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Crypto analytics firm Arkham has introduced a new feature that enables users to monitor the wallets of X accounts with more than 100,000 followers, enhancing transparency in the digital asset sector.
The company announced the update on Saturday, March 8, designating these prominent users as “key opinion leaders” within the cryptocurrency industry.
With this enhancement, Arkham allows users to track the on-chain activities of significant figures, including Ethereum co-founder Vitalik Buterin, BitMEX co-founder Arthur Hayes, crypto entrepreneur Justin Sun, and even U.S. President Donald Trump.
Arkham Identifies 950+ Crypto Wallets Associated with 1,000+ Entities
As of March 8, Arkham had gathered over 950 wallet addresses connected to more than 1,000 entities in the cryptocurrency space.
“Influencers with over 100K+ followers on Twitter/X are now tagged on Arkham with a new label: Key Opinion Leader,” the platform stated.
Arkham has previously monitored significant market movements by influential individuals.
In January 2024, the platform identified Buterin selling approximately $2.5 million in meme coins, converting them into USDC and ETH to support his biotech charity, Kanro.
In May 2024, Arkham disclosed a Trump-associated wallet holding over $10 million, primarily in MAGA and ETH tokens.
BREAKING: Donald Trump now holds $10M in crypto
Donald Trump’s on-chain holdings surpassed $10 Million this morning, primarily driven by the increase in value of the $TRUMP coin – of which Trump currently holds $7.3M. pic.twitter.com/rkQi6SLvvG— Arkham (@arkham) May 27, 2024
Founded in 2020, Arkham has established a reputation for its blockchain intelligence tools, assisting users in identifying entities and individuals behind cryptocurrency market activities.
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Its investors include notable names such as Bedrock, Draper Associates, Binance Labs, and Sam Altman.
Meanwhile, Arkham’s native token, ARKM, was trading at $0.56 as of 12:54 p.m. ET (17:54 UTC) on March 8, reflecting a 2.49% decrease over the previous 24 hours, according to The Block’s Price Page.
Arkham Continues to Expand Its Services
It is important to note that Arkham has been broadening its range of services over the past year.
Last year, the platform introduced spot trading on its exchange, offering spot and futures trading pairs, further integrating its trading services with its blockchain data dashboard.
In November, it also launched a cryptocurrency derivatives exchange, targeting retail traders and competing with existing platforms such as Binance.
The exchange operates under a license in the Dominican Republic, where Arkham is reportedly in the final stages of obtaining regulatory approval.
In 2023, Arkham also unveiled the Arkham Intel Exchange, which it described as the world’s first on-chain “intelligence market.”
The platform is expected to create a new avenue for individuals to share and trade blockchain-related intelligence, establishing a new market and opportunity for on-chain researchers.
At that time, the company indicated there was significant demand for on-chain analysis from various individuals such as traders, investors, journalists, researchers, and protocols.
It also highlighted that a growing community of skilled on-chain researchers requires a platform that enables them to monetize their expertise.
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