Cryptopunk Sales and Traders
Which 10 wallets are the most successful Cryptopunk traders? Successful could either mean the wallet has accumulated a large balance from sales or has accumulated a large number of Punks.
CryptoPunks
10,000 unique collectible characters with proof of ownership stored on the Ethereum blockchain. The project that inspired the modern CryptoArt movement. The Cryptopunks are one of the earliest examples of a "Non-Fungible Token" on Ethereum and were the inspiration for the ERC-721 standard that powers most digital art and collectibles. Source
Methodology
In this dashboard First I count the number of sales and buys that happened by different wallets, How much they received or paid for them and how much profit they earned from these trades.
I used ethereum.core.ez_nft_sales
table and counted only sales with ETH or WETTH currency.
Top Wallets
Top wallets that accumulated a large number of Punks
In the following chart, you can see the Top 10 wallets that accumulated a large number of Punks ( total number of buys and sells) and How much (ETH) they profited or lost from these trades.
As you can see only 2 of these wallets did not lose ETH after these trades and the other 8 paid more ETH to buy NFTs than received ETH to sell NFTs. The following chart compares the profit (or loss) of trades with the Value of their Held NFTs (for calculation of NFT prices, the average price of CryptoPunks sales in the past 5 days has been used).
As you can see the second lowest gain is for the wallet that kept the highest number of NFTs (197) which also paid the highest amount of ETHs to buy those NFTs. After losing 15.13k ETH, now the value of its NFTs is 15.95k ETH which means after selling them it will reach a final profit of 814 ETH. 0x1919db36ca2fa2e15f9000fd9cdc2edcf863e685
The highest profit is for a wallet that sold 16 NFTs and bought 161 NFTs (kept 145 NFTs ). For the trades that wallet paid only 134 ETH but now the total value of its NFTs is 11.742k ETH which means a final profit of 11.608k ETH. 0x7d438bf6567673867480b7923669bf349e6c8c12
Top wallets with the highest sales profit
In the following chart, you can see the Top 10 wallets with the highest sales profit.
The wallet that gained the most profits from trades is a wallet that sold 170 NFTs and bought 13 NFTs. After these trades, this wallet gained 15.212 k ETH. An interesting point here is that among the wallets in “Top wallets with the highest sales profit“, this wallet sold a lower number of NFTs than 3 other wallets. 0x6639c089adfba8bb9968da643c6be208a70d6daa
Another interesting point here is that 2 of the wallets, bought more NFTs than they sold.
The following chart compares the profit of their trades with the Value of their Held NFTs.
As you can see by calculating the value of the traded NFTs by considering the average value of CryptPunks in the past 5 days, 5 of the wallets are still in profit and 5 of them by keeping their NFTs could have gained more profit.
Among these wallets, the wallet that gained the highest amount of profit is the wallet that bought 19 NFTs more than what it sold (gained 3874 ETH from trades) and its total profit (considering the value of NFTs) is 5413 ETH. 0x00b278dd68f9d8491795ffaf771120638bef1686
Top wallets with the highest total profit
In the following chart, you can see the Top 10 wallets with the highest total profit.
In this group of wallets, 6 wallets gained profit from trades but the other 4 loses ETH on their trades but all of them bought more NFTs than they sold.
In this group, we can see the effects of both trade profits and Hold profits.
The highest profit is for a wallet that sold 16 NFTs and bought 161 NFTs (kept 145 NFTs ). For the trades that wallet paid only 134 ETH but now the total value of its NFTs is 11.742k ETH which means a final profit of 11.608k ETH. 0x7d438bf6567673867480b7923669bf349e6c8c12
Conclusion
Overall in this case that the floor price ( average price of sales in the past 5 days) is high (around 80 ETH), and most wallets that bought more NFTs, gained more profit. Except for those wallets that bought NFTs when their price was close to the current floor price (like 0x1919db36ca2fa2e15f9000fd9cdc2edcf863e685
).
Most wallets that sold more NFTs than bought NFTs even though they gained profit in their trades (Because of the increase in the floor price), if they kept their NFTs
could have gained more profit now.
