>>>Join us on Oxalus Wallet App to receive more NFTs news, helpful hints, and hidden gems.

Over the past 24 hours, Owl, a new NFT collection, has dominated the OpenSea trending chart, with an impressive trading volume of nearly 4,500 ETH. Its floor price has increased by more than 150% in the past 24 hours, currently trading at an average price of 0.366 ETH. Typically, collections like this stimulate a wave of FOMO, and eventually, there will be people who accept staying at the top after the hype. However, how can one detect signs of sharks leaving?

Upon examining the volatility of top wallet holders, it appears that the majority of Owls in these wallets have significantly decreased in quantity. Upon further inspection, it was discovered that the first two wallet addresses sold more than half of their Owls and made a profit double their purchase price. Additionally, there seems to be a negative correlation between the average price and trading volume. As a result, the daily trading volume has significantly decreased compared to a few days ago, indicating that there are fewer buyers and transactions are now mainly for taking profits.

Based on the above data, most sharks may be satisfied with the Owl and are quietly taking profits. Additionally, in the past 24 hours, there have been some transactions from two smart money wallet addresses. However, these two wallet addresses are recording large losses in NFT transactions. Therefore, the lesson learned is that smart money should be carefully concerned before making a decision. It can be a trap that tricks retail investors into poor trading positions. It is important to understand the manipulation and movement of smart money to avoid falling into such traps.