Source: https://twitter.com/defi_mochi/status/1621911129009315841
Author: @Defi_Mochi
Compiled by: Shiwen, Odaily
As February approaches, the thing that NFT players are most looking forward to is the issuance of coins by the NFT aggregation trading market Blur.
Blur made a great start with the new airdrop trick of "opening blind boxes", which also aroused everyone's FOMO sentiment of getting rich from airdrops. In addition, Opensea, the leader in the NFT market, has been slow to issue platform coins, so everyone's expectations for the value of Blur tokens have gradually increased. After three rounds of airdrops, the number of people using Blur has surged. Among them, whales almost monopolized the rankings and also briefly boosted the trading volume of NFTs. According to Dune Analytics data, Blur's trading volume in the past three months has exceeded US$200 million, far exceeding similar NFT aggregators.
Another investment idea that is different from the "wool party" is that the price of NFTFi-related tokens may rise after Blur launches the token on February 14. Analyst defi_mochi analyzed the recent increase in Whale Wallet's holdings of NFTFi tokens to let everyone know how they allocate assets. Odaily Planet Daily compiled and sorted out its posts, and hereby reminds you that the on-chain data is only for reference. Please operate with caution and do not be impulsive.
First, let’s take a look at the data of various NFTFi tokens over the past 30 days.
X2Y2 Whale
1. Wallet address: 0x160A8D28D63961297e51E4f1a0401bf4D27f5162
Current token balance: 274,831 USD
Average Cost Basis: $0.15410
Total token profit: $52,884
The address seems to have made huge profits from LDO tokens when the LSD concept was popular. On the ETH mainnet alone, his wallet balance exceeds $4.8 million. He also holds DYDX and LOOKS tokens.
By tracking the wallet, we found that he bought a large number of X2Y2 tokens on February 1 and 2. By tracking the wallet address, we can understand the configuration of X2Y2 tokens.
NFTX Whale
Wallet address: 0xfB4cB868727D9622258bf2B26A8CFc95f6742669
Current token balance: $78,827
Average Cost Basis: $19.06986
Total token profit: $30,554
At the time of writing, the price of NFTX tokens has risen to $33, not far from the price at which the wallet purchased it at $19, but he did not continue to increase his position, only buying once and holding it.
The address also holds a large position in DeFi insurance token NXM, and has been holding NFTX tokens. Since the NFTX token has only risen by about 50% since he entered the market, and considering that the market value of the NFTX token is only $11 million, I personally think it is still a potential token.
BEND Whale
Wallet address: 0x726CDC837384a7Deb8bbea64beba2E7b4d7346c0
Current token balance: $132,444
Average cost basis: $0.00786
Total token profit: $76,111
The address entered the market at $0.00834 for the BEND token, when the trading volume of the BEND token was $49,000, which was a perfect entry point. Since then, the token has been rising all the way.
The address also holds FXS tokens, which surged from $4 to $12 due to the LSD concept. However, the current price of the BEND token looks a bit risky as it has almost tripled.
JPEG'd Whale
Wallet address: 0x346F1d297C98C28574742B067b67A80cdA2Dc0d9
The address purchased more than $52,000 worth of JPEG tokens at a price of $0.0912, which is not far from the current price of $1.43.
I am particularly bullish on JPEG tokens as this whale owns over $800,000 of JPEG tokens and is still buying them heavily at $0.09.
