I set out to discover some of the top altcoins that millionaires and even crypto billionaires are buying.

How did someone find it in 2018, when Bitcoin was less than $5,000, to buy the cryptocurrency for $400, and less than three years later, it would be worth over $4 million!

They can buy anything from Ethereum, a flat-screen TV, even their own water park. Is this all coincidence? Or is there a secret they know about their market leadership that we don’t?

Today, we’ll attempt to find that truth by revealing what many crypto millionaires are buying in this bear market.

Uncovering the Secrets of Crypto Millionaires: How They Made Their Millions

To do this, we will go whale hunting, looking for clues left by these large cryptocurrency investors or whales when they buy crypto projects. Hopefully we can find crypto projects that could potentially achieve 1000x growth in the next bull run.

We will use a combination of four different tools.

Tracking whales: Tracking the movements of cryptocurrency investors

But before I reveal what I discovered using these four tools, we first need to discuss why we’re doing this.

Let’s say there’s an investor, Jeff, who invested early in companies like Airbnb, Uber, and Facebook. Now, this suggests that he probably has a good insider view of which companies to invest in early on. So what if we could see what he’s investing in before everyone else?

Well, in traditional investments, this is almost impossible. But with cryptocurrencies and blockchain, we can see what these crypto millionaires are buying using their wallet addresses.

This is because every transaction recorded is saved on the blockchain, but it’s not as simple as tracking down every large crypto wallet address to find these hidden items.

Some large cryptowall addresses are no longer active, or other addresses are actually addresses of exchanges such as Binance or KuCoin.

We are looking for active investors who have at least a few million dollars in cryptocurrencies, and we can do that by using the first tool.

Tool 1: Block Explorer — Peek into Crypto Wallets

First, we need to go to a site like Coin Market Cap and look up any cryptocurrency of your choice.

In this case, we will be using Arbitrum, this is because it is a fairly new cryptocurrency that has just been launched, which means there are likely to be more active users on the platform. From there, we can click on the contract address, which will take us to our first tool, the block explorer.

Now, this will be different for each cryptocurrency, but all you have to do is click on the contract address and it will take you to the corresponding address.

Once you’re in a block explorer, you can go to the holders tab and you can see every investor in that particular cryptocurrency, from largest to smallest. But looking at breadcrumbs of large crypto wallet addresses is only part of the equation because remember, we’re looking for actual investors who are active.

But after searching, I found a wallet address that had $53,000 worth of Arbitrum in it. Right off the bat, you can see that this wallet has $1.5 million worth of Arbitrum in a dozen different cryptocurrencies.

However, we are not done yet as we need to see exactly what they are buying. Viewing wallet address combinations in a block explorer is not very easy to use and sometimes feels like looking for a needle in a haystack.

But we can paste this wallet address into the second tool, zapper.fi.

Tool 2: Zapper.fi — Simplify Crypto Portfolio Analysis

From here, we can get a good idea of ​​all the different cryptocurrencies in this portfolio and exactly how much.

Now, there are quite a few tokens in this wallet, but one token I hadn't heard of before is Lyra, which is a decentralized protocol with a market cap of $30 million. Interestingly, out of his entire $1.5 million portfolio, he only has $7,800 in this project, which may sound like a lot, but in the long run, it's like having a total of $1,000 to invest in crypto and then only putting $5 into a project.

And that’s just the tip of the iceberg. But let’s move on to another wallet. Right now, this wallet has $57,000 worth of Arbitrum in it, and the total value of the different projects it’s in is a little over $1 million.

Now, one crypto protocol that caught my attention is Vela Exchange, which is a hybrid exchange on the Arbitrum ecosystem, and they have over $30,000 worth of tokens, which is over 3% of their entire portfolio. So compared to the previous portfolio, this is significantly higher than the other projects that we looked at.

But this whole process is very time consuming, and there is actually software that can do all of this heavy lifting for us. This brings us to the third tool, whalestats.com.

Tool 3: Whalestats.com — Uncovering the Richest Crypto Whales

This tool aggregates the top whales, allowing us to not only see what the richest are buying, but also give us a complete picture of their portfolios.

So when you look at the top wallets on the platform right now, you can see wallets with over 44 billion worth of them. But the wallet that caught my attention had over 500 million dollars and over a hundred different tokens. That's where I wanted to start my search.

Now, the most notable part of this portfolio is that they own over $300 million in Shiba Inus. Now, this sounds crazy, but since the Shiba Inu issue price has gone up over 15,000,000%, they actually got $300 million for a $1,500 investment. But I believe that Shiba Inus has seen its day with this kind of returns. So I want to look at some of the smaller items on the list.

Looking down, you can see that he has over $12 million in incoming crypto transactions, with one of the highest transactions being $7 million worth of Matic. I think Polygon Matic is a great second layer with a lot of features, but there is no way this project is going to 100x anytime soon. To do that, it would have to increase by over $900 billion, which is almost the entire net worth of cryptocurrencies right now.

Moving on to some of the smaller tokens, it gets more interesting. Now, there are some of the usual Metaverse projects like Sand and Mana, but one project in particular that caught my attention was Fetch.ai, which has a $5 million valuation.

Now, this is an AI project, and the thing with these AI crypto projects is that I’m not sure I’m interested in them as a whole. Yes, AI does have some use cases, but these crypto projects seem to know that if they throw AI into their protocol anywhere, people will use it like it’s a marketing service.

That being said, he does own $5 million worth of crypto, but to him, $5 million is like if you had $1,000 invested in crypto and only put $10 into this project.

So the amounts here are still small, but there's one tool that I might even like better than Whale Tracker, and that's Whale Trades.

Tool 4: Whale Trading - Track Cryptocurrency Transactions in Real Time

It combines the functionality of the other three previous tools, except that it displays live trades from around 15 major exchanges.

Using this tool, I found a crypto wallet that had about $3.5 million worth of altcoins in it. Now, what’s interesting about this wallet is that they have over 40 different projects. Right now, their number one position is Sand, which has a value of just over $300,000 and is already on my watch list.

Now looking down below you can see they have some of the more familiar tokens like Ethereum, Matic, Fantom, Mana, a lot of the projects on the list were familiar to me until I dug deeper into one project in particular, KNS token or Kyber Network, is a decentralized exchange on Ethereum that has now retraced almost 90% and has a market cap of over $100 million. So this is definitely a smaller project that I am adding to my watch list.

Now, another small-cap altcoin that I found in this portfolio is Synapse. This protocol has a particular focus on crypto bridging, which helps facilitate transactions between larger cryptocurrency projects.

Now, I do have a few other projects in my portfolio that do have some type of bridging component, but I don't have one that is completely focused on bridging as a whole. So I went ahead and added it to my watch list, and the fact that it has a market cap of 1.5 billion, which may sound like a lot, but it's really tiny compared to the mid- and large-caps.

But what I did with not only this crypto wallet address but also other addresses I came across in my research was:

• I'll bring them to Zapper.fi, and I'll set up notifications so if a large transaction happens, I can get notified immediately.

But which of these projects do I actually decide to add to my portfolio?

Well, now the answer is not one or the other, because I think what’s more important than the actual cryptocurrencies I mentioned is the method I used to look them up.

Because none of these cryptocurrencies are going to succeed. Some may, some may not, but one of them will, and by continually using this method, I will discover that.

The tools mentioned in this blog, including Coin Market Cap, Block Explorers, Zapper.fi, Whalestats.com, and staying updated on social media and news platforms can help discover altcoins that are attracting the attention of wealthy investors.

However, please remember that investing in cryptocurrencies carries risks, and it is vital to make an informed decision based on your own research and risk tolerance.

Always consider consulting a financial advisor or professional before making any investment decisions, especially in the volatile and fast-moving world of cryptocurrency. Happy hunting for the next hidden gem!