Insight into 2,000 Ethereum "smart addresses": What are the characteristics of meme big winners? Diamond hands or PvP?

Original title: "Two thousand smart addresses summarize the characteristics of Ethereum Meme big winners: Diamond hand or PvP | Nanzhi produced"

Original author: Nanzhi, Odaily Planet Daily

Recently, the Ethereum Meme craze has returned, and the on-chain Gas has also recovered. On the other hand, the Meme market atmosphere and players on Ethereum give the public an impression of "diamond hands" compared to other chains. Is the real winner a "diamond hand" or a PvP master? What are their data characteristics?

Odaily Planet Daily sorted out the TOP 100 profitable addresses of 20 Meme tokens in this article, including BURGER with a market value of millions, DOGE with tens of millions of dollars, Nerio and MOG with a market value of hundreds of millions, and analyzed their multi-dimensional characteristics.

Data Source and Processing Instructions

The data of each wallet in this article comes from GMGN, among which the unmodified basic data includes 7-day profit, 30-day profit, 30-day winning rate, and wallet balance. Custom data includes:

· Total profit: Due to the deviation of the total profit data of a large number of addresses on GMGN, this article uses the profit value of "the ten most profitable tokens" minus "the ten most losing tokens" to replace the total profit. If there are less than ten, the number is calculated as many as there are.

· TOP profit: Tokens marked as "insufficient liquidity" on GMGN but with large profits are excluded. Most of these are fraudulent tokens with fake market value. Then the profit values of the top 1, 3, and 5 tokens in terms of profit are counted respectively, and the same applies to losses.

· Average profit per purchase/sale: 30-day total profit ÷ number of purchases/sales within 30 days.

In addition, this article manually removed duplicate addresses, addresses that obtained a large number of tokens through transfers (such addresses may have problems in profit calculation), and MEV Bot addresses, and finally there were 1,581 addresses.

Wallet Data Analysis

How many diamond hands are there?

The total profit of the 1,581 addresses counted was US$208 million, with an average profit of US$131,900;

· The top 1 profitable token brought these addresses a profit of US$190 million, with an average profit of US$120,700;

· The TOP 1 tokens lost a total of $30.9 million, with an average loss of $19,500.

It can be seen that these "smart money" performed well in terms of profit-loss ratio, and only a 14% win rate was needed to achieve a flat return at a profit-loss ratio of 600%.

Furthermore, Odaily divided each address according to the total profit amount, and added TOP 3 and TOP 5 profit and loss analysis. The results are shown in the figure below:

· The more total profit an address has, the higher the profit-loss ratio or "diamond hand degree";

· The profit-loss ratio of TOP 1 is higher than that of TOP 3 and 5, which means that these "smart money" addresses often achieve large profits through a single token.

How often do diamond hands trade?

Furthermore, we removed the addresses with ETH balance less than 0.1 ETH in the wallet or those that had not traded in 30 days, and found that all addresses traded 337 times on average in 30 days. The details of the total profit interval are shown in the following table:

· Unexpectedly, the most profitable addresses traded much more frequently than other intervals. Perhaps these addresses tried to find opportunities more frequently;

· The most profitable addresses also made much more profit per transaction than other addresses. After verification, it was mainly because a few addresses purchased several tokens worth tens of thousands of dollars before Nerio was listed on Binance, resulting in a particularly high average profit for a single address;

· Profit 10 The "average profit per sale ÷ average profit per purchase" of addresses with more than 10,000 USD is significantly lower than that of other intervals, indicating that these addresses tend to buy at a low frequency and then ship in batches.

Win rate and profit interpretation

Similarly, the average of win rate, 7-day profit, and 30-day profit is analyzed by interval, and the results are shown in the following table:

It can be seen that, unlike Solana, the win rate of each interval of the profitable address is not particularly high. Combined with the above two sections, on the basis of maintaining a certain win rate, the focus should be on expanding the profit-loss ratio.

(For detailed analysis of Solana smart money, please see "A look at a thousand Solana "smart wallets": Who is making a lot of money? What can we learn from it?")

For addresses with profits of more than $200,000, the 7-day profits and 30-day profits are very close, mainly because some addresses have made huge profits on Nerio in recent days. This means that addresses with profits between $50,000 and $200,000 are slightly better in terms of sustained profitability, and readers who prefer this strategy should pay attention to them.

Negative profit addresses have a low winning rate and sustainable losses, which can also be used as a reference for "counter-pointers".

Appendix

The complete version of Ethereum smart address data is as follows:

https://docs.google.com/spreadsheets/d/1FFkd-eu9oTKgEhbUJ9X6kcwQMhromkFd65Is_M8FzZ0/edit?usp=sharing

The complete version of Solana smart money data analyzed in July is as follows:

https://docs.google.com/spreadsheets/d/1HIKLZF-XKf2EFcj-nvBX3Lj_HapQ-UqMeIgLJCtEN_0/edit?usp=sharing

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