How to identify possible insider wallet using top PnL

Overview

This playbook focuses on identifying potential insider wallets by analyzing wallet creation timing, profit concentration, and behavior around major price movements.

Who is this for

• On-chain analysts looking to track wallet behavior and capital flow.
• Traders hunting early signals before major price moves.
• Users who follow Smart Money patterns to improve entry timing.

Goals

• Identify wallets that may have early or privileged access to information.
• Use wallet behavior as a leading indicator for future trades.

Key Evidence

• Wallet created close to token launch or pump date.
• Buys occur before the pump date.
• Large profit (realized and unrealized) compared to entry size.

Workflow

• Step 1: Go to token detail -> Top PnL.
• Step 2: Sort by Top total PnL-> Click Fresh wallet to see newly created wallets.
• Step 3: Find wallet created near token pump date.
• Step 4: Mark the wallet to Watchlist.
• Step 5: Watching their next move as 1 of the indicators.

Risks & Considerations

• Could be insider, could be not, so be careful.
• Insider wallet could transfer money to other addresses.
• You can check their buying balance vs their current balance.

Feature Spotlight

• Watchlist