Covalent’s latest findings in Cointelegraph Consulting’s biweekly newsletter indicate that the nonfungible token, or NFT, market has whales of its own.
The largest user on OpenSea makes up $192 million in reserve capital, while the other users in the top 20% by value transacted only account for $8 million. Similarly, Rarible has a whale with $311 million in their wallet, and the other top 20% of active users collectively have $9.2 million.