Finding Profitable Wallets: The Early Buyer Filter Technique

Have you ever spent countless hours searching for profitable wallets to copy trade, only to end up frustrated and empty-handed? While OdinBot shares potential alpha wallets daily on their Discord server, here’s the catch: these publicly shared wallets often come with a significant drawback. When thousands of traders are watching the same wallets, the are high chances that many people might end up copytrading the same wallet(s) simultaneously, severely limiting your profit potential due to the sheer number of copytraders these shared wallets might have.

In today’s blog post, we will explore a simple yet powerful technique for finding profitable wallets that might not be on everyone’s radar yet. We’ll learn how to identify successful early buyers using a smart filtering approach that can help discover promising wallets that must be further analyzed.

While this technique works on any platform, we’ll demonstrate it using DexScreener to analyze Pump.fun tokens since they are very common and have a consistent supply of 1 billion tokens, making our analysis more straightforward.

Let’s walk through a real example using this token: FprQaYuyA4CN1f7UtLd7Vd1NR9vyACBy91cE8tiGpump

Notice how the contract address ends with “pump”: This is a quick way to verify it’s a PumpFun token. At the time of this example, the token’s market cap was $42.5M, with each token costing about $0.04271. Which means that if someone wanted to buy 0.5% of the entire token’s supply (5,000,000 tokens), he would have to pay $213,550.

Here’s where our filtering technique comes in. Since we want to find early buyers who got in at much lower prices, we’ll apply two simple filters:

  • Filter transactions by “BUY” type.
  • Look for purchases of at least 5 million tokens. (If this number returns too many wallet addresses, kindly increase this number to 7,10 or 15 million tokens, as it will retrieve less wallets who potentially bought the given token for much cheaper).
Thanks to this, we can find wallets that have bought a lot of tokens without disbursing a large sum of money (this only applies to tokens that have a considerable marketcap, since otherwise buying tokens with a very low marketcap does not cost much money, so it does not make sense to apply this technique to them).
 

When we apply these filters and scroll down, we start finding interesting wallets. Let’s look at what we discovered:

The first wallet we found bought 27,388,724 tokens for $2,581 (about $0.000942 per token), which means that it definitely was an early buyer. However, notice the red address color? This indicates the wallet wasn’t profitable trading this token. This is crucial because we’re not just looking for early buyers; we’re looking for successful early buyers.

Continuing our search, we found something much more promising:

This highlighted wallet started by purchasing 9 million tokens for just $1,284, then strategically built their position to 35.2 million tokens. Through well-timed entries and exits, they turned a $5k investment into $100k on this single token. The green address confirms their profitability, and their early entry with significant size is exactly what we look for in a potential wallet to analyze further.

After diving deeper into this wallet’s trading history, the numbers are quite impressive. With a perfect win rate over the last week and consistent profitability across all trades, this wallet demonstrates strong trading discipline. What makes it particularly interesting is their moderate trading frequency: It doesn’t overtrade, which often leads to better decision making and risk management.

 
Wallet Address: 8mVv6jHupEmLGcgEQyWbAq7rKUx6svKKFoJqnPcbneQW
 
Combined with their significant profit generation, this wallet could be an excellent candidate for copy trading if it aligns with your personal strategy and risk tolerance. Of course, as with any potential wallet to copy trade, make sure to monitor its performance (To learn how to monitor a wallet properly, please refer to this blog post) for a few days before making any decisions.
 

Remember: Before you start copy trading any wallet, you’ll need to do much more in-depth analysis of their overall trading history and patterns. This technique is just one tool in your research arsenal.

Closing Thoughts

Finding profitable wallets is undoubtedly one of the most time-consuming aspects of copy trading. It requires patience, attention to detail, and often hours of research. However, when you discover a gem wallet, the effort truly pays off. 

Remember, the key to successful copy trading isn’t about following the crowd or jumping on publicly shared wallets. It’s about doing the hard work to find those hidden gems that match your trading style and risk tolerance. While it might take time, the rewards of finding the right wallet to copy trade can make all those hours of research worthwhile.

Stay tuned for our next guide where we’ll dive deeper into analyzing wallet patterns and trading behaviors!