Buying all available NFTs listed at or near the floor price of a collection in a single coordinated purchasing spree. Floor sweeps are typically done by whales to signal confidence in a collection, reduce available supply, and push the floor price higher. Solana NFT tools like Tensor and Magic Eden support bulk buying functionality that enables efficient floor sweeping.
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Buying all available NFTs listed at or near the floor price of a collection in a single coordinated purchasing spree. Floor sweeps are typically done by whales to signal confidence in a collection, reduce available supply, and push the floor price higher. Solana NFT tools like Tensor and Magic Eden support bulk buying functionality that enables efficient floor sweeping.
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Sweep the Floor (sweep-floor) Category: Web3 Definition: Buying all available NFTs listed at or near the floor price of a collection in a single coordinated purchasing spree. Floor sweeps are typically done by whales to signal confidence in a collection, reduce available supply, and push the floor price higher. Solana NFT tools like Tensor and Magic Eden support bulk buying functionality that enables efficient floor sweeping. Related: Floor Price, Whale, NFT (Non-Fungible Token)
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The lowest listed sale price for any NFT within a collection on marketplaces. Floor price serves as the baseline valuation for a collection and is the most commonly tracked metric for NFT market health. It fluctuates based on demand, new listings, and broader market conditions. Rarer traits within a collection typically trade at multiples above the floor. Tensor and Magic Eden display real-time floor prices for Solana collections.
An individual or entity holding a very large amount of a particular cryptocurrency or token, enough to potentially influence market prices through their trading activity. On Solana, whale movements can be tracked on-chain by monitoring large token transfers or wallet balances via explorers and analytics tools. Whale activity is closely watched because large buys or sells can cause significant price swings, especially in tokens with lower liquidity.
A non-fungible token on Solana—an SPL token with 0 decimals, supply of 1, and revoked mint authority. The NFT's metadata (image, attributes) is stored off-chain (Arweave/IPFS) linked via the Metaplex metadata account's URI field. NFTs can be standard, compressed (cNFT), programmable (pNFT), or Core assets, each with different trade-offs.
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The lowest listed sale price for any NFT within a collection on marketplaces. Floor price serves as the baseline valuation for a collection and is the most commonly tracked metric for NFT market health. It fluctuates based on demand, new listings, and broader market conditions. Rarer traits within a collection typically trade at multiples above the floor. Tensor and Magic Eden display real-time floor prices for Solana collections.
An individual or entity holding a very large amount of a particular cryptocurrency or token, enough to potentially influence market prices through their trading activity. On Solana, whale movements can be tracked on-chain by monitoring large token transfers or wallet balances via explorers and analytics tools. Whale activity is closely watched because large buys or sells can cause significant price swings, especially in tokens with lower liquidity.
A non-fungible token on Solana—an SPL token with 0 decimals, supply of 1, and revoked mint authority. The NFT's metadata (image, attributes) is stored off-chain (Arweave/IPFS) linked via the Metaplex metadata account's URI field. NFTs can be standard, compressed (cNFT), programmable (pNFT), or Core assets, each with different trade-offs.
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The vision of a decentralized internet built on blockchain technology, where users own their data, identity, and digital assets. Web1 was read-only (static pages), Web2 is read-write (platforms like social media), Web3 is read-write-own (permissionless, user-sovereign). Web3 applications use wallets instead of logins and smart contracts instead of centralized servers.
An application with its backend logic running on a blockchain as smart contracts rather than centralized servers. dApps typically have a traditional web frontend that interacts with on-chain programs via RPC. Users authenticate with wallets instead of username/password. Examples: Uniswap (Ethereum DEX), Jupiter (Solana DEX), Magic Eden (NFT marketplace).
Software or hardware that manages cryptographic keys and enables users to sign transactions, view balances, and interact with dApps. Hot wallets (Phantom, Solflare, Backpack) are internet-connected for convenience. Cold wallets (Ledger, Trezor) store keys offline for security. Wallets don't actually 'hold' tokens—they hold the private keys that control on-chain accounts.
A 12 or 24-word human-readable backup of a wallet's master private key, generated using BIP-39 standard. The seed phrase can deterministically regenerate all derived keypairs (BIP-44 derivation paths). Losing the seed phrase means permanently losing access to all associated accounts. Never share, photograph, or store seed phrases digitally in plain text.