Introduction
The transparency that comes with public blockchains allow anyone to have access to transactional data that happens on-chain. Users are able to view transactions that are occurring in real time and gain insights that simply aren’t available to the common man in traditional markets. Blockchain analytics is about knowing what is happening onchain and being able to have a clear view on who is behind those transactions. Nansen offers our users the ability to have both. In this article, we touch on some of the most important wallet labels and emojis that we use and what they mean.
What Are Custom Labels?
Custom Labels let you assign personalized tags to wallets across the Nansen platform. Imagine tracking an influencer’s wallet or naming a treasury wallet for easy reference. Instead of trying to remember long alphanumeric wallet addresses, you can simply label them on Nansen for quick identification.
These labels appear across all of Nansen’s dashboards, ensuring seamless tracking of wallet activity and transactions. This makes it easier to monitor trends, validate strategies, or analyze token movements in real time.
New Labels
Behavioural Labels
We’ve introduced a range of new labels to highlight emerging trends, niche trading behaviours, and innovative wallet activities. Here’s what’s new:
- Emerging Smart Trader: An address with PnL comparable to Smart Money but smaller trade sizes.
- Former Smart Trader: Address that used to be labeled as Smart Trader but is no longer.
- Exit Liquidity: an address that typically buys the top and tends to be late movers.
- Sector Specialist: A trader consistently profitable in a specific sector, meeting certain PnL thresholds. Examples include:
- AI Specialist: Focused on AI-related tokens.
- DEX Specialist: Focused on decentralised exchange tokens.
- Gaming Specialist: Focused on gaming tokens.
- Memecoin Specialist: Focused on memecoins.
- RWA Specialist: Focused on real-world asset tokens.
- Chain Specialist: Traders most profitable on specific chains. Chains include:
- Arbitrum
- Avalanche
- Base
- Blast
- Fantom
- Linea
- Optimism
- Polygon
- Scroll
- Sei
- ZKsync
- BSC
- New Token Specialist: Addresses where at least 65% of realised PnL in the past 180 days comes from tokens purchased within two days of their launch.
- Top 100 Leaderboard Trader: Addresses ranking in the top 100 leaderboard for tokens with a market cap above $100M.
- Memecoin Whale: Addresses holding more than 0.1% of the supply of a memecoin with a market cap above $30M.
- Multiple Memecoin Whales: Addresses holding more than 0.1% of the supply of at least two popular memecoins.
- Token Deployer: Highlights addresses that deployed tokens and specifies the deployed token.
- Top Token Deployer: Among the top 5% of deployers by the number of fungible token deployments.
Solana-Specific Labels
- Early Memecoin Trader: Highlights addresses that bought more than one of Solana’s top 10 memecoins early.
- Multiple Airdrop Recipient: Addresses that received more than two of the largest Solana airdrops.
- X Jupiter DCA Order: Highlights PDAs created for DCA trades via Jupiter.
- Is [X] on Ethereum: Highlights any address bridged through Wormhole, linking it to its Ethereum counterpart.
- XXX Trading Bot User: an address that uses use a trading bot such as BullX, Trojan, Photon, GMGN, Maestro, BloomBot and Blood Solutions
- .sol: an address that has registered a SNS name.
- Top Pump.fun Creator: Address within the top 5% of pump.fun token deployers by number of deployments.
Expanded Label Definitions
Behavioral Labels
DeFi Labels
Social Labels
Other Specialized Labels
CeFi & Exchange Labels
NFT & NFT Smart Money Labels
Scam & Exploit Labels
Smart Money Labels
💡 Learn more about Smart Money 101
Retired Smart Money Labels
We’ve retired the following labels as Smart Money, though they remain available elsewhere in Nansen without the Smart Money emoji:
- First Mover LP: Addresses that consistently interacted early with Liquidity Pools.
- First Mover Staking: Addresses that consistently interacted early with Staking Pools.
- Profitable LP: Top liquidity providers with strong profit and ROI on Uniswap V2-type DEXes (includes impermanent loss calculations).
- Airdrop Pro: Addresses that received significant value from multiple airdrops, valued using a 30-day post-distribution average.
- Private Sale Investor: Addresses that received at least $100,000 from investor distributors across multiple tokens.
Permanently Retired Smart Money Labels
- 7-Day Smart DEX Trader: This label has been permanently retired and is no longer available in Nansen.
- Smart Influencer: Addresses tied to individuals or entities perceived as market influencers. This now fall under Public Figures
Additionally, NFT Smart Money labels have been removed from the Smart Money dashboard but remain available on the NFT dashboard.
Nansen’s Smart Money Methodology
We've recently refined our approach to identifying Smart Money wallets across different timeframes. Our updated methodology considers multiple factors including:
- Core performance metrics
- Minimum win rates
- Required ROI percentages
- Realized profit thresholds
- Trading diversity factors
- Number of profitable tokens
- Portfolio composition
- Asset diversity
- Consistency requirements
- Performance through downturns
- Long-term success patterns
- Adaptive trading strategies
