NFT market heats up, what are the big whales and KOLs buying?

NFT Market Booms Investigating the Purchases of Major Investors and Influencers

In the past week, the Bitcoin ecosystem and related markets have been continuously hot. But perhaps some people haven’t noticed that the NFT market is also gradually moving out of its rising trend. According to BlockBeats’ observation, since November, whales have been buying Weirdo Ghost Gang, Yuga Labs’ Gordon Goner, Squiggle series, World of Women, doodles, and other NFT products. All signs indicate that the NFT market is gradually warming up.

NFT market trading volume has steadily increased in the past two weeks, with the floor price of multiple projects skyrocketing

According to NFTGO data, Ethereum NFT trading volume has increased by 79.46% in the past month, reaching 208,880 ETH. NFTs traded in USD have also shown substantial growth, with a trading volume increase of 102.83% in the past month, reaching a volume of 380 million USD. Looking at the data from the past week, the activity in the NFT market has been continuously refreshing. On November 7th, according to Dune’s data, Ethereum NFT trading volume exceeded 10,000 ETH, reaching 10,351 ETH, a three-month high.

In addition, on November 8th, according to Dune’s data, the trading volume of Bitcoin NFTs approached 16 million USD, reaching the second-highest historical point. This has also fueled the recent rise in the NFT market. On November 6th, the Nansen report stated that the NFT sales volume reached 68,342 ETH, equivalent to approximately 129 million USD in the week ending November 6th. The NFT trading volume has been steadily increasing over the past 5 weeks, with the lowest point being 29,704 ETH, equivalent to approximately 56 million USD in the week ending October 9th.

At the same time, according to BlockBeats’ observation, the floor price of NFTs including BAYC, Pudgy Penguins, Mocaverse, Gemisis, Back To The Future, DeGods, and others have experienced a general rise in the past half month.

Furthermore, according to BlockBeats’ observation, on November 4th, the floor price of “Gemesis” NFTs experienced a 108% increase in a 24-hour period, with a trading volume of 7.19 ETH. On the same day, the total trading volume of NFTs issued by RTFKT, a Nike-backed encrypted fashion brand, exceeded 1.4 billion USD.

What are whales and KOLs buying?

According to BlockBeats’ observation, the frequent trading of whales in the past week and the purchases made by many community KOLs have to some extent pushed up the market trend of NFTs.

Sofa Maker

Lost Miners x45: Co-founder @CryptoVonDoom shared his Sofa Maker NFT product on social media on November 13th. According to Blur data, the floor price of Sofa Maker is 0.2 ETH.

Squiggle

@GordonGoner (Yuga Labs co-founder) returned to the market in November and bought numerous NFT series products, including the Squiggle series NFT products purchased at a price of 36 ETH. The current floor price for Squiggle is 0.47 ETH.

Bored Ape Yacht Club

Former tech company founder and community KOL @elethera_art shared the new products purchased from Bored Ape Yacht Club on November 8th. According to Blur data, the floor price of the Bored Ape Yacht Club NFT series rose to 30 ETH on October 30th, with a 6.46% increase on the 7th, and currently fell back to 29.95 ETH at the time of writing.

Pudgy Penguins

As a star project in the NFT world, Pudgy Penguins has recently gained widespread popularity offline. boredmunchies founder @4evaFamouss bought Pudgy Penguins products in November. According to Blur data, Pudgy Penguins has a 9.65% increase in the past 7 days, with a price of 5.25 ETH.

The PlayBook host @shivst3r shared the Pudgy Penguins products he purchased on November 13th.

Cryptocurrency trader and KOL @Petroo_mm mentioned in his profile that he “holds more than 40 lilpudgys” and bought Pudgy Penguins for 140 pounds on November 10th. According to Blur data, lilpudgys has a 13.55% increase in the past 7 days, with a current floor price of 0.4 ETH.

Weirdo Ghost Gang

On November 8th, according to Blur data, Christian, co-founder of crypto fund NDV and NFT whale, established 1000 “Order Walls” for the Weirdo Ghost Gang NFT project at a price of 0.5 ETH, with a total value of 500 ETH. According to Blur data, little ghosts have a 30.56% increase in the past 7 days, with a price of 0.47 ETH.

On the same day, according to Blur data, NFT whale dingaling also bought 40 little ghosts, and Luca Netz, CEO of Pudgy Penguins, replied that he bought one little ghost.

World of Women

@GordonGoner shared his purchase of World of Women on November 10th and pointed out, “When I was looking for a project to imitate, I started browsing the world of women NFT collection and didn’t really know if I could find a project that would be meaningful to me. Then I saw this. It’s a version of my girlfriend, shining bright, always by my side, supporting me, loving me, enduring my endless nonsense. I’ll give this to her tonight. She doesn’t know. Does anyone know how to romantically give someone a jpeg?”

According to Blur data, World of Women has seen a 48.99% increase in the past 7 days, with a floor price of 1.03 ETH.

doodles

It’s worth noting that @GordonGoner has also bought doodles. According to Blur data, Doodles has seen a 34.32% increase in the past 7 days, with a price of 2.27 ETH.