Sol Spent and Received, Net Sol and Token Holdings
Last updated
Last updated
SOL Spent: Considers closed and open trades, sums all the SOL that the wallet has spent buying tokens.
SOL Received: Considers closed and open trades, sums all the SOL that the wallet has received from selling tokens. Excludes SOL received from selling tokens that got transferred into the wallet - this is very important, as most wallet analyzer tools out there would just consider it as a profit. We take a more conservative approach by not overestimating performance at any point.
Net SOL: This metric represents the difference between SOL received and SOL spent by the wallet so far.
When this number looks odd, take into consideration that the wallet may have transferred tokens in or out, which is impossible to account for in our metrics.
Also, if the number of SOL spent is much higher than SOL received, the wallet might have open positions, that could be winners or losers. Total token holdings (metric below) will give a clue if this makes sense.
It’s very common for some wallets to not sell losing positions and let losers ride to zero.
Otherwise, if Net SOL is positive, it’s a good indicator of profitability.
Always take these wallet “consolidated numbers” with a grain of salt, especially because the on-chain trading scene is diverse, and it might not be accounting for a certain token transfer or something else.
Total Token Holdings: This metric shows the trader's current token holdings in SOL and USDT terms. It could be read as unrealized profit if the wallet has not transferred in or out any token.
If Net SOL + token holdings is a negative number, that probably means the wallet is really losing.
If Net SOL is a negative number but token holding is a positive number that accounts for that negative Net SOL, that means the wallet could be a winner, it just needs to close the trades to know the real profitability.
Take into consideration that it considers tokens that were transferred into the wallet and tokens sent out will be excluded here. If the wallet has too many tokens, there could be a slight variation in this number due to RPC issues.
