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.
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.
