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69 DeGods NFTs swept in massive buy

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DeGods: NFT whales are individuals or entities that own large amounts of NFTs, which are digital assets that are unique and cannot be replicated.

They may be collectors, investors, or creators of NFTs, and they often have significant influence in the market.

Due to their ownership of a large number of NFTs, they can potentially control the supply and demand of certain NFTs, as well as the prices.

One NFT whale spent a bulk to obtain 69 DeGods NFTs through Magic Eden, intending to bridge them to Ethereum.

DeGods NFT

In the Solana NFT space, DeGods have become one of the most prominent NFTs, racking the most trading volume in SOL than other projects.

DeGods is a Solana-based NFT collection of deflationary art comprising 10,000 virtual gods.

The NFT project plans to make the switch to Ethereum, attracting the attention of a prominent player in the space.

DeGods NFTs launched in late 2021 but only rose in prominence and value in 2022.

DeLabs developer, under Rohun Vora or the pseudonymous Frank, debuted a reward token.

It also rolled out new art pieces and bought the rights to a BIG3 basketball league team.

Finally, DeLabs launched y00ts, a follow-up project to DeGods.

The news

On Monday, Pokeee, a pseudonymous NFT trader, spent almost $1 million to buy 69 DeGods NFTs.

He bought the NFTs via the Magic Eden marketplace with tools that allow buyers to “sweep the floor,” otherwise known as buying specific amounts of NFTs from a project.

Traders typically purchase amounts of low-priced NFTs in a project as an investment, especially in the event of the collection becoming a future success.

Purchase buildup

On January 13, Pokeee promised to make the massive purchase if his tweet reached 1,000 likes .

He said he would buy 69 DeGods NFTs to support the project’s switch to Ethereum.

Three days later, he made the purchase for over $900,000.

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The marketplace

Previously, Magic Eden only allowed 50 NFTs to be purchased at a time with its bulk buying feature.

However, a prospective buyer prompted the marketplace to upgrade its functionality and enable the larger mass purchase.

The buyer urged the marketplace that the change was of “ultimate inconvenience.”


The massive DeGods buyer claims to own the Pokeee.eth Ethereum, holding three valuable Bored Ape Yacht Club NFTs, the titular Ethereum Name Service (ENS), and other NFT collectibles.

In addition, Magic Eden posted through its website, saying Pokeee claimed he runs a private crypto fund.

The NFT collector also confirmed he bought the NFTs to aid the move to Ethereum.

“My purpose of this investment is actually to have them bridged to ETH,” said Pokeee.

“Due to on-chain risks, I wasn’t able to deploy larger portions of my portfolio into Solana.”

“I was having fun in Solana on smaller NFTs and mints back then.”

Trading volume

According to CryptoSlam data, DeGods have garnered over $135 million worth of trading volume.

The NFT project’s total USD trading value beat projects like Solana Monkey Business and Degenerate Ape Academy, both of which were popular SOL had more value.

As a result, DeGods tops all SOL projects with 3.7 million SOL worth of trading.

The switch

In late December, DeLabs announced that the DeGods NFT project will be bridged to Ethereum’s mainnet.

Meanwhile, y00ts will head over to Polygon, an Ethereum sidechain.

DeLabs plans to complete the switches by the end of the current quarter.

In addition, they disclosed that they received a $3 million grant from Polygon Labs, allowing y00ts to switch over to Polygon.

DeLabs will put the funds into hiring efforts and later launch a crypto incubator as a means to support the NFT ecosystem.


A Bored Ape whale just spent nearly $1 million on DeGods NFTs

Polygon paid y00ts NFT collection $3 million to leave Solana

Solana starts 2023 with boost in $11 price jump

Image source: CNBC

Solana: For the past year, the crypto market has been highly volatile, with some tokens spiking while others were dropping.

However, 2023 is off to a good start for Solana as its price shot up.

According to CoinGecko, in the past 24 hours, the price for Solana (SOL) went up by 12.7%.

As a result, the price bump shot the cryptocurrency to reclaim $11 following days where it traded below double digits.

Solana currently sells for $11.11 as of this writing.


Last week, Ethereum founder Vitalik Buterin sent his support with a tweet.

“Some smart people tell me there is an earnest smart developer community in Solana,” he wrote.

“[And] now that the awful opportunistic money people have been washed out, the chain has a bright future.”

“Hard for me to tell from outside, but I hope the community gets its fair chance to thrive.”

The cryptocurrency

Despite getting a boost in support, Solana’s New Year surge hasn’t canceled the battering “Ethereum killer” has taken in the past few months.

Solana is down -19.3% in the past month and -93.8% in the past year.

The cryptocurrency also lost 95% of its value since hitting an all-time high of almost $260 in November 2021.

In addition, by market cap, SOL fell from being the fifth largest cryptocurrency in November 2022.

Recently, it slipped out of the top 20.

However, Solana now sits at the 18th spot.

Read also: Caroline Ellison pleas confirm SBF suspicions

FTX/Alameda ties

The cryptocurrency’s recent price drops can likely trace its downfall to the collapse of the crypto exchange FTX.

In November, the Solana Foundation released details of its financial entanglement with FTX and its sister firm Alameda Research.

While other cryptocurrencies suffered from the collapse, Solana took one of the more extensive damages due to its ties to the crypto exchange and Sam Bankman-Fried.

The Solana Foundation said it had over $1 million worth of cash or equivalent assets on FTX around November 6 before the site froze withdrawals.

The assets are currently stuck on the platform.

In addition, the Foundation said it merely amounts to less than 1% of its funds.

Other shares

The Solana Foundation also had over 3.24 million FTX Trading LTD common stock shares, 3.43 million FTT tokens, and 134.54 million SRM tokens from the decentralized exchange Project Serum.

The stash of FTT tokens was worth over $4.36 million, while the SRM tokens were worth about $29.3 million.

However, the tokens took a sharp price drop.

In addition, FTX and Alameda Research purchased over 50.5 million SOL from the Foundation, valued at around $708 million.

A significant portion of the SOL is locked in monthly unlock schedules until 2028.

Abandoning ship

Since then, several major projects have announced plans to leave the Solana ecosystem.

Last week, two top Solana NFT projects announced they were leaving the blockchain.

DeGods and y00ts’ announcement stirred the crypto community.

DeGods revealed they were migrating to Ethereum in the first quarter of 2023, while its sister project, y00ts, was moving to Polygon early this year.

As a result, DeGods’ DUST token will transfer to the respective blockchains.

Read also: OpenSea bans Cuban artists from selling on the marketplace


The announcement sparked conflicting views from community members and the Solana NFT ecosystem.

Others disapproved of the decision, and some were excited to see it happen.

Ryan Wyatt, the CEO of Polygon Studios, said:

“At the beginning of the year, we noticed that much of the creator economy’s attention was focused on ETH and Solana.”

“Therefore, we decided to go against the trend and focused on the untapped potential of web3 by onboarding large enterprise brands, DeFi platforms, and gaming companies.”

“We did this successfully through ecosystem fund investments and white-glove partnership support.”


Solana jumps double digits to reclaim $11

Solana Foundation details FTX, SBF financial ties as SOL struggles

Top Solana NFT projects DeGods and y00ts to leave the blockchain and ‘explore new opportunities’