Thread by @WholeMarsBlog

.@mevcollector turned 11E -> 862E (7736%!) by investing in the strongest NFT projects

But *how* do you identify these NFT projects?

I built a dashboard to assess the strength of NFT projects so you can find the next 100x!

(including the most profitable wallets to copytrade 💵)

1/ Let's use the dashboard to look at my favorite project, the Pudgy Penguins

As an overview, we'll cover:

- NFT sale price trends
- Average # of days held
- Unique holders
- Top $$ sales + traders 🤑
(and more)

Link for y'all to follow along with: dune.com/0xjaypeg/nft-c…

2/ *NFT sale price trends*

This chart plots individual sales as purple dots

It overlays the avg sale prices as the orange line

Outliers are excluded from the individual data points, but included them through the average (explaining the random blips)

Note: Luca acquired the..

3/ ...Pudgies in April '22 and its clear that afterwards the sale prices have on a steady path up

Looking at this chart, it's just a matter of time before another big move up. I'm stoked to see what's to come

So what does the other data tell us?

4/ *Average # of days held*

This chart helps visualize the average holding time

The bigger the dot, the higher the # of NFTs sold

Notice that initially, the dot sizes decreases and moves upwards along the # of days held

This tells us holding time is steadily increasing and..

5/ ..less NFTs are sold - an indication of strength

What about the bottom right corner?

If you look at the bottom right corner it's clear the # of days held decreased + circle size increases. Notice this starts around the end of '22

Why? $BLUR incentives

6/ *Unique Holders*

For a given NFT project, the more unique holders, the stronger

To illustrate: imagine each NFT was held by a unique wallet - there wouldn't be one individual that could "dump" on the rest

Btw, can you spot in the chart where Luca bought the Pudgies?

7/ *Top $$ sales + traders*

Ok this section is for you profit maxis

How can we cover the strength of an NFT community w/o looking at the most profitable trades / wallets?

These are the most profitable wallets and how much they’ve earned trading *JUST* the Pudgies

8/ So the top 3 most profitable wallets are:

0x1964 earning 1.2M+ (looking deeper, this dude sold 1 pudgy)
0x9e91 earning 1.1M+
0x8adc earning 800K+

These are insane and it's probably worth noting down the wallets to copy-trade :)

I’ll include link the wallets at the end 🤑

9/ What about the biggest individual sales?

In 1st Pudgy #6276 was sold for 1.2M+ in profits - this corresponds to the txn from wallet 0x1964

In 2nd we had .@KinkyBedBugs buying the backwards pudgy, making history and getting CT talking about udgies again

And lastly ..

10/ ..we had .@vince_can_dough buying 2 pudgies in a bundle transaction for 420E (how fitting lmao)

Crazy that within these 3 sales, the sellers collectively profited for over 2 million US dollars

Inflation is a bitch huh? 😏

11/ So finishing things up on the dashboard, we have:

- Average holding time
- days since mint
- % of NFTs since mint that were never sold

Tbh, not a great measure for the Pudgies but understandably so given the sale in April '22...

12/ But with how Luca is steering the ship, I'm excited to see how the average holding time improves

I used the Pudgies here, but the beautiful thing about the dashboard is you can use it to analyze any NFT project

Just add the contract address here, and hit 'Apply all ..'

13/ GLHF to all of you guys in finding the strongest NFT projects out there

Did you find this useful? Please like/retweet the first tweet if so, and follow me @0xjaypeg for more write-ups in the future



And as promised the most profitable wallets:

etherscan.io/address/0x1964…

etherscan.io/address/0x9e91…

etherscan.io/address/0x8adc…

H/T to @defi_mochi, @0xkyle__

👀

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