Let's talk about how to quickly and easily find a project's whale's chips. How can an ordinary newbie determine a project's whale's control chips? Actually, using the data on GMGN makes it easy to see. Let me share my usual three-step process. 1. GMGN Integrated Faster100 GMGN's integrated Faster100 allows you to clearly see the control situation of the chips. Moreover, GMGN offers a free version. The image below shows the chip distribution of the token com, where you can clearly see a very large associated cluster, accounting for 50.42% of the chips. This cluster includes an address claimed by the project party to have 40% locked chips, and another 10% address also controlled by the project party. If you bought com, then just pay attention to the 10% secretly controlled by the project party. When they sell, you sell. In the image, you can also see several address clusters, such as the yellow cluster with 5 addresses and the green cluster with 7 addresses. These are generally controlled by the project party or whales. However, Faster100 has not found evidence of their association. You can delve deeper into the browser. Sometimes we can see 2~3 clusters, usually large holders, who sometimes perform split operations. The entrance to Faster100 is relatively hidden, located to the right of the selection of activities, pools, and holders, right next to the one-click buy and sell. In the image below, I have circled it with a red box. 2. Holder Data GMGN provides holder data for projects, including holding ratio, sol balance, and source of funds. The most useful data is the multiple in the total profit. Because if the whale bought the cheapest chips, the data shows a particularly high multiple. The image below shows the whale of ODOM, where you can clearly see many addresses between 3000%~400%. Then take a look at the last active, total buy-in, and total sell-out data, which are basically consistent. You can determine that these are addresses controlled by whales. 3. Blank Addresses Blank addresses refer to those with total profit, total buy-in, and total sell-out all at 0. For example, the red box in the image below. This is because the tokens of these addresses were not bought but transferred from other wallets. It's a method whales use to hide chips, transferring bought tokens to other wallets. When encountering blank addresses, you need to click into them on GMGN and check the page of this address. See if it holds other valuable coins and if there are any transaction records. If there are quite a few, it indicates a real person address, not controlled by whales. Next, you also need to click into the source address of the funds for this address. Similarly, check if there are transactions of other coins or if it holds other valuable coins. If so, it indicates a real person address. In practice, I found that GMGN occasionally has small data errors. For example, in the image above, the source of funds for an address is missing. And address 3 is actually the address of a pool. So when I use it, I also open the solscan browser. If I find a problem, I verify it. Alright, the above are three methods that do not require professional knowledge and can be reviewed in a few minutes. They can simply identify methods of whale-controlled chips. Since most projects on the chain initially cannot afford market makers, the manipulation methods are not particularly professional. Therefore, the above three situations are often very useful.
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