Profitable Traders Leaving Trending Projects

In this post

Profitable wallets are exiting several projects that have sold out in the last week including 8liens, Moodies and Webaverse.

The following is a list of projects which have seen the highest reduction in sharp wallet ownership over the past 24 hours (profitable wallets are those that have made more than 50 ETH trading):

8liens (-62 sharp wallets, 0.177 ETH floor price)
Moodies by Hanuka (-41 wallets, 0.06 ETH floor price)
Webaverse Genesis Pass (-29 sharp wallets, 0.387 ETH floor price)

All projects sold out in the last week and have seen significant floor price movement. 8liens has seen the most volume of the group (4,536 ETH in past week) and is still owned by 10.85 percent sharp wallets and more than 1,204 of those wallets bought the project in the past seven days.

Author Bio

TD Marquis

A veteran journalist and editor with more than a decade's worth of experience, TD helped a small community newspaper in Vermont win a New England Newspaper Association Right to Know Award in 2014. TD helped compile five years' worth of invoices to uncover a long-established practice of small-town government officials paying themselves six figures to do small jobs around town. TD discovered NFTs with Top Shot in 2021 and his first NFTs on ETH were saving two Mooncats. He is now the proud owner of Rowhome #61 and 1,300 other NFTs of questionable value. He also sent 4 ETH to a fake Mekaverse site and wants Lucky Trader readers to avoid the same fate.

Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice. AI may have assisted in the creation of this content.