Solana - Smart Money NFT Traders
Check the status of Solana NFT traders and find smart money and NFT Whales.
Q81. Which wallets have made the most SOL off NFT mints and NFT trades since the start of the new year? 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?
description of work
- In this work, we examine the status of Solana NFT minters and Solana NFT traders and find smart money and whales in Solana NFTs.
As it turns out, only three addresses have above 2000 mints did in Solana in 2022.
G5ZXNYFoJyhMq3C1G9zdSkSwH17Ap1wfbh5RPGjZa8GW
5h9zvzm2siCWtDNKUsqa12akPPaYV1D2uep2KE7DGvAQ
FU1tDd78JKyLqDT6jRUhgLkxdnuYu1Z9nJL2QfwjtWuv
Also, many addresses have less than 5000 NFT mints on Solana.
As it turns out, only 4 addresses have above 3000 purchases on Solana NFT marketplaces
GZ8SAD8ebL3eMo1vBGF7cvnzzy3aFRhZeXoXV7gUJzEb
DHZSdSTzsn5u8SJZY7JgurBEmRs2o75gBevYuRJbNThi
8zgVbReQx7JEoDJwW9CDVye5okBU6JjzXM4k8WMJs14m
GvJpGW5sgLbHBkG7RWiVSkvYqauJ5YKukgYaKMfsLjNR
Also, many addresses have less than 2000 NFT trades on Solana.
To find the whales, we need to find the addresses has the largest volume purchased in the Solana NFT marketplace
As can be seen from the chart above, the address 5RrNnGAdg5jv9PGQL2QRcChJoLkUhqVcBdVDraGcbFM2
has purchased the largest NFT volume(in SOL)and is the largest NFT whale.
But the more interesting point is that this address is not among the top 3 addresses that had the most purchases on the Solana NFT marketplace!
With 324 trades, this wall has been able to purchase the largest number of NFTs in 2022.
As you can see from the chart above, the NFTs related to Solana Monkey Business
collection had the most purchases, and smart money entered these NFTs.
This smart money can enter various things over time. Like other NFT or other cryptocurrency collections that can increase their value.