How to track Down Related Wallets with Solscan
Surely, you’ve often encountered a highly profitable wallet only to realize it doesn’t have any Solana in it. You correctly assume that this wallet won’t trade again, and you feel disappointed because you’ve found a gold mine with no gold left inside.
Most copytraders would simply ignore such wallets, but you’re smarter because you’re an OdinBot user and you read our blog posts. That’s why today, continuing with our previous blog post on how to use Solscan, we’re going to show you the correct way to proceed with these types of wallets and how to go beyond the common approach to find not just a gold mine, but a diamond mine!
Diving deeper with Solscan
First, let’s look at a real practical example with a very recent wallet we’ve found: EJm5xCFDH8aWtvy8YCjQpiMaPiwTddiTNUUj2cMBVn4P
If we observe it (screenshot above), we’ll see that this wallet has generated more than $6,000 in just one week but has no SOL. Therefore, in 99% of cases, it’s safe to assume that it won’t trade again, as its funds have been withdrawn to another active wallet, which we’ll try to find. To do this, we’ll open it in Solscan and pay attention to two major factors:
- Which funding wallet supplied this wallet for the first time: This is especially useful because top traders typically have one (or several) funding wallets they use to supply fresh wallets, with which they trade for just a few days before withdrawing the profits to avoid being tracked.
- Identify the profit-taking wallet: Similar to the previous wallet, this profit-taking wallet collects the SOL profits from different wallets (obviously all belonging to the same person), so there’s a good chance that some of these child wallets are still active and trading.
In the case of our wallet, we can see that it has been funded by hot wallets from Binance and Bitstamp, so there’s not much we can do about it, as these centralized exchange wallets manage all their users’ transactions “internally and off the blockchain.”
If we investigate to see what other wallets have supplied it, we’ll soon observe that this wallet receives SOL from many different wallets and doesn’t follow a clear pattern of always being supplied by the same wallet or group of wallets… so a clear relationship cannot be established.
However, if we look at the wallet where the SOL (profits) is sent, we can see that it’s always the same one: Da2DS..qwx1:
However, if we open and investigate this destination wallet, we’ll soon realize that it’s a personal Binance wallet:
Although there’s no explicit indication, from experience we know it’s a Binance wallet because the only transfers made are to Binance 2 (Hot wallet), which perfectly matches the functioning of transfers that these types of wallets make, as whenever funds are received, they are sent to CEX hot wallets (for subsequent distribution to the endpoint…)
Finally, if we check what other wallets have used this one for profit-taking, we won’t see much besides our wallet EJm5x..n4P, so we can conclude that this wallet is not trackable, and we won’t be able to find other related child wallets:
Trackeable Wallets
On the other hand, we have wallets that are actually trackable, like the one we are about to cover together!
As you can see, the above shown wallet made almost $5.5k in just 1 day but it doesn’t have any SOL, so let’s apply the same technique as before.
As you can see above, our wallet was Initially Funded by H3yHg3pmGCpURckMNAQ1naRsiBKFoKFK579NYkk57DFg
Unlike the previous case (in which the wallet was provisioned by a Binance hot wallet), this wallet was funded by a human wallet with just 1 SOL. If we open it and search for other outgoing SOL transactions, we can see that before funding our current wallet, it sent 1 SOL to another wallet:
And, if we double check this wallet on Solscan, we can see that it’s indeed active and very profitable, which means it’s potentially copytradeable!
Voalá! We just found a brand new (and very profitable) fresh wallet just by using solscan!
Closing Thoughts
As you can see, tracking wallets through Solscan requires significant manual work and investigation. You’ll need to analyze transaction histories, identify patterns, and follow the money trail across multiple wallets.
We understand that this process is time-consuming, but trust: It ultimately pays off when you discover those hidden gems – active wallets with proven profit potential that most copytraders miss because they don’t dig deeper.
This extra effort is what separates casual copy-traders from those who consistently find the most profitable wallets out there!
Remember that patience and attention to detail are your greatest allies in this process.
