Hot Ball of Money (Solana NFTs)

    Q84. Compare Solana NFT sales activity on "new" collections to the activity on more established collections within the ecosystem.

    The questions that in this dashboard will be addressed:

    • Has the trend been to buy into the hype or invest in builders for the long term?

    • What do whales seem to be doing?

    • Has it been more profitable to mint/buy these new hyped collections and flip them, or to invest long term into NFT collections?

    Method

    I trying to looking through the Solana.core.fact nft mints file to locate the First mint of each NFT. Following that, she joined the NFT sales table. Those collections of NFTs that were coined on or after March, 2022 are considered new, whilst those collections of NFTs that were minted before that date are considered ancient.

    Whales are defined as wallets that have purchased at least 100 NFTs with a quantity equal to or greater than 1000 sales.

    Analysis

    The shown chart presents an overview of the overall daily sales volume of both new and dated NFTs. After dividing NFTs into new and old collections on March 1st, we found that the total sales of old collections had declined, while the total sales of new collections had climbed. When compared to older NFTs, users are more interested in recently published collections.

    The above chart compares the overall daily number of sales generated by New NFTs versus those generated by Old NFTs. As can be seen, the overall number of new collections was more than the number of old collections.

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    The proportion of total sales revenue contributed by both the Old and New collections. As can be seen, Old collections accounted for about 58 percent of overall sales, while New collections brought a little more than 42 percent of the total revenue.

    These Percentages for volume in sale are about 58 and 41% respectively, as following chart.

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    The above chart presents an overview of the total purchase volume of Whales from both older and more recent collections. As can be seen, the volume of sales for new collections is significantly higher than that of sales for old collections.

    deference on April 23th is so highlighted and more significant.

    The graphic that above presents an overview of the total number of Whales bought using both old and new NFTs. It would appear that age was not a factor in their purchasing decisions. They sought for ways to increase their profits. As can be seen, there were days when the new collection increased while there were other days when the old collection increased more.

    According to the this two DONUT charts, the New Collections account for 29 percent of overall sales by whales, while the old Collections account for 71 percent of sales.

    And these percentages for amount of sales volume are 58% for new collections and 42 % for old collections by whales.

    Findings

    According to the findings of our inquiry, Whales looked into purchasing an NFT through whatever means possible, whether those options were new or old. It didn't make a difference if the thing was brand new or thousands of years old. From their activities, I can assume that they do not keep their NFTs for the long term but rather sell them off immediately when they want to make a profit.

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