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Q81. Which wallets have made the most SOL off NFT mints and NFT trades since the start of the new year?
Questions:
What types of actions have led to being a profitable NFT trader on SOL?
Is there a pattern behind their NFT trading strategy and can you define some of these traders as "smart money"?
Do you think you need to be a "whale" to do well trading SOL NFTs, or can anyone have success in this market?
NFT stands for non-fungible token. It's generally built using the same kind of programming as cryptocurrency, like Bitcoin or Ethereum, but that's where the similarity ends. Physical money and cryptocurrencies are “fungible,” meaning they can be traded or exchanged for one another.
An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with cryptocurrency, and they are generally encoded with the same underlying software as many cryptos.
Although they’ve been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. The market for NFTs was worth a staggering $41 billion in 2021 alone, an amount that is approaching the total value of the entire global fine art market.
NFTs are also generally one of a kind, or at least one of a very limited run, and have unique identifying codes. “Essentially, NFTs create digital scarcity,” says Arry Yu, chair of the Washington Technology Industry Association Cascadia Blockchain Council and managing director of Yellow Umbrella Ventures.
This stands in stark contrast to most digital creations, which are almost always infinite in supply. Hypothetically, cutting off the supply should raise the value of a given asset, assuming it’s in demand.
The charts below show the top 50 NFT buyers since the start of the new year.
According to these two charts:
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The wallet whose address was "EyWoDers" has bought 2222 NFT and take first place in the top 50 NFT buyers.
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Total NFT which has been bought in total is worth 6.4K sol in Solana.
The chart below shows the top 50 NFT seller since the start of the new year.
According to the chart:
- The wallet whose address was "Kr8W8Azc" has gained almost 5076 Sol and take first place in the top 50 NFT buyers.
The chart below shows the top 50 most beneficial users since the start of the new year.
According to the chart:
- Top most beneficial users was the wallet whose address was "Kr8W8Azc" has gained around 3K.
The chart below shows the top 50 most beneficial users based on total trades since the start of the new year.
According to these two charts:
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The wallet whose address was "GZ8SAD8" has bought 3418 NFT was the Top most beneficial users based on total trades.
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Total NFT which has been bought in total is worth 2.2\K sol in Solana.
The chart below shows the top 50 most beneficial users based on average days of holding NFTs since the start of the new year.
According to the chart The most time that user hold NFTs was 91 days.
The donut below shows the Percentage of collection and one NFT since the start of the new year.
According to the result :
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NFT collection: Of 2128 users 1356 of them have NFT Collection nearly 64%.
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One NFT: Of 2128 users 772 of them have only one NFT nearly 36%.
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as a conclusion most users have more than one NFT.
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