Building a Smart Wallet Watchlist

Once you know how to identify skilled wallets, the next step is building a watchlist that helps you instead of overwhelming you.

Your goal: track a small list of proven wallets and use their activity as early research signals, not trade instructions.

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A good watchlist gives clarity. A bad one creates noise.


Start small

Don't start with 20+ wallets. Begin with 3-5 high-quality ones.

This makes it easier to actually study behavior instead of reacting to every alert. You can expand later, but quality comes first.


Types of wallets to track

Different wallets teach different skills. Organize them by what they're good at.

Wallets that consistently buy early when narratives are forming.

What they teach you: Spotting attention shifts before the crowd notices.

Don't expect one wallet to do everything. Track different types for different lessons.


When to add vs remove

Add when you see:

  • Consistent early entries

  • Controlled losses

  • Logical exits

  • Repeated success across coins

Remove when you see:

  • Performance drops off

  • Starts chasing trends

  • Repeated large losses

  • Trades become random

Your watchlist should be dynamic, not permanent. Don't get attached to wallets that stop performing.


Using alerts correctly

Alerts don't mean buy. They mean: this wallet did something, go check why.

When an alert fires:

  1. Open the coin

  2. Check liquidity, volume, attention

  3. Ask: does this actually make sense?

If yes, continue research. If no, ignore and move on.

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Example structure

A manageable starting watchlist:

  • Narrative spotters: 2

  • Momentum traders: 1

  • Insider-style: 1

  • Long-term holder: 1

Total: 5 wallets. Clear, simple, useful.


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