Sharp Report: Profitable Traders Exit CryptoSimeji, Enter RENGA
Profitable traders are exiting the pixelated mushroom collection CryptoSimeji and buying revealed RENGA NFTs Tuesday.
CryptoSimeji has seen a net loss of 73 Sharp wallets (those that have made more than 50 ETH in profit) over the past 24 hours and RENGA has seen a net increase of 51 Sharp wallets over the same time period.
CryptoSimeji, which is set to reveal Friday, has seen its floor price go from 0.13 ETH to 0.25 ETH in the past 72 hours. In that time, sharp wallets have heavily traded the project, with thousands of unique Sharp wallets entering and exiting.
RENGA, which just started its reveal process that allows holders of RENGA Black Boxes to redeem their PFPs from artist DirtyRobot, has seen its floor price rise from 0.23 ETH to 0.29 ETH as Sharp wallets buy the NFT. The Black Box NFT floor price has risen to 0.58 ETH as of Tuesday.