Oxalus Insights 60s Analytics

60s Analytics: A Mint Master Just Bulk Minted A New Collection. Should We Follow?

60s Analytics Mar 2 2023

Tracking smart money over the past 24 hours, we discovered that the wallet address labeled “NFT Rising Star” has been continuously minting NFTs of a collection called Crypto Tates launched yesterday. Specifically, more than 20 NFTs have been minted in the last 20 hours, and the current floor price is 0.0015 ETH.

Let’s check out this wallet address. Although the portfolio value is not high, the ROI is impressive. When looking at the wallet’s transaction history, we found that this trader’s strategy is to mint new collections. For example, the most recent collection is “Many Leg”, which was minted for 0.02 ETH and then sold for an average price of 0.09 ETH. Additionally, two weeks ago, this trader minted a collection called “UNITS” in large quantities and sold it for 20 times more, earning a profit of about 7 ETH.

Based on the above data, it can be a good signal for us to put this wallet address in the reference list. On-chain tools are a great way if you want to profit from daily NFT trading. We recommend using Oxalus’ Upcoming NFTs tool to find new collections. Pairing this with Nansen’s Smart Money tool will enable you to monitor the behavior of professional traders, allowing you to discover your own hidden gem.

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