NFT EveningNFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
      • Columns
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
      • NFT Launchpad
    • Newsletter
    NFT EveningNFT Evening
    News

    Home » News » NFT whales hold more than 80% of all NFTs on Ethereum

    NFT whales hold more than 80% of all NFTs on Ethereum

    By Ross WardropOctober 23, 2021Updated:February 1, 20232 Mins Read

    A recent report from Moonstream, published on October 21st, has discovered that NFT ‘Whales’ hold more than 80% of NFTs on Ethereum. 16.71% of wallets, of people who are known as whales, are said to own 80.98% of the NFTs on the most popular blockchain in the space.

    Ethereum NFT Whales
    A large portion of the Ethereum NFT market is currently dominated by ‘whales’

    About NFT Whales

    NFT whales are those in the space with a large amount of capital to splurge on any NFTs they want. This is a small percentage of people. Most are still at the stage where they can’t afford some of the most popular projects like Cryptopunks or Bored Ape Yacht Club. Comparatively, these so-called ‘whales’ may be able to afford several NFTs from these blue-chip projects. In addition to this, the other time you may have heard of whales in NFTs may be Weird Whales. This was a project created by a 12-year-old and it has since been extremely successful.

    What do These Statistics Mean?

    This is a very clear imbalance between those with a large amount to spend, versus those with a lot less to spend. Although despite this, having big names in the space is positive, as they can share it with their audiences. However, this small amount controlling over 80% of the NFTs leaves the remaining 83.29% of holders to share a meagre 19.02% of tokens.

    The market however is still open for most. At mints, for example, most projects are keeping the mint price at around 0.1 ETH. This is currently $402 as we’re currently experiencing a crypto bull run, particularly for Ethereum and Bitcoin.

    Currently, according to the study, the vast majority of its participants are small-time purchasers who likely make their purchases manually. And over time, the number of whales holding projects in the NFT space will alter. This will allow for more non-whales to get their foot in the door of the ever-growing NFT market.

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    NFT Marketnft whale
    Previous ArticleHarlem Globetrotters’ NFT sitcom will be a partnership with Snoop Dogg!
    Next Article Legends of the Metaverse Plan for an Open World Game
    Ross Wardrop
    • Twitter
    • Instagram

    A multimedia journalist and social media manager based out of Glasgow, Scotland. Massive interest in sports, specifically basketball and football.

    More great NFT Evening content:

    Trip.com Launches Trekki NFT: Your Passport to Extraordinary Travel Experiences!

    June 4, 2023
    FC Barcelona and Plastiks Join Forces to Create Sustainable NFTs

    FC Barcelona’s Eco-Friendly NFTs: Plastic Crisis Meet Soccer Legends

    June 4, 2023
    NFTs and Beyond: GameStop's Journey into the World of Web3 Gaming with Telos

    GameStop and Telos Forge Path for Web3 Gaming Advancement

    June 4, 2023

    BAYC Goes Hollywood: NFT Primate Scores Major Movie Deal!

    June 3, 2023

    Japan’s Tech Renaissance: Sony Launches Web3 Incubator Program

    June 3, 2023
    Blur vs OpenSea has been a major saga this year

    Blur vs OpenSea: Who REALLY Won The Marketplace Wars

    June 2, 2023
    NFT holders are a favorite target of hackers

    Stolen NFTs: Hackers Strike Blur, Stealing Rare Otherdeeds, Beans and Doodles!

    June 2, 2023

    Red Bull Racing Makes Crypto History with SuiNetwork Partnership

    June 2, 2023

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version