Introduction

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The Catalina Whale Mixer is a collection of NFT which was minted on Dec 17, 2021, at the price of 1 SOL. Yes, you heard right! 1 SOL!! Now look up, the current price floor in MagicEden is 110 SOL. The total supply of this collection is 5.6K, and the number of holders reaches 2072.

In this analysis, we first show historical data for daily sales of the Catalina Whale Mixer collection and then analyze the number of holders. In the following, we show the effect of the tier system of holders on the activity of wallets. Finally, we discuss the impact of news related to the conditions of whitelisting in their next project.

Results and Analysis

Here we first show the daily sales chart of the Catalina Whale Mixer(CWM) collection. As you can see, the cumulative trend is also shown on the chart. As mentioned in the introduction, the first mint of this collection took place on December 17, 2021, and on this date, the sales volume is 8990 SOL, and on December 18, 2021, we saw the highest sales volume, which is equal to 14.6K SOL. Also, from April 25, 2022, we are witnessing a high volume of transactions, which has continued until May 11.

Procedure

• First, we create an account on app.flipsidecrypto.xyz/velocity to access the data within the Solana chain.
• To obtain the sales history and wallets that hold the Whales, we use solana.dim_nft_metadata and solana.fact_nft_sales Table.
• We rank the wallets based on the number of Whale they hold as follows:
  • Number of Whale < 5 : tier 1
  • Number of Whale >= 5 and Number of Whale < 10 : tier 2
  • Number of Whale >= 10 : tier 3

The total volume of transactions as of May 17, 2022, is equal to 168.5K SOL. Also, the number of unique users who have bought this collection reaches 5260 wallets.

Now let's look at the number of daily holders. On the first day of publication, December 17, the number of holders was 1644 addresses, and this number has decreased.

If we consider the daily sales and the number of holders together and show the scale of the chart in a logarithmic way, we can see that these two charts have a high correlation.

In the following, we will discuss the effect of ranking holders based on the number of Whales they have.

As can be seen from the chart above, in this ranking, holders are divided into three categories. According to the chart, 60.6% of the users are in the first category (Tire 1). In the second category, Tire 2, about 18.4% of users are located, and 21% of users are in the third category (Tire 3), ie they maintain more than 10 Whales.

Now let's see how many purchases are made daily by the specified categories (Tire 1, 2, and 3).

Tier 2 and 3 have been in a tight spot so that on some days the number of holders holding more than 10 Whales has exceeded Tier 2. For example, on January 4, 10, 13, and 28, February 25, March 10, 25 and 31, April 26 and May 3, Tier 3 is significantly higher than Tire 2 in terms of the number of purchases.

The creators of the project had announced that in order to be whitelisted in an extremely hyped mint Bubblegoose Ballers, users must have at least 1 Whale in their wallet by May 11th. Now let's look at how this news has affected sales and the number of new users.

According to the chart, it can be seen that from about two weeks left to the deadline, the trading volume has increased, so it can be said that users have tried to buy at least 1 Whale to qualify.

Also, if we look at the number of new holders per day, the number of users has increased significantly from about two weeks before the deadline.

Conclusion

• The floor price has increased significantly since the initial date of Mint (December 17, 2021) until today and has reached 110 SOL from 1.
• The volume of trading related to this project reached more than 170K SOL.
• More than 5K users have bought and sold related NFT to this project.
• The daily number of new users and the volume of transactions are highly correlated.
• More than 60% of users are in Tier 1 category and also about 21% of them have purchased more than 10 Whales.
• The conditions of whitelisting in mint Bubblegoose Ballers have had a great impact on the volume of tradings as well as the number of new holders