{"id":66,"date":"2022-01-17T07:28:28","date_gmt":"2022-01-17T07:28:28","guid":{"rendered":"https:\/\/article.nftgo.io\/?p=66"},"modified":"2023-08-24T06:06:14","modified_gmt":"2023-08-24T06:06:14","slug":"nftgos-new-nft-whale-tracking-features-spot-the-latest-whale-activities-en","status":"publish","type":"post","link":"https:\/\/goalert.nftgo.io\/research\/product-guide\/nftgos-new-nft-whale-tracking-features-spot-the-latest-whale-activities-en\/","title":{"rendered":"NFTGo\u2019s New NFT Whale Tracking Features: Spot the Latest Whale\u00a0Activities"},"content":{"rendered":"\n
\"\"\/<\/figure>\n\n\n\n

NFT Whales have been our go to resource for finding the latest NFT investing strategies. Investing is all about seeing what other people don\u2019t, spotting opportunities and being early to trends. Whales have been making the headlines in the past year. From buying Punk 4156<\/a> at the crazy price of 2500 ETH -roughly $10M- to collecting Apes<\/a> and Generative art<\/a>. Whales are breaking records in market share. From NFTGo\u2019s latest stats, 860 Whales are occupying over 27% off the entire NFT market cap<\/a><\/strong>.<\/a><\/p>\n\n\n\n

We have updated our Whale Tracking feature with new options and more robust data analysis tools.<\/p>\n\n\n\n

In this article, you will learn how to leverage the data from these NFT whales to maximize your profits and make strategic investments. NFTGo\u2019s new Whale Tracking features unlock the secrets behind the Whales\u2019 enormous profits.<\/p>\n\n\n\n

Whales are putting millions of dollars at risk to collect NFTs. Therefore, they are the most serious player in the market. Understanding the reasons behind their strategic decisions and analyzing their actions can help you look beyond what everyone is seeing. This broadens your perspective about the market. Let\u2019s see how with NFTGo\u2019s Whale Tracking, you can get great insights from data.<\/p>\n\n\n\n

Breaking down the changes in Whale Tracking<\/strong><\/p>\n\n\n\n

Whale Tracking has advanced to four separate features. This allows you to organize and chunk down the data and find the information you need quickly and efficiently. We analyze the Whale activities in three sections:<\/p>\n\n\n\n

    \n
  1. Activity<\/li>\n\n\n\n
  2. Trades<\/li>\n\n\n\n
  3. Whales<\/li>\n<\/ol>\n\n\n\n

    Each of these 3 sections serve information about an aspect of Whale activities. Every section includes its unique analysis tools that let you dive deeper into the Whale data in that section.<\/p>\n\n\n\n

    Trend recognition<\/strong><\/p>\n\n\n\n

    Before diving into the more specific data, it\u2019s always worth it to broaden our perspective and look into the general trends. The purpose of the Activity section is to visualize the overall Whale activities data. <\/a>This is important for analyzing trends in Whale activities. Each data point is organized with more details about the transaction in the table below the graph.<\/p>\n\n\n\n

    The line graph shows the changes in the frequency of Whale activity through time in relation to the number of active Whales. You can see that it bounces up and down during the week.<\/p>\n\n\n\n

    The line graph shows the changes in the frequency of Whale activity through time in relation to the number of active Whales. You can see that it bounces up and down during the week.<\/p>\n\n\n

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

    The bar chart is composed of sale, buy, mint and burn activities. This is a comprehensive overview of all the Whale activities encapsulated in one graph. It is aimed to allow you to compare Whale activities easily. The graph illustrates relatively similar portions of buy and sale activity. In some cases, burning is quite small and in other times, burn activity is insignificant.<\/p>\n\n\n

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

    This chart indicates that there\u2019s an emerging pattern in minting activity. By looking at the table below we can see where this trend is coming from.<\/p>\n\n\n

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

    NFTGo\u2019s data engine allows for filtering and sorting data. Here, I used it to select the minting data from the past 24 hours. We can see that the increase in minting activity in the bar chart occurred as a side effect of 19 Whales minting more than 200 NFTs in just 24 hours. You now know where this trend is coming from. You can also view the most popular NFT collection based on the minting activity concentration. Here, it seems like Whales are favoring Fox Game Official<\/a>.<\/p>\n\n\n\n

    When we look at the data from the past 30 days, we can see a more clear pattern in Whale activity trends. Other than the outlier on december 24th which caused about +13000% in burn activities, most of the buy and sell are consistent and minting activity occupies most of what Whales are doing.<\/p>\n\n\n

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

    What do Whales trade?<\/strong><\/p>\n\n\n\n

    -Buy and sell<\/strong><\/p>\n\n\n\n

    Now you can see much more than Buying and selling activities. NFTGo has the function to see Whales\u2019 most bought collections.<\/a> Here, you can see that most whales bought from the boonji project<\/a> during the last hour.<\/p>\n\n\n

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

    By choosing smaller time windows like 1 hour, you can immediately notice the latest projects that Whales are investing in.<\/p>\n\n\n\n

    You can see that among all the projects, most of the volume is occupied by Capsule House<\/a>. The Whale volume is the sum of all the sale volume generated by all Whales in the project.<\/p>\n\n\n

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

    By increasing the duration we can see the top projects in the last month. Along with the Whale rankings, you can also see the sum NFTs Whales bought in the collection. From the stats, we can see how only 96 Whales bought more than a thousand Art Blocks NFTs.<\/p>\n\n\n

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

    You can also switch to Sell mode and look into the data from top Whale sales. During the last 6 hours, most Whales have sold their Loot NFTs.<\/p>\n\n\n\n