The type of whales in the NFT scene
Types of whales in the market
- 1)The friendly intelligent neighbourhood whale
- 2)The whales that are here purely for profit
- 3)The blind whales that fomos
- 4) Gary Vaynerchuk
1)The friendly intelligent neighbourhood whale Some of these types of whales are
@OttoSuwenNFT @pranksy @NFTLlama @takoa__ @SneakyninjaNFTs
and someone’s name that starts with a B and ends with an E that’s not in a great light now
This is the type of whales that are beneficial in the nft scene because when they truly believe in a project that they wholeheartedly believe, they will aped in hard unlike us just buying 2–3, they would buy around 30–40 if it’s a truly great project
Some of the examples are @OttoSuwenNFT and his @wolfdotgame and @SlimHoods play
@SneakyninjaNFTs and his @DreamlandGEN play
2)The whales that are here purely for profit. These are the type of whales that we just do not need in the nft scene. These are the type of whales that would exploit the vulnerability of the smart contract of certain projects and would mint a whole ton during the public sale.
E.g. They bought 100–200 on the public sale for 0.08 $eth +0.03 $eth gas and would transfer some of them to their other wallet so as to prevent fud. They would then list it at 0.2 $eth and just because of the sheer amount that they have, it would cause a thick wall at the range.
Their accounts are normally just numbers on their Opensea and would not have any Social Media linked to their Opensea account. They would normally buy into the popular and promising projects, that’s why there are times when projects just couldn’t break the wall and just die off
This type of whale is definitely detrimental for our ecosystem but nothing could be done except have other bigger whales out there that could break the thick wall for us. This type of whale would destroy a project that worked hard to deliver just for that little bit of profit.
3)The blind whales that fomos.
This type of whale is just rich and is easily influenced by people’s words and blindly buying into projects. This whale might or might not be good depending on how you see it. If used well, they might be able to help a promising project out a lot.
This group of whales belong to the super-rich and is just in the nft scene for a quick thrill, basically gambling, though we are all degens doing the same. But they are doing it at a different level.
The user manual for this type of whales would be to first find them, befriend them and sike you can’t find them most of the time. They are the fiat rich group and they prolly ain’t interested in us anyway.
What else do I have to say? One of his tweets can literally change lives, be it yours or the founder of the project. This is literally an rng play and there is no way like literally no way you can predict this . Except maybe if your project is massive enough and it aligns with his raison d’être.
Conclusion of thread:
Whales exist even if you do not know of any and there is nothing you can do to prevent/predict whale movement in our industry. This is just a harsh world out there and whales dictate how the market moves even if you do not like it.
