OpenSea Top Traders (February 2022)

I crunched the data on February’s 100 most profitable OpenSea trading wallets to learn about how they operate. Here are 5 insights I found 👇

Disclaimers:

• People can use multiple wallets, so 100 trading wallets does not necessarily equate to 100 individual traders.
• I chose to exclude wallets that sold NFTs but did not buy any to filter out 'vaults' (wallets that only get transferred to and occasionally sell), and focus on wallets users are actively trading with. I'm on the fence as to whether this was a good choice. 🤷🏿‍♂️

1/ The 100 most profitable trading wallets of February spent a total of $20.7M and earned a total of $139M on OpenSea that month.

2/ The project that February’s most profitable trading wallets spent the most money on that month was Invisible Friends with $1.68M in purchases by the group.

2nd was Karafuru ($1.42M spent by the group)

3rd was Azuki ($1.27M spent by the group)

3/ The project that February’s most profitable trading wallets earned the most money selling that month was 'CloneX - Takashi Murakami' NFTs with $16.6M in sales by the group.

2nd was Azuki ($14.7M earned by the group)

3rd was Bored Apes ($13.9M earned by the group)

4/ The median wallet in the group purchased 15 NFTs that month. The median wallet sold 114 NFTs that month.

5/ The median wallet in the group traded NFTs from 13 different projects that month.