Turning ~11 ETH to 862 ETH in 33 days flipping NFTs.

A thread 1. Not much has changed in the approach since the first thread.
@nansen_ai remains my most used tool for following smart money buys and is the reason for most of my buys/sells.

https://twitter.com/mevcollector/status/1424791788594814980

OpenSea has gained more than 40k users in the past week alone and broke its record volume the past weekend.

Dune Analytics: dune.xyz/rchen8/opensea

Some thoughts: 1. As more users enter NFTs, more liquidity is present allowing for quicker parabolic price action. Most of this liquidity is directed towards new projects, which now easily hit 3x mint and 2.5k+ holders in the first few days.

@0xShual @pranksyNFT @beaniemaxi @DerpyBirbsETH @opensea 1. Yeah that's how it works. I saw pranksy, stronghands and some others bought, before his tweet, so I bought as well.
2-3. The data is slow to update, but it doesn't look like that on my side for derpy birds. @0xShual @pranksyNFT @beaniemaxi @DerpyBirbsETH @opensea 4. Flippers are selling and exit liquidity is buying, so yes.
5. Yeah there's people buying the floor as they will shill.
6. People buy panic sold rares, since they are going to hold and shill. I didn't buy in this case, but yes that's what they do.

It ain't much, but it's honest work

@dopeshibas - +10 ETH [~848% ROI] in about 5.5 hours
mint was 0.025 ETH, floor now at 0.2 ETH

Reasoning on the trade and analysis using @nansen_ai 1. For this project, there was unusual buying by rare collectors.
Most likely influencers are lazy and frontrun on alts with some NFT activity, hence rare classification.

Applying technical analysis to NFTs?

Analysis of @pudgy_penguins, @alphabettyNFT, and @PurrnelopesCC using @nansen_ai. 1. Illiquidity of NFTs fundamentally causes significant volatility.

Price action reflects emotional biases:
liquidation cascade => flipper/panic sellers realize their life savings are in jpegs
up only => price discovery/FOMO further fueled by canceled listings

probably best r/r play I've seen
#welikethecats

Best NFT trades come from following the smart money. You can have 100 people spamming Discord with memes, but whales decide the bottom/top.

A look at @PartyPenguinNFT and @alphabettyNFT using @nansen_ai 1. @PartyPenguinNFT originally had a 0.03 mint price (excl. gas) and was down bad for holders (~66% down) for a few days. Yet top whales continued to have diamond hands till it sold out, then dumped for a strong 7-10x ROI.

Turning ~11 ETH to 82 ETH in 7 days flipping NFTs.

A thread 1. Initially minted 3 Cells at an average of 0.7 ETH from the @artblocks_io drop because of the hype, but they bricked.

Started to look for a more data-driven approach to buy.