Key NFT Holder Insights Unearthed by Coingecko’s Analysis

Crypto News– A recent analysis conducted by Coingecko has unveiled the identities of NFT owners. According to their study, even amidst the challenges posed by a bear market, the top twenty Ethereum NFT holders have amassed NFT portfolios collectively valued at an astonishing $4.29 million.

These individuals, often dubbed crypto magnates, have defied the odds to become NFT billionaires. Leading this elite cohort is SethS, whose NFT portfolio surpasses all competition, boasting a staggering value of $19.23 million (equivalent to 11,748 ETH). SethS rightfully holds the throne as the supreme ruler of the NFT realm.

Key NFT Holder Insights Unearthed by Coingecko’s Analysis

In the shadow of SethS, we find Wilcox, the second-wealthiest NFT holder, whose portfolio commands 11,336 ETH, translating to an impressive $18.55 million in USD. While Wilcox may be just shy of SethS’s fortune, he remains a formidable force in the NFT arena.

What’s particularly fascinating is that four out of the top twenty NFT holders also rank among the top fifteen NFT traders. Operating under the veil of anonymity, Seth now wears the dual crowns of both the largest NFT holder and the most active trader. Another enigmatic figure, Mr.703, secures third place in both categories.

Insights into the Ownership Portfolios

Seth and Mr.703 epitomize successful early NFT investors, skillfully navigating the delicate balance between profit-taking and preserving blue-chip NFTs. In contrast, Wilcox, the second-largest shareholder, maintains a lower profile as an NFT trader, with a focus on the long-term appreciation of NFTs.

The second most profitable NFT trader, Punks OTC, prioritizes seizing immediate gains. Interestingly, the wealth of most of these NFT titans can be primarily attributed to their CryptoPunks holdings, constituting at least half of the portfolio value for 18 out of the top 20 NFT holders. Many of these colossal NFT collectors are CryptoPunks “OGs,” instrumental in the coin’s inception.

For instance, Wilcox boasts ownership of 215 CryptoPunks, while SethS holds a substantial cache of 668 CryptoPunks V1s. However, the emergence of Yuga Labs’ Bored Ape Yacht Club (BAYC) has propelled Machi Big Brother and JRNY Crypto into the upper echelons of NFT holders. JRNY Crypto, boasting 103 BAYCs, and Machi, amassing 135, have ascended to NFT whale status. Remarkably, none of them possess any CryptoPunks in their portfolios.