NFT Spotlight: Tappy
Tappy is an NFT collection of 5,555 unique penguins living on the Cardano blockchain with each NFT acting as an access pass to TapTools Pro.
Tappy is an NFT collection of 5,555 unique penguins living on the Cardano blockchain with each NFT acting as an access pass to TapTools Pro. Utility is constantly being added to the Tappys NFTs with regular updates to pro features as well as completely new tools. TapTools Pro has provided the Cardano community the ability to navigate Cardano DeFi with detailed insights into charts, trade history, DeFi, NFTs, wallets, and more. This article delves into the Tappy collection, its utility, launch, and more.
Tappy Launch
Tappy by TapTools minted on June 17th, 2023 through the jpg.store marketplace for a mint price of 420 ADA and quickly minted out by the 19th of June. Tappy quickly became popular with TapTools Pro now being exclusive to holders of the collection, with the ability to collect 5 NFTs for Lifetime access to TapTools Pro. The NFT collection dominated volume on jpg store post mint and surpassed 2 Million ADA in secondary volume in just over a week of trading.
NFT Collection Insights
Tappy had a very successful post launch despite the NFT market not having the best sentiment at the time. The collection continued to dominate NFT trading volume on Cardano in the weeks after launch and quickly reached 5 million ADA in secondary volume.
The project currently sits at a $3,608,014 market cap, placing it at #7 in the top 50 NFTs on Cardano by market cap. The collection has a floor price of 1,269 ADA with a diamond hand supply of 1877, equivalent to 33.79% of the collection. The diamond hand supply of the collection has held up well over the last 90 days, only dropping from 37.9% on November 2nd, 2023 to 34.1% on January 30th 20234. The collection has 6,591,300 ADA in trading volume and has generated 327,284 ADA in royalties.
Currently, only 422 Tappys are listed on the secondary market, down from 556 on November 2nd of last year. Nearly 60% of Tappys are listed at 1500 ADA or higher, showing the communities belief in the utility and the future of the platform.
The Volume by Wallet Value for the Tappy collection is led by the Fish wallet size (5–25K ADA), followed by Swordfish(25–100K AD), and Shrimp (0–5K ADA) coming in third place. The Tappy collection has 2,588 holders. Currently, 75.87% of these wallets are holding 1 Tappy and 13.91% of wallets are holding 5 or more Tappys. This means that currently under 14% of holders have locked in Lifetime Access to TapTools Pro.
The current all time Top Trader for the Tappy collection has done over 660,000 ADA in volume, with 392,354 ADA of this being buy volume and 270,013 ADA in sell volume. The last trade this wallet made was 3 days ago and also happens to be the top Tappy holder.
Utility
We’ll now delve into the various utilities that Tappy provides to its holders.
TapTools Pro
Tappy holders have access to TapTools Pro until September 1st, 2024. This includes popular tools such as Wallet Profiler, Distribution Pro, Money Flow, and Volume Profiler.
LifeTime TapTools Pro
Holding 5 Tappy NFTs will provide Lifetime Access to TapTools Pro.
Service Discounts
Tappy holders will enjoy a discount on the upcoming TapTax service which provides the ability to file taxes for trades that have taken place on the Cardano blockchain.
Conclusion
Tappy stands as a noteworthy contributor to the flourishing Cardano NFT space, exemplifying the growing significance of utility-driven projects within this dynamic ecosystem. TapTools has positioned itself as the leading analytics platform on the Cardano blockchain with the team constantly overdelivering and constantly expanding the TapTools Pro suite of tools.
You can check out the Tappy chart here.
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