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NFT market rebounds, what are whales and KOLs buying?

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Sofa Maker, Bored Ape Yacht Club, Squiggle, Pudgy Penguins, Weirdo Ghost Gang, and other NFT projects are favored by whales and numerous KOLs.

Table of Contents:

· NFT market trading volume has steadily increased in the past two weeks, with the floor price of multiple projects soaring

· What are whales and KOLs buying?

Recently, the market for Bitcoin-related ecosystems has been continuously hot in the past week. However, some people may not have noticed that the NFT market is also gradually emerging from the upward trend. According to observations by BlockBeats, since November, whales have successively bought NFT products such as Weirdo Ghost Gang, Yuga Labs' co-creation Gordon Goner, Squiggle series, World of Women, and doodles. All signs indicate that the NFT market has gradually recovered.

NFT market trading volume has steadily increased over the past two weeks, with several projects seeing significant increases in floor prices.

According to NFTGO data, the trading volume of Ethereum NFT has increased by 79.46% in the past month, reaching 208,880 ETH. NFT traded in USD has also seen a significant increase, with a trading volume growth of 102.83% in the past month, reaching a volume of 380 million USD. With the data from the past week as a starting point, the activity of the NFT market is constantly refreshing. On November 7th, according to Dune data, the trading volume of Ethereum NFT exceeded 10,000 ETH, reaching 10,351 ETH, a new high in the past three months.

In addition, on November 8th, according to Dune data, the Bitcoin NFT transaction volume approached $16 million, reaching the second highest historical level, which also fueled the recent rise in the NFT market. On November 6th, Nansen report stated that as of the week of November 6th, NFT sales reached 68,342 ETH, approximately $129 million. In the past 5 weeks, NFT trading volume has been steadily increasing, with a bottom of 29,704 ETH, approximately $56 million, as of the week ending October 9th.

Meanwhile, according to BlockBeats' observation, the floor prices of NFTs including BAYC, Pudgy Penguins, Mocaverse, Gemisis, Back To The Future, and DeGods have seen a general rise in the past two weeks.

In addition, according to BlockBeats observation, on November 4th, the "Gemesis" NFT floor price once achieved a 108% 24-hour increase, with a 24-hour trading volume of 7.19 ETH. On the same day, the total trading volume of NFTs issued by RTFKT, a crypto fashion brand under Nike, achieved a breakthrough of nearly $1.4 billion.

What are the whales and KOLs buying?

According to BlockBeats observation, the frequent trading of whales in the past week, as well as the buying of many community KOLs, may have pushed up the market of NFT to a certain extent.

Sofa Maker

Lost Miners x45: Co-founder @CryptoVonDoom shared his Sofa Maker NFT product on social media on November 13. According to Blur data, the floor price of Sofa Maker is 0.2 ETH.

Squiggle

@GordonGoner (Co-founder of Yuga Labs) returned to the market in November and frequently bought various NFT series products, including purchasing Squiggle NFT series products for 36 ETH at a price of. The current floor price of Squiggle is 0.47 ETH.

Bored Ape Yacht Club

Former technology company founder and community KOL @elethera_art shared the new product of Bored Ape Yacht Club that she purchased on November 8th. According to Blur data, the floor price of Bored Ape Yacht Club NFT series rose to 30ETH on October 30th, with a 6.46% increase on the 7th, and fell back to 29.95 ETH at the time of publication.

Pudgy Penguins

As a star project in the NFT industry, Pudgy Penguins has recently received widespread attention offline. boredmunchies founder @4evaFamouss bought Pudgy Penguins products in November. According to Blur data, Pudgy Penguins rose by 9.65% in 7 days, with a price of 5.25 ETH.

The PlayBook host @shivst3r shared on November 13th that he purchased Pudgy Penguins products.

Cryptocurrency trader and KOL @Petroo_mm introduced himself in his profile as "holding over 40 lilpudgys" and purchased Pudgy Penguins for 140 pounds on November 10th. According to Blur data, lilpudgys has seen a 7-day increase of 13.55% and currently has a floor price of 0.4 ETH.

Weirdo Ghost Gang

November 8th, according to Blur data, Christian, co-founder of the crypto fund NDV and NFT whale, has established 1000 Bid "order walls" at a price of 0.5 ETH for the NFT project Weirdo Ghost Gang, with a total value of 500 ETH. According to Blur data, Little Ghost has risen by 30.56% on the 7th, with a quoted price of 0.47 ETH.

On the same day, according to Blur data, NFT whale dingaling also bought 40 Little Ghosts, and Pudgy Penguins CEO Luca Netz replied that he had bought one Little Ghost.

World of Women

@GordonGoner shared on November 10th about his purchase of World of Women and pointed out that "when I was looking for a project to imitate, I started browsing the world of women NFT collection and didn't really know if I could find a project that was meaningful to me. Then I saw this. It's a replica of my girlfriend, shining brightly, supporting me, loving me, and enduring my endless nonsense throughout the journey. I'm giving this to her tonight. She doesn't know. Does anyone know how to give someone a jpeg romantically?"