How “DexToolsDegen” turned $2,300 into $1,042,000 in 7 days by spying on the world’s top DEX traders
A self-proclaimed “shitcoin degenerate” combined three simple tools to build an espionage strategy that gave him real-time insights on the most profitable wallets on the Ethereum blockchain. He proceeded to profit just over 7 figures in a single week using it.
The three tools in question? They are DexScreener, AlphaTrace, and Cielo.
*The following notes were gathered from 0xReflection’s X thread, as well as a telegram thread from DTD that has since been deleted*
The Strategy
This strategy works by identifying the highest performing wallets in crypto, tracking those wallets so we get notified as soon as they make a trade,
and placing high-conviction bets ourselves when we see multiple alpha wallets buy a live new pair.
DexScreener (specifically the Top Traders field of a trending coin) is where we can gather our initial list of wallets to plug into AlphaTrace.
Top Traders shows us people who have profited the most off of a given coin.
AlphaTrace is the secret sauce in this equation. Input any wallet, and it gives you that wallet’s precise win rate and total profit amount over a given time period. It might be the most useful tool in all of crypto. I inputted a wallet that was on the top traders list for $TROLL and on AlphaTrace we can see it has a remarkably high 72% win rate and $5 million in realized profit.
AlphaTrace makes it easy to identify alpha wallets like this that are worth tracking.
After using AlphaTrace to identify 15–20 extremely profitable wallets (70%+win rate and 100K+profit/month), we can input those wallets into Cielo’s Telegram wallet tracker, so we get a telegram notification as soon as they make a trade.
We’ll get a telegram notification as soon as one of our tracked wallets buys a new coin.
With these top wallets being tracked, we have a great look into where “smart money” is headed on the blockchain. See multiple alpha wallets buying the same coin within 5 minutes of launch? Simply prepare to ride the insider pump and make an obsecene amount of money.
If you enjoyed this article, you can support me by signing up to AlphaTrace
with my referral link, and giving me a follow. Thank you!