity for scanning and copy trading.

Step 2: Finding Top Traders

Once you select a coin, go to the Chart section on Dex Screener.

Click on the “Top Traders” tab. This section shows all the winning traders trading this coin.

Analyzing Top Traders:

  • Avoid Dev Wallets and MEV Wallets: If a wallet didn’t buy any tokens or has an unusual trading pattern, it might be a developer (Dev) wallet or a Miner Extractable Value (MEV) wallet. These are not suitable for scanning or copying as they don’t reflect real trading strategies.
  • Avoid Rapid Traders: Be cautious with wallets that trade too quickly, such as buying and selling within seconds. These wallets often use bots, and copy trading these might lead to potential losses due to rapid execution times that WalletX might not capture efficiently.

Step 3: Identifying Promising Wallets

Finding Promising Wallets:

Look for wallets with consistent patterns such as buying in bulk and selling in multiple smaller transactions. These behaviors indicate steady and profitable trading activities, making them ideal candidates for scanning in WalletX.

Example Wallets:

  • Example 1: A wallet that bought $63 worth of a coin in one transaction and sold in 19 transactions with a significant profit is promising. Such wallets are good candidates for further scanning in WalletX.
  • Example 2: Another promising wallet might be one that bought in three transactions and sold in eight, showing a steady and profitable trading pattern.

Copying Wallet Addresses:

Click on the wallet in Dex Screener to open its Solscan link, then copy the wallet address. Paste the copied address into WalletX for analysis.

Step 4: Using WalletX for Scanning

Entering Wallet Addresses:

In WalletX, paste the copied wallet address to scan and analyze its trading history and profitability on both Solana and Tron blockchains.

Analyzing Results:

Review the results provided by WalletX, which will display the wallet’s 30-day trading history, performance metrics, and profitability. Based on this analysis, decide whether the wallet is worth copying for your trading strategy.