Magic Eden Whales

    Track the top 20 wallets in terms of sales volume on Magic Eden since March 1st. What have these wallets been buying and selling the most over that time period? As in, which collections seem to have their attention? Do these wallets tend to "sweep" (buy a lot of the same collection at once) or patiently buy collections? How often are these wallets buying vs selling NFTs and what does their profit look like?

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    Method

    In dis dashboard I will analyze:
    1- How Many NFTs Were Bought by Top 20 Buyer Wallets
    2- How Much SOL Were paid by Top 20 Buyer Wallets 3- How Many sweeps Were Happened
    4- Most Bought NFT Projects

    Top 20 Buyer Wallets

    We can find the Top 20 buyer wallets in 2 different categories: 1- Wallets that bought the highest number of NFTs and 2- Wallets that paid more money for NFTs
    In the following tables and graphs, you can see both groups but consider that this dashboard is about the second group.

    SWEEP

    As I mentioned earlier, I will analyze the second group which paid more money for NFTs. This group bought 4138 NFTs and Paid 57.5k SOL.

    Sweep is the act when one wallet buys a lot of the same collection at once. In my dashboard order to recognize sweeps or not, I set 2 conditions. First, buys should be in a one-hour period. Second, the wallet should be more than 10 NFTs.
    Now you can see the results in the following table.

    2614 NFTs were bought when there was a sweep action. that means more than half of them (57.5%)
    In the following graph, you can see the Timetable of buys and the area of circles are related to the number of NFTs.

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    NFTs

    In the following table, you can see the list of buyers and the number of their NFTs related to different projects. Unfortunately, I couldn't find the name of all the NFTs.

    Conclusion

    • when the whales buy NFT, there is a 57.5% chance of sweeping
    • DeGods is the most bought NFT protect by the whales