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How to track NFT whales?

Read this article in 12 Minutes

Become a "Whaling Master" in an ever-changing market.

Original title: "Detailed Analysis of NFTGO.io Functions: How to Track NFT Giant Whales to Get the Best Benefits?" "

Original author: Coco, NFTGO

NFT investors are often troubled by massive data and information sources. It is difficult to gain insight into the activities of giant whale groups by yourself. NFTGO.io's newly launched "Giant Whale Tracking" function provides a solution to this problem.

NFT is at a historical high, but the phenomenon of misleading is also intensifying . It is difficult to distinguish without focusing on the investor's ecosystem. In a rapidly changing market, if a giant whale buys NFT, it indicates that the project is quite promising.

< h3>Approaching the Giant Whale

The giant whale refers to the possession of more than Ethereum account for $1 million NFT. As of today, a total of 600 giant whales hold NFTs worth approximately US$2.08 billion, with a market share of 34.10%. As the main stakeholders of the industry, they not only invest funds in the selected projects, but also promote the projects to their followers through platforms such as Twitter, so as to promote the growth of the projects and show the potential of the projects to potential investors.

For a long time, NFTGO.io has been paying close attention to the dynamics of giant whales, and is committed to transforming giant whale data into useful information for users information. Not only can you see the list of giant whales, but you can also examine their activities from multiple dimensions. Whether you want to search for the hottest items, find the most expensive NFTs bought by a whale, or want to learn more about a specific whale, NFTGO.io is the place to go.

Data source: NFTGO.io

Segmented ranking

We analyze giant whale data from three dimensions:

1. Buy

As experienced NFT investors, giant whales will buy NFTs they are optimistic about at extremely high prices. "Giant Whale Tracker" will filter relevant transaction data for users and present the NFT leaderboard with the lowest price.

2. Participate in

Which projects are most concerned by giant whales? In the "Participation" column, you can see the number of whales investing in the project. In addition, we also calculated the proportion of the number of giant whales participating in the project to the total number of giant whales.

3. Price

Users can see the highest transaction price of the NFT of the giant whale, and Compare the highest transaction price with the first transaction price, so as to understand the overall situation of the market. For example, if many whales pay large sums of money to buy this NFT, it is a bull market.

Monitoring the dynamics of giant whales

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In this core function, users can customize and filter data in many ways, and finally get your information required.

The main features of "Giant Whale News" are as follows:

·Real-time update

· Detailed transaction information (buyer, buyer, item, transaction item, transaction price, Gas Fee and even Etherscan transaction link!)

· Data Filtering and Customization

Real-time data

NFTGO.io will continue to track the latest developments of giant whales and continuously obtain data from the blockchain. Users only need to click the refresh button to update the activity list. No need to worry about forgetting to update. Whenever a new event is found, NFTGO.io will remind you with a red dot above the refresh button, so you won't miss any information!

Details determine success or failure

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"Giant Whale Dynamics" will be your ultimate weapon to dig deeper into giant whale activities. NFTGO.io covers all the activity data you need. NFTGO.io sorts activity by most recent transaction time. If you want to know more about the buyer's or seller's account, just click on the corresponding address. At the same time, NFTGO.io also shows the transaction price of NFT tokens (that is, ETH). Additionally, the icon in brackets indicates the Gas Fee for each transaction. If you want to learn more about it, you can click the button to jump to Etherscan.

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Using Data to Optimize Decisions

With the help of NFTGO's filtering function, users can filter all the data in "Giant Whale News" according to the following conditions:

· Project

·Event Type

·Date

How do I find the most popular items?

NFTGO.io sorts the items according to the latest transaction time by default. Users can view the item image of each transaction on the right, or click "All items ” button to modify the default settings and search for the selected NFT item in the menu.

For example, users can find the latest activity of whales on CryptoPunks (CryptoPunks is always a favorite of whales).

Data source: NFTGO.io

What the hell is the giant whale doing?

On the blockchain, anyone can do the following things in the NFT market (at least for now):

Buy

Cast

· Sell

· Destroy

You can click the "All" button to filter and view the types of activities you care about.

In the following In the visualization chart of the recent dynamics of giant whales, we can see that purchases account for 68% of the activities of giant whales.

How to locate the time?

NFTGO.io has all the data of giant whales’ past transactions. Users can check the giant whale activities in a specific period by selecting the corresponding time in the calendar.

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Analyzing the Behavior of Giant Whales

In-depth study of the head whale can help us better understand their strategies.

The address 0xef...dB currently holds over $537 million in NFTs. It can be seen that they chose a relatively concentrated strategy and participated in only 12 projects. This portfolio shows that whales have confidence in only a few projects, but are extremely bullish on them. As you can see on the right side of the page, they hold 323 NFTs in the Meetbits project alone. Through NFTGO.io, users can dig deep into the chain data of giant whales.

Data source: NFTGO.io

Analyzing different wallets can help us explore multiple strategies and study them in depth one by one. The wallet address with the second largest holdings is 0x55FaF0e5E6e532b1C5799bDEec1A0F193E54a92D, with a total of about $50 million. They hold a total of 150 NFTs, are only involved in 3 projects, and have a fairly concentrated portfolio.

Going further

NFTGO.io is committed to becoming the entrance of the NFT ecology, so that everyone can easily enter the NFT world. Statements such as "data is the new oil" are often brought up. Data is a powerful tool, and the treasure is the insights you get from it. By tapping into the power of data, you can make better investment decisions.