Thread by @lmkfun

Struggling with NFT investments? As it often happens, data is the answer.

Open Scopescan NFT Explorer to dive into holders' info and trading stats of your favorite NFTs.

Follow these steps ⬇️

1/ Open Scopescan NFT Explorer ⬇️



Search for your favorite #NFT Collection

Let's take #Milady as an example. scopescan.ai/nft?network=eth

2/ 🔎 On Milady's page, you'll find two distinct holder counts: 3579 and 3079 as shown in the image.

You might wonder, why?

Some entities hold more than one Milady NFT: 3579 represents how many ETH addresses hold this NFT, while 3079 indicates the number of actual entities.

3/ ✨ Some users hold the same NFT with multiple addresses. However, our Entity algorithm treats these as one holder.

Calculate the NFT's actual holder ratio: 3079/3579 = 0.86

Most NFTs have a ratio of 0.85. #Milady's distribution is relatively even, indicating no hidden whales

4/ 💸 Next, we all understand that liquidity is the lifeblood of NFTs.

Without it, trading NFTs becomes a pure gamble.

In the Daily Stats and Trading Volume sections you can monitor whether active entities or trading volume drop, staying on alert for a liquidity crunch.📉

5/ 📜 Scroll down to uncover whale data. Notice those holding hundreds of Milady? Tracking their actions might help you dodge risks.

If they sell, Milady's floor price could take a hit.

6/ 🔔 Utilize Scopescan alerts to track these addresses and get instant notifications on their sales.

7/ 🤔 On the Holders Analysis page, you delve deeper into holder insights.

Get details like holder addresses, Entity trends, diamond hands vs. paper hands, and recent whale holder position changes.

Discover insights that resonate with you.

8/ 🏆 Check out the Profit Leaderboard

Uncover the addresses that raked in massive profits from Milady, with some scoring hundreds of ETH.

What are their strategies?

Explore your favorite NFTs, start here:
scopescan.ai/nft?network=eth