Smart Money NFT Traders [Solana Bounties]
Questions answered in this dashboard
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Which wallets have made the most SOL off NFT mints and NFT trades since the start of the new year?
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What types of actions have led to being a profitable NFT trader on SOL?
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Is there a pattern behind their NFT trading strategy and can you define some of these traders as "smart money"?
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Do you think you need to be a "whale" to do well trading SOL NFTs, or can anyone have success in this market?
- This graph shows the top 15 wallets with the the most SOL off NFT mints and NFT trades since the start of the new year. The wallet with address "6CkoU4m27Lw3yyUugj116DthmrbNhmRgsC4jMCiRUchj" had the highest number of NFT mints (n = 10), followed by the wallet "29hcg7nN7unogHZTe72dL9C6SSG2hGbMtmK9egS7guub" with 6 NFTs minted, and "CVKvgKfHZBbuLVnUkP7NP88Q26M8kYq34uTKTReLwvTL" with 4NFT minted in the second and third places.
- According to this graph, the highest amount of profit obtained by trading NFTs is 274.77152968 SOL realized by the wallet AQ3ihWtuMwz22FTft6iC7LUSjUyPNxau4ESu4ZfD6u8p with only 1 NFT trade.
Is there a pattern behind their NFT trading strategy and can you define some of these traders as "smart money?
Considering the number of NFTs traded by these wallets, it is seen that the majority of them have only minted one NFT and gained their profit through buying and selling it. Therefore, this profit has not been obtained by trading a large number of NFTs; rather it seems it has been gained through buying and selling that NFT even in a daily basis.
The diagram below shows the activity of these top wallets to make profit from their NFT trades
Do you think you need to be a "whale" to do well trading SOL NFTs, or can anyone have success in this market?
As seen, the high number of NFTs with high volume have not traded to say that they are certainly whales. Therefore, it can be said that we do not need to be a whale to do well trading SOL NFTs and every body has chance to be successful in this market.