Hermes as an Onchain Analyst

Every single week, Hermes gets an upgrade.

Earlier last week it was x_search where Hermes could directly tap into X rich real-time news/insights without having to use X API (saving lots of $ on credits).

3-4 days ago it was “skill bundling” feature, a feature that lets you group multiple individual skills into one reusable command. This is massive because instead of manually typing each skill consequently and hoping the agent remembers to load them, you can just run the bundle which loads all the skills — ensuring consistency & reliability.

In this article, we’ll explore a skill bundle that’s designed for an onchain analyst job — tracing onchain data, identifying who bought/who dumped, how much they have left, and more.

Every single time I decide to invest in a project, I always wonder “Are there people who are going to dump on me”. Sure, everything is onchain and one can use tools like BubbleMaps, Arkham, Dexscreener or go through the explorer to identify who accumulated early. But the reality is…. it’s not that easy, there aren’t any tools that you can ask to get a complete picture.

Well, there are, but most of them are quite expensive.

Actually… not anymore…. With the rise of x402-integrated services & tools, these tools are becoming very affordable. Instead of paying $100+ for subscription, paying per one time use only cost $0.03 - $0.11 per run.

The Onchain Forensics Pipeline

This is what the report looks like after a run

You get

• Top sellers

• Top accumulators

• Net flows across 4 time periods

On top of the report, Cookie MCP is run for sentiment data points & cross-check them with onchain movements.

For VVV, the output is below

Interestingly, it caught neetguy who publicly said that he sold his VVV + he committed to it onchain.

How does the pipeline work

When you think about top onchain forensic tools, you tend to think about Arkham Intelligence or Nansen. Both of which are highly capable and have rich databases identifying which wallet is who.

Nansen is a key part of this pipeline (BlockRun is the fallback). They’re now available in x402 and I’m using them via @agentcashdev (great aggregator)

The pipeline (5 skills + 1 MCP bundled together)

• Pool discovery | DexScreener (free API) | $0 |

• Wallet forensics | Nansen TGM + Nansen Balances via agentcash x402 | $0.03-0.07 |

• RPC cross-check | Base RPC (drpc.org) | $0 |

• Token Unlocks | Tokenomist API | $0 |

• Social sentiment | Cookie MCP (3 queries) | $0 |

• Synthesis | Cross-reference matrix → unified verdict | — |

Nansen as the core, BlockRun as a fallback.

Added Tokenomist upcoming token unlocks in there because I got free subscription from the team. They don’t have x402 yet so you can skip for now.

Does 8 things in one shot:

• DexScreener pool discovery (liquidity, volume, price, 24h change)

• Nansen TGM timeline across 24h/3d/7d/30d (buy/sell pressure, acceleration detection)

• Top sellers with avg exit price (real execution price from sold_volume_usd / sold_token_volume)

• Top buyers with avg entry price (same from bought_volume_usd)

• Nansen wallet balances (remaining inventory, full portfolio view)

• Wallet age estimation (4 RPC calls per wallet — free binary search)

• RPC cross-check (balanceOf + ETH + nonce + contract detection)

• CEX deposit detection (Coinbase Base Bridge + label keyword scan)

• Tokenomist unlock cross-reference

• Dump classification (investor dump, smart money, bot accumulation, institutional interest)

• Tufte HTML report + structured JSON snapshot

The Tufte part is what I installed into Hermes yesterday so it can create better charts (optional). Check this GitHub out if you wanna try:

Venice shows continuous accumulation. For others, the finding might show continuous dump up to the last 3d where onchain movement flipped and people started accumulating.

We can also further check to see if the pump or the dump is coming from single entity or spread across smaller retail.

How am I integrating the pipeline with my other workflows

I have set up regular health check on my port now that’ll run every 3 days.

Every 3 days, Hermes run full onchain forensic pipeline to understand the onchain reality + cross-check Cookie for sentiment + check technical analysis to see if overbought/oversold, if it could run up higher (if it’s pumping), if it could dump further (if it’s dumping).

Pretty exciting to have this new capability on my Hermes ahaha.

Thoughts on the tools (especially x402)

Originally, I thought x402 is practically useless because there are many free MCP or API tools with generous free tiers around. I thought what’s the point of x402 because the agent can use stick to the free stuff.

I was wrong…. x402 pay-per-use is sooooo good. I’ve run like 15-20 x402 runs already testing different tools and I spent like $1.5 so far.

These runs would have costed me $100+ without x402 because I’d have to manually subscribe each data providers and grab their API (which also takes a lot of time and efforts).

Wrapping it up

x402 is great but it’s going to take time to onboard more premium data merchants especially outside of Web3. As for me, I hope Arkham and BubbleMaps integrate x402 soon (if not, please give generous MCP/API use pls lol)

After 2 months of using Hermes, the guy has already been set up to augment many of my workflows already

• Surfacing market insights → X cron jobs, delivering briefs relevant to me at 10AM everyday

• Identifying prediction market opps → capture whale accumulation, sharp signals

• Deep research pipeline → structured research pipeline that can break down any complex topic and provide high quality outputs

• Onchain research pipeline → the one we just went over in this article

• Plus countless more alerts for equities, crypto, macro, geopolitics, and more

Anyhow, if you’re interested to know which tool(s) I’m using for my Hermes analyst stack. Do check out the Tool Shed. We have over 10+ tools now (most of which are free or pretty low cost).

**Thanks for checking this episode out and enjoy working with your Hermes! **See you in the next one.