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The majority of NFTs are owned by a small group of Ethereum whales, according to a new report.

According to new data, whales — large investors who have locked up the most accessible choices – possess the bulk of non-fungible tokens (NFTs), accounting for almost 80% of the market. According to data conducted by blockchain analytics platform Moonstream, individual investors contributed to less than 20% of the whole NFT market on Ethereum between April 1 and September 25, 2021.

Bitcoin’s October rally was mostly driven by whales, according to analysts.

Bitcoin is reaching its all-time high, and bullish contracts on crypto exchanges have seen a significant increase in demand. At the time of writing, the world's most popular cryptocurrency was trading at $61,089 (approximately Rs. 45,96,677) on Coinbase, bringing October's gain to over 40%. According to one expert, the current Bitcoin rise is being driven by whales, and short liquidations have yet to make a significant impact.
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