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In this report, we examine the trading patterns and habits of three NFT collectors; Pranksy, Dingaling, and Wilcox. About when do they buy, when do they sell, and how do they profit from NFT assets?
As the NFT market continues its upward trend, it's worth analyzing what some of the most influential players in the space are doing right now. We are talking about NFT whales or top holders with huge buying power. In this report, we turn our attention to three of the most prominent NFT collectors in the space to identify trends and patterns based on their trading behavior over the past six months.
important points
important points
According to the DappRadar portfolio tool, the three whale wallets have a net worth of over $242.7 million.
Whale players have easier access to the metaverse, especially virtual land and voxel avatar NFTs.
Table of contents
Table of contents
Understanding NFT Whales
Pay close attention to the virtual world
Whale Wallets Are Prone to Fake NFTs
Increase focus on Doodles
support new projects
epilogue
epilogue
Understanding NFT Whales
Whales are one of the most relevant concepts in this industry. Wallets holding large amounts of specific tokens, including NFTs, are considered whales. These wallets have a lot of influence on the market, even enough influence to put pressure on buying and selling.
This time, we focus on three famous NFT collectors or NFT whales: Pranksy, Dingaling, and Wilcox. The top two should also be considered NFT influencers because of their active participation in the NFT community.
In addition, Pranksy has acquired more than 2,100 works in the past six months. They dumped 5,200 NFTs in the same time period, which shows that this person is following an aggressive investment strategy.
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Source: DappRadar Portfolio/Pranksy Wallet
Additionally, Dingaling owns nearly 400 Pixel Vault NFTs, 60 Cool Cats NFTs, and manages a large well-located plot in The Sandbox. The man has nearly 80,000 followers on Twitter and supports the LooksRare community. The wallet’s NFT portfolio has an estimated net worth of $53.4 million.
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Source: DappRadar Portfolio/Dingaling Wallet
Wilcox is the third wallet to be mentioned. Although Pranksy and Dingaling remain anonymous, they are active on social platforms and influential in the NFT community. Wilcox, on the other hand, is completely unknown except for rumors about his true identity. Nonetheless, Wilcox is the largest CryptoPunk whale and the fourth largest Meebit holder. Therefore, it is worth analyzing the whale pattern from the perspective of Larva Labs. The wallet holds over 1,200 NFTs, including Pixel Vault and CyberKongz. Although not as large a collection as rumored, Wilcox's purse is worth an estimated $66.7 million.
Contrary to Pranksy, Wilcox follows a passive investment strategy and his trading activity is not as active as other whales. Over the past six months, Wilcox has minted more than 1,000 NFTs but traded fewer than 100. Passive strategies are best for individuals who invest for the long term and may not experience strong trading activity in the coming years.
Pay close attention to the virtual world
Interestingly, these NFT whales have high exposure in digital land. Pranksy, for example, is the owner of a large parcel of land in The Sandbox and has traded more than 500 parcels of The Sandbox land in the past six months. In addition, Pranksy has more than 130 NFT Worlds, which is one of the hottest virtual world projects in recent times. The base price of NFT Worlds has increased by 1,046% in two months. Pranksy’s wallet also showcases 100 apartments of WorldWide Webb’s interoperable pixelated world and roughly 50 Decentraland NFTs, including wearables and names.
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Source: Penthouse 9030, DappRadar
Dingaling's interest in the metaverse leans more toward avatars -- another key aspect of the metaverse. Dingaling's wallet showcases a large collection of work from important avatar projects, including 157 Voxies, 150 VoxoDeus, and 17 RTFKT's Clone-X.
Wilcox has also expressed interest in virtual world avatars. Its wallet currently holds Sandbox voxels, CryptoVoxel land, Meta Key NFT, and five CyberKongz VX.
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Whale Wallets Are Prone to Fake NFTs
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Source: DappRadar
Whales and celebrity wallets will continue to be common targets for such actors, so using analytical tools such as DappRadar portfolios to confirm genuine NFT validity is critical.
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Increase focus on Doodles
At the time of writing, Pranksy is the fourth-largest Doodle holder, with some unique NFTs from this popular collection. Dingaling also acquired two collectibles, while Wilcox did not own any Doodles. Other NFT collectors who hold multiple Doodles are Gary Vee, Loopify, and Steve Aoki.
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Opinions on Larva Labs are mixed
Larva Labs, the team behind CryptoPunks, Meebits, and Autoglyphs, is one of the most influential names in the web3 space. CryptoPunks may be a symbol of the mainstream trend of NFT, and the release of Meebits has laid an important practical blueprint to become the standard for other projects.
Wilcox is the largest CryptoPunk whale (246 Punks) with 281 Meebits, making him the fourth largest holder, indicating that he is particularly interested in Larva Labs’ NFTs.
Lately, Pranksy seems to be paying less attention to Larva Labs. First, surprisingly, there are no CryptoPunks in his wallet. What's even more amazing is that he sold 96 Meebits in August 2021, leaving only one Meebit. As for whether he prefers other web3 brands or voxel avatars, that remains a mystery. It is worth noting, however, that his strategy for maintaining exposure within Larva Labs is to own at least one work.
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support new projects
In addition to well-known series like Doodles, Clone-X, and Azuki, we've also seen whales supporting recently launched projects like Killer GFs--a series that launched less than a month ago. Pranksy has at least 50 GFs in his wallet and Dingaling has 9 GFs in his wallet. Similar to this situation, CryptoBatz, Mfers and Party Degradens also appeared in the assets of these whales.
epilogue
epilogue
The three wallets analyzed in this report are among the most recognized collectors in the field, each with its own unique style. Pranksy owns many CryptoKitties, Avastars, and virtual lands, and Dingaling has a diverse collection portfolio that includes almost every top NFT item. Wilcox prefers to focus on Larva Labs, a brand that has the whales divided.
Still, these whale collectors have something in common. Notably, these collectors love the metaverse realms—whether they own digital lands or voxel avatars.
The second is support for new projects. With dozens of NFT collections launching every day, this space is definitely growing. We can see whales actively discovering and investing in new projects, it shows how collecting is still affordable and shows their potential.
