Popular NFT Collections with Most Unique Wallets

Popular NFT Collections with Most Unique Wallets

Unique wallets are an essential indicator of how decentralized an NFT collection is

Within the NFT community, there are various collections that stand out, but what’s also important is the number of unique wallets. The more unique holders, the more spread out ownership is. Why is this metric important for an NFT collection? What impact does a high or low Unique Holders Ratio have on an NFT project? Read on to learn the answers.

No matter how familiar you are with NFT, you can utilize DappRadar’s various data metrics to help you judge the market performance of an NFT or a collection. These metrics include unique holders, number of transactions, trading volume, highest-priced individual items, and more.

Unique holders represent how many unique wallets have at least one NFT from a particular collection. The corresponding name for this metric on Opensea is “owners”.

Unique wallets vs. unique active wallets

Before diving into today’s topic, let’s clarify the difference between unique wallets and active wallets (UAW). UAW is one of the essential metrics that DappRadar uses for dapp tracking. It emphasizes the unique wallet’s activity, meaning there must have been transactions during the period being tracked. 

On the contrary, a unique wallet can hold an NFT for a long time without performing any transaction behavior. Click the button below to read another article on what UAW means for decentralized applications.

This article will discuss why unique wallets are crucial for an NFT collection and how to leverage it when researching, collecting, and trading NFTs.

Why do you need to pay attention to unique wallets? 

A  high number of unique wallets participating in an NFT collection indicates a more even distribution of NFT holders. The more wallets have an NFT from a certain collection, the smaller the impact of whales can be on the price action. In addition, this would show that the project enjoys great popularity, and multiple other benefits are associated with this metric.

Price Manipulation

If most of the NFTs in a collection are held in a small number of wallets, this should be considered a red flag. Once they start selling off their NFTs in large numbers, it could result in a dramatic price drop. In addition, a few people hold a large percentage of a collection, and these users may deliberately drive up the floor price so that the buyers have to pay more than the market norm to acquire the collection.

Diversity of community members

The more unique wallets a collection has, the more diverse the community is likely to be. Theoretically, such a community will have more unique individuals who can contribute ideas and creativity to the community. Also, more people can spread the message when it comes to project promotion. However, wallets and real people only sometimes match one-to-one. Therefore, we must consider the case that one person holds multiple wallets.

Why do people hold multiple wallets? Some users would prefer to keep their assets in several wallets, and their purpose is to reduce the risk of hacking, etc. However, some people get more minting opportunities by holding multiple wallets because, usually, NFT projects allow each wallet to mint 1-2 NFTs at launch.

The possibility of wash trading

In NFT, wash trading happens when a person or a small group trades NFTs to create artificial trading volumes. Their purpose may be to attempt to pump up a floor price or to get a platform incentive by faking transactions.

Wash trading becomes possible on the premise that a large number of NFTs are pooled in the wallets of one or a few individuals. So, the collection we see with a high concentration rate is a relatively easy target for wash trading.

So what kind of transaction data will give clues to wash trading? For example, if a collection has a short-term transaction spike, we need to look further at its transaction data. If the project has hundreds of NFTs frequently flowing between several wallets, then the most likely scenario is that someone or some people are selling these NFTs to themselves.

What is the wallet distribution of prominent NFT collections?


CryptoPunks has 3,626 unique wallets with a Unique Holders Ratio of 36%.

Owner distribution:

  • 1 item – 74%
  • 2-3 items – 17%
  • 4-10 items – 6%
  • 11-25 items – 2%
  • 26-50 items – 0.5%
  • 50+ items – 0.7%

Top CryptoPunks wallets

Bored Ape Yacht Club

Bored Ape Yacht Club (BAYC) has 6,397 unique wallets with a Unique Holders Ratio of 64%.

Owner distribution:

  • 1 item – 82%
  • 2-3 items – 13%
  • 4-10 items – 4%
  • 11-25 items – 0.5%
  • 26-50 items – 0.1%
  • 50+ items – 0.1%

Top BAYC wallets

Mutant Ape Yacht Club

Mutant Ape Yacht Club (MAYC) has 12,933 unique wallets with a Unique Holders Ratio of 67%.

Owner distribution:

  • 1 item – 80%
  • 2-3 items – 16%
  • 4-10 items – 4%
  • 11-25 items – 0.5%
  • 26-50 items – <0.1%
  • 50+ items – < 0.1%

Top MAYC wallets


Azuki has 4,998 unique wallets with a Unique Holders Ratio of 50%.

Owner distribution:

  • 1 item – 74%
  • 2-3 items – 18%
  • 4-10 items – 6%
  • 11-25 items – 1%
  • 26-50 items – 0.3%
  • 50+ items – 0.2%

Top Azuki wallets

Clone X

Clone X has 9,630 unique wallets with a Unique Holders Ratio of 50%.

Owner distribution:

  • 1 item – 72%
  • 2-3 items – 20%
  • 4-10 items – 7%
  • 11-25 items – 1%
  • 26-50 items – 0.3%
  • 50+ items – 0.2%

Top Clone X wallets

What is the wallet distribution of the latest trending NFT collections?


Renga has 2,984 unique wallets with a Unique Holders Ratio of 37%.

Owner distribution:

  • 1 item – 62%
  • 2-3 items – 24%
  • 4-10 items – 11%
  • 11-25 items – 2%
  • 26-50 items – 0.6%
  • 50+ items – 0.3%

Top Renga wallets

QQL Mint Pass

QQL Mint Pass has466 unique wallets with a Unique Holders Ratio of 54%.

Owner distribution:

  • 1 item – 70%
  • 2-3 items – 23%
  • 4-10 items – 6%
  • 11-25 items – 0.9%
  • 26-50 items – 0.2%
  • 50+ items – 0.2%

Top QQL Mint Pass wallets

Genuine Undead

Renga has 2,502unique wallets with a Unique Holders Ratio of 25%.

Owner distribution:

  • 1 item – 55%
  • 2-3 items – 24%
  • 4-10 items – 14%
  • 11-25 items – 4%
  • 26-50 items – 1%
  • 50+ items – 0.9%

Top Genuine Undead wallets

What else to watch out for?

As you can see from the data in the previous section, a single wallet could hold hundreds of NFTs, but this is okay sometimes. Nor does it mean that these wallets are attempting to manipulate the project. At this point, we need to keep an eye on the profiles of the unique holders. Are they collectors, whales, flippers, DAOs, or else?

For example, in CryptoPunk and BAYC, you can see Wilcox and Dingaling racking up tokens. These whales’ trading behavior is similar to funds in traditional finance. You can get a deeper insight into these types of users with DappRadar’s Whale Report. 

Besides, celebrities collect particular NFT series in large numbers. These collectors range from well-known investors to entertainment stars, sports figures, and more. They can often drive traffic to collections by leveraging their fame. 

If you want to be the first to know which celebrities have aped in, click the button below to find out.

DappRadar will continue monitoring the latest developments in the NFT field. This article will be updated regularly to provide you with the most up-to-date wallet distribution of popular NFT collections.

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