How to Track Whale Transactions in DeFi
Learn how to track whale transactions in DeFi to spot trends, minimize risks, and make informed trading decisions using advanced tools.
July 10, 2025
Wallet Finder
July 9, 2025
Meme tokens like Dogecoin, Shiba Inu, and Pepe have taken the crypto world by storm, with daily trading volumes surpassing $6 billion as of February 2025. Tracking trading volume is critical to spotting trends, identifying opportunities, and managing risks in this volatile market. Here’s a quick guide to get you started:
Volume data, when paired with other market indicators and proper risk management, can help you make smarter trading decisions in the fast-moving meme token market.
Trading volume is the total dollar amount of a token exchanged within a specific time frame. For example, if a well-known meme token like Dogecoin shows high trading activity, it highlights significant DOGE transactions. Volume is a key indicator of investor interest and liquidity. When volume is high, it usually reflects strong market participation, while low volume might point to weaker activity.
Take Bitcoin as an example. If its 24-hour trading volume on Binance hits $10 billion, it shows robust market engagement. High trading volume not only signals active interest but also ensures that tokens can be bought or sold more easily without causing drastic price changes. This is particularly crucial for meme tokens, which often face higher price swings due to their lower liquidity.
"Trading volume is important because it reflects overall market activity, is a marker of liquidity, and can signal the strength of upward or downward moves." - Mike Cintolo, Chief Investment Strategist, Cabot Wealth Network
Understanding trading volume is essential, especially for meme tokens, which tend to experience more volatility compared to traditional cryptocurrencies.
Meme tokens, unlike more traditional cryptocurrencies, rely heavily on viral trends and community-driven momentum. They don't typically have underlying technological advancements or business fundamentals to back them up. As a result, analyzing trading volume becomes a crucial tool for traders to gauge market sentiment and activity.
Volume spikes often come before major price shifts in meme tokens. For instance, Dogecoin saw a massive 370% price jump on January 29, 2021, fueled by coordinated efforts on online forums. This surge came alongside a sharp increase in trading volume. Such spikes frequently occur when social media chatter reaches a peak, triggering FOMO (fear of missing out) among traders. These sudden volume increases can signal either strong optimism or growing pessimism in the market. Unlike established cryptocurrencies, where volume tends to rise steadily with adoption, meme tokens often experience dramatic and quick volume surges that can mark the beginning or end of significant price movements.
Recent data reveals that daily trading volumes for meme tokens have consistently surpassed $6 billion, while their total market capitalization is around $52.7 billion. These numbers highlight the substantial amount of capital involved in trading these assets. Sustained high trading volume over days or weeks can help differentiate between lasting momentum and short-lived hype in the meme token market.
Tracking meme token volume is easier with the right platforms and tools. These resources provide real-time data, historical charts, and wallet analytics to help you stay on top of market trends. Below, we’ll explore some popular platforms for basic tracking and advanced tools for deeper analysis.
Platforms like CoinGecko, CoinMarketCap, and DEX Screener are great starting points for tracking meme token activity. They offer essential information such as volume charts, price data, and market capitalization. These tools are perfect for getting a quick snapshot of how a token is performing.
If you’re looking for more detailed insights, advanced tools with wallet analytics can take your tracking to the next level.
For those who want to dive deeper, Wallet Finder.ai provides advanced blockchain analytics. It’s designed to help DeFi traders analyze wallet performance, token trends, and trading activities across major blockchains like Ethereum, Solana, and Base.
"WalletFinder.ai empowers DeFi traders to transform their investment strategies with precise blockchain analytics, providing detailed insights into wallet profitability, token performance, and trading activities across Ethereum, Solana, Base, and more." - WalletFinder.ai
The platform’s real-time wallet scanning feature identifies high-performing wallets trading meme tokens. It also highlights trending tokens through token trade discovery. You can set up watchlists with Telegram alerts to stay informed about significant volume spikes. Plus, its analytics dashboards use dynamic charts to visualize historical wallet performance.
When choosing a volume tracking tool, prioritize platforms that offer:
The tools you choose will be the foundation for building effective volume tracking strategies, which will be explored further in the next sections.
Now that you know the tools available, let’s break down how you can track meme token volume trends. This simple guide will help you spot opportunities and keep an eye on market shifts.
Start by using analytics platforms to find tokens with unusual trading activity. Social media platforms like Twitter, Reddit, and Discord are great for catching early chatter about new tokens. Crypto communities often discuss potential projects before they hit the spotlight. Joining Telegram groups focused on meme coins can also give you early updates on upcoming launches or partnerships.
Blockchain explorers are another helpful resource. By tracking on-chain transactions, you can uncover newly minted or highly active tokens, often before they appear on mainstream tracking tools.
You can also set up keyword alerts on crypto news aggregators to stay informed about meme tokens. Combining these methods will help you quickly identify promising tokens and act on volume-driven trends.
After pinpointing high-volume tokens, the next step is to dive into their volume charts. Whether you prefer candlestick, line, or bar charts depends on your experience and what you’re analyzing.
Pay attention to key technical indicators like support and resistance levels, trend lines, and moving averages. A sudden jump in volume often signals strong market interest and can lead to price changes, while low volume might suggest hesitation in the market.
Use tools like RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) to confirm trends. Look for patterns such as head and shoulders, triangles, or flags, which can hint at future price directions. Always check multiple timeframes - short-term traders might use one- or five-minute charts, while long-term investors may lean on daily or weekly charts. Understanding these patterns can help you predict market moves and make better trading decisions.
For deeper analysis, try Wallet Finder.ai, which specializes in advanced wallet analytics. By entering a wallet’s chain scanner link, you can see detailed activity, including recent transactions and top counterparties over the last 30 or 90 days.
This tool helps you identify which wallets are driving volume for specific meme tokens. You can review wallet addresses to see the coins they hold, their overall valuation, and how long the wallet has been active.
AI-generated summaries provide clarity on whether volume spikes come from retail traders, institutions, or bots. Advanced metrics like transaction volume analysis and fee tracking can help you find wallets actively trading meme tokens and influencing the market.
You can also create custom watchlists of high-performing wallets and get real-time Telegram alerts when these wallets make big moves. Sorting wallets by profitability, win streaks, and consistency can reveal emerging trends before they’re widely noticed, giving you an edge in the market.
Volume data can act as your guide in trading, helping you navigate the market with more confidence. Understanding how volume patterns align with price movements can mean the difference between making a smart trade and walking into a losing one.
When you notice a sudden spike in trading volume, it’s often a sign that something big is happening. These spikes usually indicate that major players are entering the market or that fresh news is driving attention.
"Volume is the lifeblood of any market. Without it, there is no liquidity, and prices can become stuck. In crypto, where markets are often thin, volume is even more crucial. A sudden increase in volume can indicate that a coin is gaining traction, and its price is about to rise."
– TradingOnramp.com
High spikes in volume typically show strong buying or selling activity, signaling that a price move has solid backing. On the other hand, when volume drops below average, it might suggest traders are stepping back, waiting for a clearer direction. Low trading volume can leave prices vulnerable to sudden jumps or dips when activity picks up again.
To spot unusual activity, compare current volume levels to 30-day or 90-day averages. For instance, if a meme token’s trading volume suddenly soars above its monthly average, it’s worth paying attention - especially if there’s buzz on social media or news of a partnership announcement.
Volume data becomes even more insightful when combined with other market indicators. About 75% of profitable trades happen during periods of above-average volume. Pairing volume analysis with price trends creates a more reliable strategy. For example, studies show that adding volume data to moving averages improves trend accuracy by 18% compared to using moving averages alone. If a meme token breaks through a resistance level with a significant increase in volume, the breakout is more likely to hold.
Watching market capitalization alongside volume can also reveal important clues. Rapid price growth with low volume might hint at manipulation, while steady volume increases paired with gradual price rises often show genuine interest.
You can take this a step further by looking at wallet activity through tools like Wallet Finder.ai. If a volume spike coincides with activity from successful wallets, it might mean experienced traders are making big moves.
Technical indicators also gain reliability when volume confirms their signals. For instance, head and shoulders patterns with proper volume validation have an 83% success rate, compared to 60% without volume analysis. Similarly, volume-weighted RSI (VRSI) often gives stronger signals for overbought or oversold conditions than regular RSI.
These insights can directly inform your risk management strategies.
Volume patterns, when combined with other data, can help you manage risk more effectively. High trading volume often signals active participation, which can lead to price swings. On the flip side, low volume can point to liquidity risks, making it harder to execute trades at desired prices.
For example, if trading volume drops after a price surge, it may be time to tighten your stop-loss orders. A notable case occurred on June 5, 2025, when Dogecoin dropped 25% in just 24 hours - from $0.16 to $0.12 - despite a prior spike in trading volume.
Adjust your position sizes based on volume trends. Increase your exposure during rising volume periods and scale back when volume declines. If a meme token shows falling volume over several days, consider taking partial profits instead of holding your entire position.
Diversification is also key. Spread your investments across multiple assets to avoid relying too heavily on the volume patterns of a single token. And always remember: never invest more than you can afford to lose.
Lastly, focus on relative changes in volume rather than absolute numbers. Volume analysis tends to be more reliable during normal market conditions. Setting alerts for significant deviations from average volume levels can save you from constantly watching charts.
"The speculative nature of meme coins, combined with their susceptibility to fraud (pump-and-dump schemes), poses significant risks to retail investors, especially those who are inexperienced."
– Anwar Sheluchin, Doctoral Candidate at McMaster University
Tracking trading volume effectively requires a thoughtful and organized approach. By following these tips, you can make more informed trading decisions and steer clear of common mistakes.
Relying on just one source for volume data can be risky. Instead, compare data from several platforms like CoinMarketCap and CoinGecko, and double-check with official channels. For instance, if a meme token shows $2 million in volume on one site but only $200,000 on another, that's a red flag worth investigating. Also, stay alert for signs of wash trading - this often appears as sudden volume spikes that don’t match price movements or market news. Cross-referencing with trusted crypto news sources can help you spot manipulation and focus on genuine trading activity. These steps lay the groundwork for setting up reliable volume alerts.
Real-time volume alerts can save you from constantly staring at charts while still keeping you informed about major market shifts. Tailor your alerts to your trading goals. For example, you might set notifications for volume surges that are 200–300% above the daily average if you're looking for profit opportunities. On the flip side, alerts for sudden drops can help you manage risk. Customize these alerts for specific tokens, exchanges, and time frames to match changing market conditions. Since crypto markets run non-stop, make sure your alerts consider different time zones. With these alerts in place, you can create a focused watchlist for better tracking.
A well-maintained watchlist is key to spotting trends and acting on opportunities early. When adding tokens to your list, always use the token’s contract address rather than just its name to avoid confusion with fake tokens. Track important metrics like liquidity, trading volume, and even the token’s community activity on platforms like Twitter, Telegram, or Discord.
Ensure the tokens you follow have enough liquidity for smooth trades. Also, be cautious if top holders control more than 30% of the token supply, as this could lead to manipulation. Before adding a token, check its contract security using available tools.
For wallet tracking, focus on wallets associated with smart money, key influencers, developers, or insider trading patterns. Tools like Wallet Finder.ai can help you spot wallets with a history of successful trades and set alerts for their activity.
When choosing tokens, prioritize meme coins on established blockchains like Ethereum, Binance Smart Chain, or Solana, as these tend to have higher trading volumes due to broader participation. Set alerts for price movements on your watchlisted tokens so you can react quickly to unusual activity. Regularly update your watchlist - remove tokens that no longer meet your criteria and add promising ones as the market evolves.
Keeping an eye on meme token volume trends can give you an advantage in the unpredictable world of crypto. To make the most of this, it’s important to verify data across platforms, set up real-time alerts, and manage your watchlist strategically.
While traditional platforms offer basic volume data, advanced tools like Wallet Finder.ai can take your analysis further. These tools reveal wallet-level trading patterns and send real-time alerts about major market movements. This added layer of insight helps you identify genuine activity and avoid relying on just one data source.
Combining volume data with other market indicators makes your analysis stronger. For example, tracking weekly USD trading volume across various blockchains offers a big-picture view of market interest. On the other hand, 24-hour volume changes can highlight short-term trading opportunities. The rise of multi-chain analytics dashboards, which merge on-chain data, market metrics, and community sentiment, provides the well-rounded perspective you need for smarter trading decisions.
Staying organized is key. Tools like Wallet Finder.ai allow you to filter data and export it efficiently, helping you stay ahead in the fast-moving crypto market.
With the right tools and a clear strategy, you can turn market volatility into opportunities for success.
To fine-tune your trading approach for meme tokens, try combining volume data with other important market signals like price movements, trading behaviors, and social media buzz. For instance, if you notice a sudden jump in trading volume along with a price increase, it could hint at a possible breakout. On the flip side, a similar volume spike during a price drop might suggest a potential breakdown.
Social media sentiment adds another layer of understanding to these shifts, revealing whether the activity stems from hype or broader market trends. Tools like Wallet Finder.ai can be especially handy, offering real-time tracking of wallet activity and trading patterns. This can give you a clearer picture of market movements and help you make smarter trading choices.
Trading meme tokens by following volume trends can be a dicey game. These tokens often come with high volatility, limited liquidity, and the risk of market manipulation. Big price jumps or thin trading activity can make it tough to sell tokens quickly - or at a good price - potentially leading to major losses.
To navigate these challenges, here are some tips:
Using tools like Wallet Finder.ai can give you a clearer picture of wallet activity and market trends. This can help you steer clear of common traps like rug pulls or fraudulent schemes and make smarter trading choices.
Real-time alerts and wallet tracking can be game-changers in the fast-paced world of meme tokens. These tools give you instant updates on sudden surges in trading volume or unusual wallet activity, making it easier to catch market trends or spot anything out of the ordinary early on.
By keeping an eye on wallet performance and major market shifts, you can stay one step ahead. This can help you act quickly on new opportunities, steer clear of risks like pump-and-dump schemes, and boost your chances of making smart, profitable trades.
"I've tried the beta version of Walletfinder.ai extensively and I was blown away by how you can filter through the data, and the massive profitable wallets available in the filter presets, unbelievably valuable for any trader or copy trader. This is unfair advantage."
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Pablo Massa
Experienced DeFi Trader
Smarter trades, made simple.
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