Smart money means wallets with a strong trading record. Radion looks at every wallet’s on-chain history and gives it a set of labels. The labels come from indexed fills only — no self-reporting, no off-chain data. You can use them to find good traders and see how they position in a market.
Smart money API endpoints are coming soon. This page explains the data model
behind them.
How it works
A background job runs every hour. It reads each wallet’s trading stats — realized PnL, volume, trade counts, hold times, entry prices — and applies the rules below. All numbers come from the on-chain trade ledger, with realized PnL computed by average-cost accounting.
- A wallet needs at least 10 trades to get labels. Below that, it stays unlabeled.
- A wallet can carry several labels at once (a whale can also be a market maker).
- One label is picked as the wallet’s primary style (see below).
The labels
| Label | Meaning | Rule |
|---|
whale | Very large total flow | Lifetime volume ≥ $1M |
market_maker | Provides both sides of the book | ≥ 1,000 trades and buy/sell flow within 10% of balance |
active_trader | Trades a lot, right now | ≥ 100 trades and traded in the last 30 days |
buy_and_hold | Buys and waits | Average hold ≥ 30 days and sells < half of buys |
degen | Many small, fast bets | ≥ 200 trades, average trade < $50, average hold < 1 day |
high_conviction | Few markets, big size | ≤ 10 markets and average buy ≥ $10k |
contrarian | Buys long shots | Average entry price ≤ 35¢ |
value_hunter | Buys long shots and wins | Average entry price ≤ 30¢ and profitable overall |
The thresholds are a starting point. We tune them as the data grows, so do not
treat exact values as a stable contract. The label names and their meaning
stay stable.
Primary style
When a wallet matches several labels, the most specific behavior wins. The priority order:
market_makerwhalehigh_convictiondegenactive_traderbuy_and_holdvalue_huntercontrarian
A wallet that matches none of the rules has no primary style.
Definitions
| Term | How it is computed |
|---|
| Average entry price | Total buy USD ÷ total shares bought |
| Average trade size | Total volume ÷ number of trades |
| Hold time | Time from opening a position to closing it (sold to zero or resolved) |
| Win / loss | A position closed by market resolution with payout (win) or without (loss) |
| Realized PnL | Profit and loss from closed positions, average-cost accounting |
Caveats
- Labels refresh every hour. A brand-new wallet shows up after its first pass.
- A wallet is not always one person. Polymarket users trade through proxy wallets, and one person can run many wallets.
- Labels describe past behavior. They are not financial advice and do not predict future results.