Original author -CoinGecko Lim Yu Qian
Compiled - Odaily Jessica
Editors note: CoinGecko released the NFT whale investment report. In order to have a clearer understanding of the investment and profits of the NFT whales, Odaily compiled it as follows:
Who are the top 20 Ethereum NFT whales?
The top NFT whale is SethS, who has a portfolio worth 11,748 ETH (worth approximately $19.23 million as of September 19). Wilcox follows with a portfolio worth 11, 336 ETH (approximately $18.55 million).
These top NFT whales on Ethereum are almost all multi-millionaires based on the value of their NFT holdings, but have not yet reached the level of billionaires.
Among the top 20 NFT whales, 18 whales hold CryptoPunks. The only one without CryptoPunks, Huang Licheng, holds BAYC worth 4552 ETH, ranking tenth.
Top Ethereum NFT whales, ranked by portfolio value (converted to USD), ranging from approximately $4.29 million to $19.23 million
Top NFT Whales vs Top NFT Traders
According to CoinGecko data, as of September 20, top NFT traders have made profits ranging from 5,221 ETH to 55,291 ETH by investing in Ethereum NFTs, worth $9.6 million to $101.63 million.
Four of the top 20 NFT whales are also among the top 15 NFT traders. SethS is the top NFT whale and trader, ranked #1. Likewise, Mr.703 ranks third in both statistics.
in other words,SethS and Mr.703 are probably one of the most successful early NFT investors.
On the other hand, the second largest whale, Wilcox, ranks lower as an NFT trader and has relatively modest profits. The smaller NFT whale Punks OTC is the second most profitable NFT trader. This may highlight two different NFT investment strategies,Wilcox focuses more on long-term appreciation, while Punks OTC prioritizes short-term high profits.。
What NFTs does Whale hold?
Nearly all of the top NFT whales’ valuable portfolios come from holding CryptoPunks. For 18 of the top 20 NFT whales, blue-chip PFP NFT collectibles account for at least half of the portfolio value.
Many NFT whales are considered the OGs of CryptoPunks and participated in the minting of the series. In particular, Wilcox currently has the most CryptoPunks at 215, while SethS has 668 CryptoPunks V1.
The exceptions are Machi Big Brother Huang Licheng and JRNY Crypto, who became the top NFT whales with BAYC. Machi achieved his NFT whale ranking with 135 BAYC, while JRNY Crypto (or Tony) holds 103 BAYC. As of this writing, neither man holds any CryptoPunk in their portfolios.
Unlike the other 19 largest NFT whales,Huang Licheng is the only whale to lose money from NFT investment, the estimated total profit and loss (PnL) is approximately -6,776 ETH, most of which is unrealized loss.
Biggest NFT collector
Among the top 20 NFT whales, 7 are also big collectors: SethS, Wilcox, Mr.703, Gary Vaynerchuk, Machi, ddaavvee, and JRNY Crypto, who have more than 1,000 NFTs in their respective whale portfolios, For example, NFT whale ddaavvee holds a large number of 4872 NFTs in its athrab.eth address.
Five of the top 20 NFT whales have exceptionally diverse portfolios, with each NFT coming from more than 60 Ethereum holdings. The ddaavvee collection is very diverse, holding over 202 different series, followed by Machi, which holds 101 different series. By comparison, the average number of different NFT collections held by top NFT whales is about 34.
Note: This research is based on the NFTGo rankings as of September 18, which ranks whale addresses with NFT portfolio valuations of at least $1 million. NFTGo identifies highly related addresses based on received and sent volumes and investigates whether they belong to the same whale, grouping them together if relevant.
