In this tutorial, I’m going to show you how to track high-performing wallets across Ethereum and popular L2 chains like Base and Polygon so you can find and copy wallets like these, experiencing 100% to 10,000% gains.

Blockchain technology has created unprecedented financial transparency, letting us follow the smartest investors based on actual results, not hype. Most people don’t know how to leverage this data—which creates a massive informational asymmetry in the market. Those who understand how to interpret and act on this wallet data have a significant advantage over those who don’t. Today, I’m going to ensure you’re part of that advantaged group.

By the end of this tutorial, you’ll know how to use wallet tracking tools to spot profitable opportunities before they hit the mainstream. Let’s dive into how you can use this blockchain superpower to your advantage.”

Nebulum’s Wallet Tracking Tool

Within Nebulum’s Wallet tracking software there are three main components we’ll need to use to find profitable trading opportunities. There is wallet discovery, wallet tracking and wallet alerts. Let’s go through each tool, one by one.

Wallet discovery

One problem with tracking wallets is that you need to first find wallets that are worth tracking. This is hard to do using raw blockchain data because the raw data is just not organized to prioritize these types of valuable investing insights. So at Nebulum we’ve solved this problem by creating a wallet discovery tool that filters signal from noise, organizes all of a wallet’s relevant transactions and runs calculations to figure out the profit and loss of any given wallet.

If you don’t have a wallet tracking account at Nebulum, you can get one by clicking here.

Once logged in, click on “wallet discovery” in the top navigation bar. From here, you’ll need to enter a token address and then select the blockchain that this token was created on.

To find tokens, you could check top erc20 tokens on any blockchain explorer. For example, let’s go to basescan and hover over tokens and then click on “top erc20 tokens”. I could then click on any of these tokens and then simply copy the token’s contract address here and paste it into Nebulum. As you can see, after I click on ‘search” the top performing wallets trading this token will show up below.

But perhaps you don’t want to track top trading wallets on established tokens, but instead you might want to track the best performing wallets trading lower market cap or newer tokens. To do this, let’s head over to a site like dex screener. Again, let’s click on “base chain”. From here, let’s look for a newly launched token launched within the last few days with a decent amount of liquidity and some trading activity.

From here, you can look in the right sidebar under “pair”, and just below that you’ll see the token name and address. So let’s copy this token’s address. Now we’ll jump back into Nebulum and we’ll paste that address here and we’ll search again.

Notice to the right we’ll see the token details, such as the token name, description and security score. Then, below that, we’ll see the top trading wallets, many of which have amassed more than a thousand percent return on their initial investment. So these are potentially great wallets to start tracking. But not necessarily, so let me explain how Nebulum helps you filter smart money wallets from lucky wallets.

First, you’ll notice these three little icons which are either hot or cold, represented by a flame or a snowflake. What we’re looking for here, in most cases, are flames. Hovering over each icon will show a little text, explaining what the icon represents.

The first icon, if it’s a flame icon, means that the wallet has a realized profit of over 100% trading this token If the flame is green, it means the wallet has profited over 1000% trading this token.

The next icon shows you if the wallet has made at least $1000 on the trade, if the flame is green, it means the wallet has made over $5000 trading this token. THe last icon here, represents if the wallet invested at least $500 in trading this token. If the icon is green, it means they’ve invested at least $1000 in acquiring this token.

Now if you see a snow flake icon in any of these positions, it doesn’t mean the wallet isn’t worth tracking. It might just mean that the wallet is a smaller wallet making smaller gains. So for example, maybe the wallet only made $100 trading this token. That’s not bad. So if you’re trading smaller amounts, these could be great wallets to follow.

Over to the right of these icon’s you’ll see the wallet’s average buy price, sell price, the number of tokens acquired, the number of sold tokens and the total number of trades. Next, you’ll see the total that this wallet has invested, and then lastly you’ll see the wallet’s profit and loss represented in dollars and as a percentage.

Filter Out Lucky Wallets

Okay, we’re off to a good start here, but you’ll likely want to get more granular than this, because any of these wallet’s wins could be a fluke. Don’t forget, we’re looking at the top wallets for one single token right now. Any of these wallets could just have gotten lucky, or the wallet could have been an insider with knowledge about this individual token, that won’t help in future trades outside of this token.

So we need to dive deeper to filter out any lucky wallets or one hit wonder wallets. To do that, click on “details”. Here, over to the left you’ll see the wallet’s summary. Here, you can look at this wallet’s summary by time. Below that you’ll see the wallet’s age as well as a top level overview of everything this wallet has ever done. Here, you’ll see the wallet’s total trades, trade volume, realized profit, realized profit percentage and so on.

So here, you can see that this wallet is actually performing very well and this could be a wallet worth tracking. However before you make that decision, you’ll want to be able to study this wallet even deeper by diving into a more granular breakdown of this summary. You can do that by looking over to the right to see a contract by contract breakdown. Remember, previously we discovered this wallet by seeing it as a top performing wallet trading a specific token. So now over to the right, you’ll be able to see a snapshot of this wallets’ performance trading other tokens on this blockchain. Here you’ll see the contract address, name, symbol, profit, total invested and so on. If you see a wallet that has no realized profit yet, that simply means that the wallet has entered a position, but hasn’t existed it yet. And this little box in the upper right corner shows the number of trades this wallet has made with this contract address. So here you can scan through these results to see if everything looks good. And if everything checks out, you can click on this button to track the wallet.

Now here, you can add additional tags and notes. For example, you might want to tag this wallet as a whale wallet, a smart money wallet, or as an influencer’s wallet. Then below that you can add any additional notes. Once you’re ready you can click on this button to track the wallet.

Tracked Wallets

Now, once you have added tracked wallets, they will show up here, under your tracked wallets tab. On this page, you’ll see these three icons here. The first, is simply an icon you can click to tag this as an exciting “or a hot” wallet to make it stand out from the rest. The other icons here represent if you have buy or sell alerts turned on, but we’ll get to that in a minute. To the right, you’ll see the wallet’s details. You can also edit any notes you have about this wallet by clicking on this icon here. And you’ll also see an icon which represents this wallet’s tag here. For example, here I have a whale wallet, here is an influencer wallet and here is a token developer’s wallet.

Again, and if you wanted to see more granular details about this wallet, you could click on this “view” button here. Within this popup you’ll see a summary and breakdown of the wallet, but now you can filter the breakdown over to the right into buy or sell transactions. Here you’ll also be able to see a transaction timestamp. This gives you insight into this wallet’s most recent trading activity. So this allows you to click into any tracked wallet to see what the wallet is buying or selling today. This is enormously powerful real time data. However, to make this even more powerful, we’ve included an alert system that will send an email to you when one of your tracked wallets is engaging in new buy or sell activity.

This is where the true magic of wallet tracking reveals itself. When you follow proven traders, you’re not just observing random buy/sell decisions—you’re tapping into years of expertise compressed into single transactions. Behind each simple “buy” or “sell” lies a mountain of specialized knowledge: advanced technical analysis, sophisticated risk management strategies, insider knowledge, or proprietary algorithms. These elite traders might be applying complex statistical models, leveraging institutional-grade research, or even preparing to move markets through their influence. While you can’t access their thought process directly, wallet tracking gives you something potentially more valuable—the ability to mirror their actions with precision timing. You’re essentially gaining access to a high-performance trader without needing to replicate their years of expensive education or experience. By focusing on wallets with consistent success patterns, you’re not just copying trades—you’re implementing the conclusions of some of the sharpest financial minds in crypto, all while they do the heavy analytical lifting for you. That’s the transformative power of intelligent wallet tracking.

Wallet Alerts

Okay, so now you have these wallets tracked. So let’s set up the logic to be able to automate the alert process.

To do this , you could either monitor for buy or sell alerts.

Let’s imagine that you want to be sent notifications when this wallet engages in new token buying activity. In order to do that, you can simply click on this button here. From here, you can activate buy alerts by clicking on this button. After doing that,, there is nothing else you need to do. Nebulum’s system will automatically scan this wallet at a frequency set by you. And now, if this wallet engages in any new token purchasing activity you’ll receive an email alert letting you know.

This wallet tracking automation will now work for you 24 hours a day, 7 days week, 365 days a year.

Back on your main wallet tracking page, you’ll now see the alert icon to the right of the wallet address turned on.

If you ever want to turn off an alert, you can simply do that by clicking on the button again here. And, if you ever want to entirely remove a wallet from your tracked wallets list, you can simply delete it here.

Remember

Remember, you don’t need to make a lot of trading decisions, you simply need to make good decisions. One single exceptional trade can change your life. So ensure you spend time filtering wallets that line up with your own trading philosophy and appetite for risk.

So that’s Nebulum’s wallet tracking tool in a nutshell.

If you’d haven’t already, and you’d like to sign up for Nebulum’s wallet tracking software you can do so by visiting our crypto wallet tracking tool’s webpage.

Thanks for stopping by today.