Introduction:

Magic Eden is the leading marketplace for NFT sales on Solana blockchain. The whales of this marketplace are determined based on the sales volume since March 1st.

After that, the behavior of these determined whales is analyzed based on their participation on NFT collections.

The introduction of whales are varied in each investigation so, in this dashboard the top 20 wallets on Magic Eden are considered as whales.

The top 20 wallets based on the sales volume on Magic Eden and since March 1st are determined and shown in this figure.

As shown in this figure, the sales volume of first wallets was over 881 Sol. The remainder of wallets with their exact volume of sale are presented in this figure, respectively.

The NFT collections that used by these whales are demonstrated in this pie-chart. As shown in this chart, near 30% of whales are used Jelly Beasts collection since March 1st. Space runners, Galactic Geckos are remainder of collections with their share of application are presented in this figure, respectively.

In the last part we want to provide answer to this question: Do these wallets tend to ""sweep"" (buy a lot of the same collection at once) or patiently buy collections?

The dates of bought for each NFT collections by whales are presented in this bar figure. For example the Jelly Beasts NFT collection are bought on March 3th and the phrase sweep can be used for this one because the whole sale of this NFT collection is done in the specific day at once.

For other NFT collections the exact date and number of sales are provided in this figure.