NFT Paper Hands On Ethereum. In this post we are gonna analyze what… | by Adria Parcerisas Albés | Feb, 2022

In this post we are gonna analyze what are the top 100 most paperhanded trades on Ethereum over the past 2 months.

Note: we understand “paperhanded” as bought and sold for a loss usually within a short period of time.

In the table below, we can see what are the top 100 most paperhanded trades on Ethereum during the past 2 months. In order to represent it in a clearer manner, I have uploaded as well a chart based on every paperhanded trade in terms of their impermanent loss and their previous USD value by time.

If we look at the chart below, we can see that there are like a batches of paperhanded trade events. The green lines correspond to the previous price values of each NFT, the black lines correspond to the current sold value of them, and finally, the red lines correspond to the paperhanded lost in the trade. We will do a deep analysis later to understand that. Finally, it is to say that there are 3 top parpehanded with a huge loss. The first one was in September 6th with more than 400k, the second one was near September 10th with almost 0.5M lost, and finally, the top 1 was between September 19–26 week, with more than 0.7M lost!

To sum up, we have seen how not always the NFT trading is successful. Obsviously, you only see news in the social medias about how people are getting money from that, but it is not always as seen there. In fact, the major times people don’t get money when do transactions like this, and seems difficult taking into account the current gas fees in Ethereum network. Then, if you are one of who traded with some NFT and didn’t obtain any profit, do not worry about that, you are in the major percentage side 😊