Who is bullish on Azuki? Analysis of the Eight Giant Whales

Azuki Elementals swiped the screen and caused controversy in the community, causing Elementals to fall below the issue price, and the floor price of Azuki once fell below 9 ETH.

The author will not go into details about Azuki Elementals’ release review and community discussion. In this article, the author will use the giant whale data to spy on the attitude of the most influential market participants in the NFT field towards Azuki Elementals.

According to OpenSea data, as of writing, the total number of Azuki Elementals (pictured) is 9456, of which about 60% of the holders hold 1 Elementals NFT, and about 38% of the holders hold 2-10 , about 2.6% of holders hold more than 10 coins.

Azuki Elementals holder distribution, source: OpenSea

In the Azuki Elemental Beans (not shown) series, 62% of the addresses hold 1, and 3.2% of the addresses hold more than 10. In contrast, 3.2% of the addresses in Meebits also hold more than 10 coins, 1.7% of the addresses in Azuki hold more than 10 coins, and the proportions of addresses holding more than 10 coins in BAYC, Milady Maker, and Doodles are 0.9%, 3.4% and 0.8%. It can be seen that the concentration of whales in Elemental Beans is still relatively high.

Azuki Elemental Beans distribution, source: OpenSea

The following is the Elementals participation of the eight giant whales selected by the author today. Among these giant whales, the addresses that participated in the sale have not yet begun to sell Elementals on a large scale. Most of them are on the sidelines or continue to be optimistic. There are also some addresses that have not participated in the sale but frequently trade in the secondary market. An NFT with certain properties. Of course, the signals released by these giant whales are relatively one-sided, and there is a high possibility that they will go against the market trend.

Andrew Kang: Azuki Elementals First Giant Whale (580 pieces)

According to OpenSea data, the largest holder of Azuki Elementals is beanwhale.eth, which holds 580 Azuki Elementals NFTs, accounting for 6.76% of the current total circulation of Azuki Elementals. The address was flagged by Nansen as Andrew Kang, co-founder of Mechanism Capital.

Andrew Kang has always been a staunch supporter of Azuki. He said a few days ago that Azuki is currently the top 3 NFT series, focusing on fashion, technological innovation (ERC721A, entity-NFT PBT), etc., and is expected to become the largest series.

So where did the Azuki Elementals from beanwhale.eth come from? The address obtained 290 unopened Elemental Beans NFT airdrops for holding Azuki 4 days ago (15:03, June 24), and minted 290 ETH in a transaction at 00:03 this morning. Elemental Beans NFT, the average minting cost is 2 ETH.

At present, beanwhale.eth has all opened Elementals. So far, no Elementals transactions have been seen in the secondary market.

According to NFTGo data, in terms of the number of NFT holdings, in Andrew Kang's NFT portfolio, the holdings of the three major series of Azuki (Azuki Elementals, BEANZ and Azuki) accounted for nearly 75%, of which 299 Azuki and 436 BEANZ were held Official.

beanwhale.eth NFT holdings distribution, source: NFTGo

0x1E193 Address: Elemental Beans No. 1 Giant Whale

The blue-chip giant whale at address 0x1E1936 currently holds 459 Elemental Beans and 26 Azuki Elementals, temporarily ranking as the largest whale in Elemental Beans.

At 15:02 on June 24th, address 0x1E1936 received 101 Elemental Beans airdrops in one transaction, and then received multiple Azuki and BEANZ from addresses such as grails.grail.eth and grail.eth to participate in the pre-sale, and then At 00:07 this morning, 177 Elemental Beans were minted with 354 ETH, and 74 Elemental Beans were minted with 148 ETH at 00:10.

Then the address sold 14 Azuki to get 132 ETH, and then minted 62 Elemental Beans again at 04:44 in the morning (the strange thing is that the transaction method is "Claim", not "Airdrop", and it does not consume ETH, it may be claimed for airdrop ), and then swept 24 Elemental Beans on Blur at 05:28, with an average price of 1.94 ETH.

The first transaction at this address occurred about 3 months ago. Currently only holds the Azuki ecological NFT series, including 141 Azuki and 78 BEANZ Official.

Source: NFTGo

luggis.eth: largest pre-sale purchaser

According to OpenSea data, as of writing, luggis.eth holds 126 Azuki Elementals (3rd) and 295 Elemental Beans (4th).

luggis.eth is the largest pre-sale buyer of Azuki Elementals, spending a total of $1.5 million to purchase Elementals, among which 207 Elemental Beans were minted at 414 ETH at 00:04 in the morning, and 200 Elemental Beans were minted at 00:10 at 400 ETH Beans.

Below is luggis.eth's NFT portfolio aggregated by NFTGo.

Source: NFTGo

In addition, the luggis.eth subdomain vault.luggis.eth currently holds 207 Azuki, 254 BENZ Official, and 141 Elemental Beans.

christian2022.eth: willing to bid $40 million to acquire Azuki

The next thing to observe is the address of the big account christian2022.eth, which belongs to Christian, a partner of NextGen Digital Ventures. It is currently the second largest whale of Azuki Elementals Beans (356 pieces), and the second largest Elementals pre-sale purchaser.

According to NFTGo data, it currently holds 703 BEANZ Official, 39 Azuki, and 54 Azuki Elementals. christian2022.eth half-jokingly said today that it is willing to bid $40 million to acquire Azuki. Recommended reading "Interview with the NFT giant whale planning to acquire Azuki: I increased my position, NFT will not die"

Source: NFTGo

christian2022.eth minted 39 Azuki Elementals Beans in the pre-sale at 00:02 this morning at 78 ETH, then minted 332 Azuki Elementals Beans at 664 ETH at 00:10, and then minted 39 Azuki Elementals Beans at 09:04 Claim.

suicide.eth: Pay up to $53,000 in transaction fees when participating in the presale

suicide.eth was the fourth largest Elementals pre-sale participant, minting 136 Azuki Elementals Beans with 272 ETH, and it is worth noting that it also paid a whopping $53,000 (approximately 28.6 ETH) in transaction fees.

suicide.eth dumped 7 Elementals Beans early this morning, and then transferred 104 Elementals Beans to two other addresses. As of writing, suicide.eth holds 16 Elementals Beans.

Source: Etherscan

Huang Licheng: Frequently operate the Azuki series and buy the frog attribute Elemental with 36 ETH #19481

Huang Licheng (machibigbrother.eth) did not participate in the Elemental pre-sale, but he frequently operates the Azuki series of NFTs today, and holds 344 Azuki Elemental Beans (the third largest whale) as of writing.

It is worth noting that Huang Licheng purchased Elemental #19481 with frog attributes for 36 ETH today, setting the current highest transaction price of this NFT series.

dingaling.eth: 122 Elemental Beans NFT minted with 244 ETH

Early BAYC participant dingaling.eth is also a large Azuki holder, currently holding 122 Azuki, 167 Azuki Elementals and 63 Elemental Beans. dingaling.eth minted 122 Elemental Beans NFTs at 244 ETH at 00:09 AM.

@pimpcapital: 9th Largest Azuki Elementals Giant Whale

The blue chip whale PimpCapital (0x66666...66666) currently holds 50 Azuki Elementals (the ninth largest whale).

It is worth mentioning that the TeamAzuki team currently holds 107 Elemental Beans NFTs, ranking tenth on the list.