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CoinGecko: Top NFT Traders Made Profits of $9.60 Million to $101.63 Million

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The non-fungible token (NFT) market has been a subject of intense scrutiny and interest, with top NFT traders realizing substantial profits. A recent study by CoinGeckopublished on August 4, 2023, sheds light on the investment returns of the top NFT traders on the Ethereum blockchain.

Key Findings

Top Traders’ Profits: The leading NFT traders have made profits ranging from 5,221 ETH to 55,291 ETH, equivalent to $9.60 million to $101.63 million at the time of writing.

Dominant Collections: Blue chip NFT collections from Larva Labs, Yuga Labs, and Art Blocks account for over 94.5% of total profits across the top 15 NFT traders. CryptoPunks alone represents an estimated 70.6% of top trader profits.

Top Trader: The pseudonymous SethS leads the pack with 55,291 ETH in profits, worth $101.63 million. The returns were made across 9 addresses consolidated into one NFT whale address.

CryptoPunks Millionaires: 11 of the top 15 NFT traders made millions from CryptoPunks investments, ranging from Franklin’s 1,782 ETH ($3.28 million) to SethS’ 49,216 ETH ($90.46 million).

Art Blocks and BAYC Investments: Art Blocks investments generated millions for 5 of the top 15 traders, while just 3 of the top 15 made millions from Bored Ape Yacht Club (BAYC) investments.

Analysis and Implications

The data suggests that NFTs have been a lucrative investment for those who have managed to identify collections that would become blue chips or have diversified their NFT investments. However, the report also emphasizes that not everyone is guaranteed to achieve the same success, and investment in NFTs requires skill, timing, and sometimes luck.

CryptoPunks continues to dominate the NFT trader rankings, with 8 of the top traders reaping more than half of their profits from this collection. Other notable collections include Art Blocks, Bored Ape Yacht Club (BAYC), Meebits, and Mutant Yacht Club (MAYC).

The top 15 most profitable NFT traders on Ethereum, as of August 7, 2023, include well-known names like SethS, Punks OTC, Mr.703, Pranksy, and Franklin, with realized profits ranging from $9.60 million to $101.63 million.


The study provides valuable insights into the NFT trading landscape, highlighting the significant profits made by top traders and the dominance of certain collections. While the success stories are inspiring, the report also serves as a reminder that NFT investments carry risks and require careful consideration and research. The recent shutdown of Mark Cuban-Backed NFT Platform Nifty’s on August 3, 2023, after failed investment opportunities, further underscores the volatility and uncertainties in the NFT market.

Image source: Shutterstock


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