Cryptopunks, Blue Chips Power Top NFT Traders
Coingecko’s latest NFT report shows that top 15 Ethereum NFT traders have amassed up to $101.6 million in profits. These traders capitalized on early investments in blue-chip NFT collections like Cryptopunks, BAYC, and Art Blocks, earning between $3.3 million and $101.6 million individually. The report highlights the strategic investment choices and collections that have fueled the success of these traders.
Coingecko’s study analyzes the top 100 Ethereum NFT traders’ realized profits, focusing on tangible earnings from NFT sales. The top traders primarily wagered on blue chip NFT collections, which have skyrocketed in value. Larva Labs’ Cryptopunks account for 70.6% of total profits, followed by Art Blocks’ generative art at 12.2% and Bored Ape Yacht Club at 5.5%. The top 15 traders’ investments have significantly impacted the market.
(With inputs from Shikha Singh)
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