# Wolf's NFT Analysis - Degen Toonz 🐺 By [Young Crypto Wolf](https://paragraph.com/@youngcryptowolf) · 2022-03-14 --- The Toonz have been released into the Metaverse! In this week's newsletter, we review the Degen Toonz. Let's check out the menu! -------------------------------------------------------------------------------------------------------------------------------- **TABLE OF CONTENTS** * **Marketcap/Volume/Sales** * **Roadmap/Utility** * **Holder Activity** * **Summary** The Toonz made their debut on February 15th, through their private sale. Followed by the public the next day. However, there were some issues with the site during the mint causing a short-term delay. Since then the Toonz has been on a steady climb. The collection is made up of 8,888 1/1's made with a combination of unique backgrounds, head accessories, clothing, and more. ![https://opensea.io/assets/0x19b86299c21505cdf59ce63740b240a9c822b5e4/3945](https://storage.googleapis.com/papyrus_images/58c5ed684a1dbec1b2a96f769209dc96ef5d06c4243c62025ff158212a3c9f72.png) https://opensea.io/assets/0x19b86299c21505cdf59ce63740b240a9c822b5e4/3945 In less than a month on the secondary market, the Toonz has 6.0KETH volume traded and has caught the attention of NFT blue-chip holders. In this newsletter, we break down the Degen Toonz market activity. ### Marketcap/Volume/Sales At the time of this writing, the Toonz has a market cap of 10.28 million dollars according to NFTGo. Sales have been able to produce 15.96 million in trading volume. ![NFTGo Degen Toonz Marketcap](https://storage.googleapis.com/papyrus_images/ea88c34996cff54f80f93caaebf82589d4d09b76c88b0d82c94b304e3ee00773.png) NFTGo Degen Toonz Marketcap Shifting to the sales activity, **we can see most of the trading has been happening between 0.45 and 0.65 ETH.** The average floor price has been around 0.475 ETH with an average sales price of around 0.4979 ETH. Looking at the chart we can see the average floor and sales price are starting to meet. The floor seems to be getting thinner by the day. ![NFTGo Floor Price & Sales](https://storage.googleapis.com/papyrus_images/768fafba128d5114658f07361a42d890556ddceda426cd3374c8e4345d622dce.png) NFTGo Floor Price & Sales Are the floor price and sales price trying to tell us something? Let's save these thoughts and let them marinate for a little. Let's take a deeper look into what is ahead. ### Roadmap/Utility Minting rewards include a free t-shirt, a special discord role, and a mint and hodl airdrop. **Holders of the Toonz have exclusive access to airdrops, DAO voting, metaverse access, $TOON token rewards, IRL meet-ups, and more!** The Degen Toonz has separated its roadmap into 5 phases: * Launching The Collection: Discord/Site, Grow Community, Launch * Community/Connection: Enable DAO, Mint Rewards Begin, Merch * Public Service: Charity Wallet, IRL Meet Up, Public Merch * Toon Town: Metaverse Begins, $Toon, Toon-Town Consitution * The Next Generation: Toonz Drop #2, Foundation for Play-2-Earn The Toonz community is hard at work! More than just a "Profile-Picture" (PFP) the team is all hands on deck. Members from other communities are making their way to Toon Town. Let's check out what the holders up to! ### Holder Activity ![NFTGo - Holder Distribution](https://storage.googleapis.com/papyrus_images/562c9c6e229c65cd74e6c4cdc65e864e779b1dd4f301074c99e5d230ebf2496e.png) NFTGo - Holder Distribution Shifting over to our holder activity we get a better consensus on what the community is doing. Looking at **the holders' trend we can see holders have been steady at 4,000.** One thing to also notice is the amount of "Whale" holders is also increasing. Note, whales are accounts with 1 million + NFTs in their wallet. ![NFTGo - Whales ](https://storage.googleapis.com/papyrus_images/85e181cd40cea5e8faebaa2aaf1d25f727e66c80aefbd9bc02e9d71fe615b10c.png) NFTGo - Whales Looking at the whales' activity we can see selling volume is at zero and some are still acquiring Toonz! Probably something. Some names that stand out from this list: * [Fvckrender](https://twitter.com/fvckrender) * [Steve Aoki](https://twitter.com/steveaoki) * [n0b0dy.eth](https://beta.prysm.xyz/profile/0x7eb413211a9de1cd2fe8b8bb6055636c43f7d206/overview) ![NFTGo - Holder Distribution ](https://storage.googleapis.com/papyrus_images/3cbbe49d1939ceb797596d704b03926855dc596373bedbb34593f4bf328141eb.png) NFTGo - Holder Distribution Last, but not least let's check out our holder distribution. This is the number of NFTs per wallet and the duration of how long these wallets have been holding their Degen Toonz. Looking at our charts we can see more than 50% of wallets only hold (1) Toonz. Almost 90% of wallets holding Toonz have been holding for longer than 7 days. Looks like the Toonz is made up of some diamond hand-holders. Bullish! ### Summary In conclusion the Degen Toonz are something to keep an eye on. The combination of the art + community+ roadmap is a power puch combo! * Marketcap/Volume showing the Toonz may fly after 0.65ETH. * Roadmap/Utility let us know the best is yet to come! * Holder Activity showing holders & distribution remain stable. Remember that this is all based on the subjective views of the writer. As always do your own research. --- *Originally published on [Young Crypto Wolf](https://paragraph.com/@youngcryptowolf/wolf-s-nft-analysis-degen-toonz)*