What is the NFTGo "Whale Tracking" feature?
What is a "Whale"?
You often hear the term"Whale"
in conversations among NFT communities and experts. For those just starting to learn about NFTs, you might be confused when the word "whale" suddenly appears. In short, a whale can be described as an "expert." They have a solid NFT asset base and occupy a dominant position on the top market charts. Because whales possess both passion and expertise in NFTs, they identify potential projects and participate in minting while investing vast amounts of capital at an early stage. Since their NFT investments can easily drive up the market value and price of a project, they can also serve as a natural marketing tool for the project. As the NFT investment market is relatively new, it is common to follow the footsteps of the most knowledgeable experts, i.e., the whales.
Therefore,
nftgo.ioallows you to track whales using a new feature called Whale Tracking.
NFTGo "Whale Tracking Feature"
The whale tracking feature tracks activities performed by specific wallets that execute transactions worth over $1 million from their digital wallets. Through NFTGo, users can grasp transaction information related to whales.
Through whale tracking, all users can know the strategies of whales in real-time.
1. Real-time Whale Tracking
Whales' past transaction details are collected and edited in NFTGo's whale tracker. Under this section, users can accurately grasp what moves whales have made recently and what actions they have taken in the past. This "action" refers to activities such asminting, buying, selling, and burning.
Users can also click on a whale's address to see an overview of the NFT name along with the gas fee (transaction fee). Clicking on the address will take you to a page saved for each whale, where you can view the individual transaction details of that whale.
2. Purpose of Whale Analysis
Collecting whale data is just the beginning. By taking NFTGo's features a step further and analyzing this data, you can gain more insights and useful interpretations. For example:
Which is the cheapest NFT a whale has bought in the last 7 days?
Which popular collections are many whales looking to buy?
Who is the whale that has spent the most in the last 7 days? etc.
3. Whale Tracking for Specific NFTs
You can see what actions each whale is taking and their respective transaction details just by clicking on the relevant address. Also,
you can follow whales so that you can check what they are buying in real-time.
Summary
Above, we introduced the"Whale Tracking Feature"for effectively tracking and analyzing whales on NFTGo. Looking at on-chain patterns is one of the effective ways to confirm actions taken by whales. While it is difficult for anyone to predict the future with certainty,
the movements of whales can be said to be an indicator for foreseeing and predicting the future and direction of NFT projects and the market as a whole.
What is NFTGo?
NFTGo is an NFT data aggregation and integration analytics platform that provides various services such as NFT analysis tools, market data, and whale tracking information that users can analyze directly.
Website: https://nftgo.io/ja
Twitter: https://twitter.com/nftgoio
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Mirror: https://nftGo.mirror.xyz/