How to Actually Find Profitable Wallets: Complete Guide
Locating suitable (and copytradable) wallets can consume plenty of time, particularly if you hope to uncover a hidden gem offering huge returns. There are many free ways to spot interesting wallets aside from OdinBot’s shared alpha wallets, and we will cover them in this blog post!
Keep in mind that no approach is inherently superior or inferior. Each strategy has its own strengths and drawbacks. What they share is the need for patience and continuous effort. There is no simple shortcut, but alternatives.
OdinBot’s Discord Server
The OdinBot Discord community often identifies up to 50 high performing trading accounts each day. View these as initial leads rather than an instant road map for trades. Carefully evaluate each one before you copy-trade. Avoid blindly mirroring what these accounts do.
When looking at OdinBot’s shared wallets, remember:
- Past Trading Record: Check the wallet’s complete transaction history. Emphasize consistent gains over one-off wins. If you need more assistance on how to correctly analyze a wallet, please refer to our recent guide.
- Investment Safety: Even top-tier wallets can have losing streaks. Only invest sums you can handle losing, and start with smaller amounts to gauge results. If you see that the given wallet is safely making you profits, consider increasing the buying size.
- Due Diligence Steps: Verify account activity using different platforms such as GMG and Solscan. Cross-checking helps confirm trading patterns and spot risks.
There is no flawless account that you can simply copy-trade without deeper thought. Your own research and analysis will always be critical.
Dune Dashboards
Dune.com is an advanced analytics platform utilized throughout the broader crypto space. One of its specialized dashboards tracks around 1,500 high performing wallets daily, offering helpful metrics such as trading volume, profit ratios, and past results.
Anyone can access Dune for free, meaning other traders may attempt to follow the same patterns, yet it remains a strong entry point for discovering worthwhile opportunities.
You will also notice how clearly the dashboard presents real time activities and historical data. Use it as a foundation before launching more in-depth research or finalizing your trading strategy.
If you want to learn more about other Dune’s tools, please refer to our official docs: https://docs.odinbot.io/tracking-academy/tools/for-finding-wallets/dune-dashboard
Gmgn.ai
Gmgn.ai is recognized as a powerful tool for finding intriguing wallets, thanks to its specialized features and AI driven analytics.
Although you can use it for trading, tracking, and analyzing wallets, it truly shines for locating them. Below are two methods to do that:
First Approach: The Copy-Trade Section
In this section, you will see a daily list of wallets that GMGN considers suitable for copy-trading. While this might sound appealing, remember that it is available to everyone, which means you must still do your own research before copy-trading these wallets. Do not just import them into OdinBot
Inside this category are six subcategories:
- All: Shows every wallet
- Pump SM: Smart Money wallets trading pumpfun tokens
- Fresh Wallet: Newly funded accounts with only a few trades
- KOL/VC: Verified X (Twitter) influencer or VC wallets
- Snipers: Wallets that focus on sniping fresh token launches
No single category is the best. It is wise to explore them all to find which fits your copy-trading style.
Second Approach: Manual Token Investigation
To use GMGN for wallet discovery, open a token’s chart (by pasting its contract address in the top search bar). In addition to other features, you will see a Holders Tab containing several subcategories.
Below is a short explanation of each:
- Smart Traders: Accounts that achieve steady profits following disciplined strategies, rather than random luck
- KOL/VC Traders: Verified influential investors or organizations that can sway market sentiment
- Fresh Discoveries: Recently active wallets showing exceptional early returns; these may still be under the radar
- Following List: A personalized watchlist of wallets you want to follow
- Insider Activity: AI flagged addresses that appear to have outstanding timing, often moving prior to significant market changes
- Phishing Wallets: Known malicious accounts. They are clearly marked to help protect users
- Bot Degen Trading: Automated wallets that trade aggressively at high volumes; though potentially profitable, they can pose large risks
Concentrate on everything except Phishing and Bot Degen, as those are likelier to cause losses. Again, always do your own research before copy-trading a wallet. Do not rely solely on any label.
Top Traders Section of a Token
Nearly every DEX or charting platform you use will have a “Top Trades” or “Top Traders” section, highlighting wallets with the highest PnL for a given token.
In DexScreener, for example, you might see two basic types of wallets:
- Wallets that sell more tokens than they bought: This means they had tokens transferred in from somewhere else. You would need to investigate further (using Solscan or another Solana explorer) to see where they came from. These addresses typically appear as “Unknown” in the Balance tab.
- Wallets that sell the same or fewer tokens than they originally purchased: This indicates all their trading occurred in that single address, so there is no external path to track. An example is Wallet 2, which displays more information in its Balance Tab.
Photon, Defined.Fi, GMGN, and other charting tools show basically the same concept with slight data variations.
The “bad” part with using this approach is:
- These wallets are easily accessible by everyone; hence anyone who browses to the “Top Traders” section tab of the given token will see the same wallets as you do, making them heavily copytraded.
- These top traders’ wallets make a lot of money because they buy with a lot of size (even thought this is not a strict rule), so if you can’t afford this, think twice about using this approach for finding good wallets.
- As we stated before, most of this top traders do get send the tokens from a different wallet address (and sometimes from many addresses at the same time), which means that you have to spend extra time digging deeper.
- Not always, but many times you’ll find out that those top traders who made a lot of money with a little investment is because they literally snipped the token’s launch in the first block, which isn’t doable unless you have a custom sniper bot.
As a wallet example of the point 4, let’s have a look at this one: BECep66KrL7NbUNHq3qyPcMrUTokZbuTxXNCkkceM5w
If you check the chart of the given token and where the wallet bought, you’ll soon realize we are analyzing a sniper, which uses very specific type of software to snipe the token within the first seconds. Hence, we really recommend avoiding this type of wallets, as your entry price will be much worse than the target wallet’s.
Time Filtering Before Pumps
oThis strategy is pretty straightforward. It consists in identifying tokens that had a pump outta nowhere and trying to identify the wallets who bought right before. To apply this technique you have two options:
- Apply time filtering manually (in any platform of your choice, such as Photon, DexScreener, Gmgn.ai etc)
- Use Defined.fi
In both cases, we will apply time filtering showcasing how to do both approaches.
First of all, to find this kind of “out of nowhere pump” type of tokens, you can use the following dexscreener filters:
This will apply the filters automatically, You just have to sort by 6h gains and you’ll be displayed with the biggest 6h gainers.
Taking as an example the first token, it’s chart looks very promising; It was dead and all of a sudden it had a crazy pump:
In this case, these are the timestamps we would filter the wallets in:
Additional filters applied:
- Specific TimeStamps Date Filtering
- Type: Buy
- Sol : At least 0.5 (This can be customized according your strategy)
Once you apply this settings, ONLY pay attention to the wallets that have their address in green, which means that they made profit trading the token.
Now.. it’s all about time & filter until you find a good wallet.
For example: 86s2Q2xnkqww3D65moFdsApDUuY31kvxgVi2CkcNtDpQ (Picture Below) bought right before the pump, securing an impressive $5,000 profit!
Defined.fi
Defined.fi: This is another charting platform (can also be used for tracking and trading) but with an unique feature: If you click on any candle, it will display all the trades that were executed in it.
The bad part is that you can’t click many candles at the same time.. but still useful
Closing Thoughts
By combining these methods: Discord channels, analytic dashboards, AI enhanced tools, and direct on chain research, you can place yourself in a stronger position to find wallets that suit your risk profile and goals.
Nevertheless, as you did already see (and experienced yourself): Finding a good wallet that is actually copytradeable takes a lot of time, so don’t get discouraged! It’s all about digging deeper until you find the precious gem you have been looking for so long!
Always remember that no matter which method you choose, you must investigate thoroughly and verify your findings before committing funds to copy-trade someone else’s moves.