The Untraceable NFT Whales: How to Use Nansen's Newly Launched NFT Module?

This article is sourced from BlockBeats, authored by 0x13.

The NFT space is increasingly resembling the cryptocurrency market from two months ago, opening up a "zoo" on the blockchain, where you can truly see a variety of "animals."

In this "zoo," there are monkeys, dogs, cats, horses, cows, sheep, owls, and even snowmen, aliens, and robots. On the OpenSea leaderboard, aside from the consistently top-ranking CryptoPunks and Bored Ape Yacht Club, almost every other project on the leaderboard undergoes significant changes every couple of days. Every day, several NFT collectible projects are launched, with some people expressing aesthetic fatigue towards these NFTs, while many others are tirelessly battling in various primary markets every day.

After NFT players have snatched up various NFTs, they encounter new challenges.

NFTs are a type of digital commodity, so they do not possess the strong liquidity of cryptocurrencies like Bitcoin. Therefore, reselling requires reaching an agreement with buyers on the selling price and finding a mutually acceptable price. Thus, estimating the potential value of an NFT series, predicting overall market trends, and finding potential buyers become crucial issues. Additionally, after participating in numerous NFT projects, calculating how much a wallet has spent in total, how much profit or loss it has, and how to manage one's NFT portfolio more efficiently becomes another challenge.

Recently, the blockchain analysis platform Nansen launched an NFT section, featuring various interesting functions to help NFT players better analyze market trends, collect and organize data, and more effectively mitigate risks.

Note: All features of Nansen require payment to use. To experience it, you can pay $9 for a 7-day trial period. If you wish to continue using it after the trial, you can make further payments to avoid unnecessary financial losses.

User Guide

After paying and logging in, select the NFT module, which has three different functions.

"NFT Paradise" provides an overview of the NFT market in the past 24 hours, including market trends, trading volume trends of the top five NFT collectible series, profit account rankings, and smart money purchasing decisions.

In "NFT God Mode," entering the contract address of an NFT allows you to query various information about that NFT collectible series, including average transaction price, total trading volume, holder information, and NFT distribution information. If you do not know the contract address of an NFT, you can also click on a specific NFT collectible series in "NFT Paradise" to enter its God Mode.

"NFT Item Profiler" allows you to query past transaction records and price curves by entering the specific NFT contract address and item number.

How to Analyze NFT Market Trends

To fully understand the overall NFT market trends, we can start with NFT Paradise.

Which NFT Projects Stand Out

The first section of NFT Paradise is an overview of the NFT market in the past 24 hours. In this section, you can see the total trading volume, total market cap, highest/lowest/average transaction prices, number of transactions, and contract deployment date for various NFT collectible series.

Clicking on a specific project will redirect you to that project's NFT God Mode. Here, you can see detailed information about the project, such as total supply, price curve, transaction volume change curve, and more.

The second section shows the trading volume curve of the top five NFT collectible series in the past 24 hours.

NFT Whales Have Nowhere to Hide

The third section is the profit account ranking, where we can view each account's total profit, profit margin, total expenditure, total income, number of NFTs bought/sold, and number of NFT series bought/sold in ranked order.

Clicking on a specific account will reveal more detailed information, as well as the specific NFT holdings of that address. We can also clearly see the profit/loss situation of each NFT collectible series.

For example, the image above shows the account of the famous NFT collector Pranksy, who earned 2064 ETH solely from the Bored Ape Yacht Club project, with a return rate of 2113%.

Another example is the address atblank.eth, which ranks first with a total return rate of 5020%. They invested only 9.4 ETH to achieve a profit of 472 ETH. How did they accomplish this?

Upon opening this address, we find that they spent a total of 5.6 ETH to purchase Autoglyphs from Larva Labs, then sold half for an income of 479 ETH, with a profit of 476 ETH and an astonishing profit margin of 13219%. Currently, the floor price of Autoglyphs has also reached 109 ETH.

The final section covers smart money purchasing decisions. For more information on what "smart money" means, you can read the previously published article by BlockBeats titled "Nansen: Whales and Smart Money Have Nowhere to Hide."

After fully understanding the overall market trends, we can also check our own NFT investment results by simply entering our wallet address in the Wallet Profiler.

As we all know, Nansen is a powerful tool for data analysis on the Ethereum chain, and its previously launched features have helped many DeFi users grow rapidly. This time, the NFT module launched by Nansen also helps users analyze the NFT market from various angles, providing unique and useful information while offering a more comprehensive understanding of the entire NFT world.

Source link: https://www.chainnews.com/articles/531072984669.htm