{"id":49,"date":"2022-01-09T06:47:29","date_gmt":"2022-01-09T06:47:29","guid":{"rendered":"https:\/\/article.nftgo.io\/?p=49"},"modified":"2023-08-24T06:07:56","modified_gmt":"2023-08-24T06:07:56","slug":"nft-whales-are-on-nftgoios-radar-en","status":"publish","type":"post","link":"https:\/\/goalert.nftgo.io\/research\/product-guide\/nft-whales-are-on-nftgoios-radar-en\/","title":{"rendered":"NFT Whales Are on NFTGo\u2019s\u00a0Radar"},"content":{"rendered":"\n
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NFT investors are constantly fed-up with data. The dynamic nature of this space causes information and insights from the top investors (aka Whales) to often get lost. It\u2019s hard to manually keep track of all the activities going on in the Whales\u2019 community. NFTGo\u2019s brand new future: Whale Tracking is the solution to this problem.<\/p>\n\n\n\n

NFTs are at an all-time high, but so are \u201cscammers\u201d. These projects can be hard to distinguish if you\u2019re not concentrating on the investor ecosystem. There are no definite answers in this market, but if you see signs of Whales buying the NFTs, it\u2019s a good indicator of the project\u2019s future. More on that on https:\/\/nftgo.io\/whales-tracking<\/a> to track the whales win the sales.<\/p>\n\n\n\n

A fantastic feature of NFTGo<\/a>\u2019s Whale Tracking is the real-time data from The Whales.<\/p>\n\n\n\n

Meet The Whales<\/strong><\/p>\n\n\n\n

Whales are Ethereum accounts with more than $1M worth of NFTs. As of today, 600 whales hold $2.08B worth of NFTs. This gives them a market share of 34.10%. They\u2019re a major stakeholder in this industry. They invest both their capital and fame in the projects they choose. This gives them the incentive to evangelize the project to their followers on Twitter and elsewhere. Hence escalate the project\u2019s growth and demonstrate potential to prospective investors.<\/p>\n\n\n\n

Whales are on our radar. Not only do you get a list of these accounts, but also you can concentrate on their activities in various dimensions. Whether you want to find the hottest project or the most expensive item bought by a whale or want a closer look at one specific whale, NFTGo has all the answers.<\/p>\n\n\n

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\"Data
Data Source: NFTGo<\/sub><\/figcaption><\/figure><\/div>\n\n\n

Rankings in-depth<\/strong><\/p>\n\n\n\n

We analyze the data we get from the whales in three dimensions. 1) Bought 2) Participated 3) Cost<\/p>\n\n\n\n

1.Bought Cheapest<\/p>\n\n\n\n

Whales are seasoned NFT investors and they are willing to pay mind-blowing prices to get the NFT they want. Whale Tracking becomes practical for daily users when we filter out all these transactions and rank the Cheapest NFTs.<\/p>\n\n\n\n

2.Most Involved<\/p>\n\n\n\n

But what collections are under these Whales\u2019 spotlight? NFTGO.io has an answer for that. In the \u201cparticipated\u201d section, you can view how many whales are investing in the project. We also compute the ratio of Whales in that project to the total number of Whales.<\/p>\n\n\n\n

3.Spent Most<\/p>\n\n\n\n

We also take a look at the highest prices Whales pay for NFTs. Under each number, you can compare the highest prices relative to the first place. This can give you insights about the overall state of the market. For example if a lot of Whales are paying huge chunks of money to buy an NFT, it\u2019s a sign of a bull run.<\/p>\n\n\n\n

Allowing everyone to monitor Whales activities<\/strong><\/p>\n\n\n\n

This is the core product and there are many ways you can customize and filter the data to get exactly what you need.<\/p>\n\n\n\n

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The key features of Whale Activities are:<\/p>\n\n\n\n