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Arkham Intelligence, one of the most prominent blockchain analytics companies, has launched a new feature aimed at monitoring the crypto assets of popular influencers. This new feature specifically targets influential personalities with more than 100,000 followers on X (previously Twitter). Currently, the database contains 950 crypto addresses belonging to such influencers, and they offer critical insights into their transactions and investment patterns.
What Does This New Tag Provide?
The recently introduced tracking feature groups crypto assets held by popular figures such as Justin Sun and Vitalik Buterin. The tool allows users to observe real-time transactions, wallet balances, and asset movements, providing never-before-seen openness in the crypto world.
Important features are:
Address Database: The system tracks 950 addresses belonging to leading influencers currently.
Real-Time Updates: Users can observe major crypto owners’ movements in real-time.
Increased Transparency: Gives insight into the investment activities of powerful individuals.
Why Is This Important?
Crypto markets are extremely speculative, and the patterns of trading among powerful individuals can have a large influence on prices. By enabling users to follow these transactions, Arkham seeks to make trading more transparent. Traders and analysts can now see how business leaders hold their assets, and it is simpler to spot trends and possible market movements.
Privacy Issues and Ethical Implications
Though the tool increases transparency, it also has implications for privacy. Others contend that monitoring individual wallets infringes on financial independence and individual security. Arkham, however, insists that all data is publicly accessible on the blockchain and that their tool only presents and organizes it in a usable format.
Arkham’s new tracking functionality is a break-through for crypto traders, enthusiasts, and analysts who want more insight into the movements of the market. While the ethical question of such tracking is still being debated, the tool certainly provides useful information to those operating in the volatile crypto market.
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