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Cookbook · Recipe 4

Decode a whale wallet's story in 7 minutes

A whale address is not just a number — it has a behavioral pattern. Here is how to read it cold.

Category Wallet analysis
Reading + execution ⏱ 7 min
Tier required Free
Last updated 2026-05-23
  1. Open the address profile at /whale/<addr>

    The header shows balance, entity label (if known), and the first/last seen timestamps.

  2. Look at MVRV (Market Value / Realized Value)

    MVRV > 2 = currently sitting on 2x unrealized profit — high distribution risk. MVRV < 1 = underwater, often a strong holder.

  3. Read the HODL Wave for this address

    Coins in the >5y band moving for the first time = dormant wakeup. Coins in <1m band = active trading wallet.

  4. Check the Whale Fingerprint: pattern (accumulator / distributor / swing), direction-bias, frequency, avg post-TX price impact

    A "distributor" with rising frequency = imminent exit.

  5. Scroll to Related Transactions to see if this wallet is part of a known cluster

    Multi-input common-input clustering (Meiklejohn 2013) links co-owned addresses.

  6. Open the AI chat and ask

    Open the AI chat and ask: "Summarize the activity of address <addr> in the last 30 days." Haiku reads the same on-chain data + writes a plain-English narrative.

Try the address lookup →
Underlined terms link to the glossary. Hover for the short definition.

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