Written by
Carla Calitis

Who is @Coco_Bear on Twitter? (He Owns Over 200 Mystic Axies!)



This article was published on July 18, 2021. Please keep in mind that some of the data in this article may be outdated as of today.

From what we can gather, Coco_Bear has been a Non-Fungible Token (NFT) collector since 2018 and his Axie Infinity Wallet is currently holding 273 mystic Axies! If you weren’t aware, Mystic Axies are super expensive because of their rarity. As of today, there are 138 single Mystics, 33 double Mystics, 3 triple Mystics, and 1 quad Mystics – totaling only 175 Mystics that are for sale in the marketplace. P2E News was unable to verify information of whether or not Penta Mystics or Hexa Mystics do exist yet.

@Coco_Bear joined Twitter last June 2020 and has 4,546 followers as of today. He shared his first tweet on October 23, 2020 which was a retweet of Axie Infinity about the Mystic Madness:

Mystic Madness

When did he come into Axie?

His tweets suggest that he may have joined Axie Infinity in October 2020 when the game was still celebrating its first milestones. Imagine, back then, there was only 12,000 Axie holders and the game had made $647,000 weekly volume. Now, there is over 500,000 daily active users and the weekly volume is $194,310,000 and growing!

Back in October 2020, Coco_Bear sold a double mystic Axie for 60 ETH. Do you know how much a double Mystic Axie would cost you today? $193,892.63 – $4,284,096.88 (PHP 9,720,903.95 – PHP 214,785,339.13) or 101.88 ETH to 2251.09 ETH! Coco_Bear is extremely lucky and wise to own 273 Mystic Axies. But is it good that he owns this many Mystic Axies?

Since he dominates the market by owning around 273 Mystic Axies, he essentially sets the naritive and direction of the market sale price. This can be bad in many situations, however Coco_Bear seems to be extremely involved in the community, even providing private sales of Mystic Axies for contributors and influencers to the Axie ecosystem. This would suggest his intentions are not to hyper inflate and make the game suffer.

Why did this happen?

Coco_Bear was what is called a visionary. He analysed and predicted that the rarest Axies were the ones that would skyrocket in price. He understood supply and demand and we would be considered a strategic and extremely smart purchase.

This photo below shows that a double Mystic Axie was sold for 45 ETH in November 2020 ($87,538.96 or PHP4,408,685.25).

That double Mystic Axie would cost millions of dollars today.

However, you must understand that if Axie Infinity did not take off, he would have lost a lot of money! Let us consider this anonymous figure both wise and lucky for what he has now. To see all his Mystic Axies in the marketplace, click here:

Follow him on Twitter to get more updates on Coco_Bear’s mystic journey to Axie Infinity:

Related articles

Kryptomon Black Friday Sale
Kryptomon Black Friday Sale is Live With Up To 75% Off!

Kryptomon has just announced that their Black Friday Sale has begun! The sale features unique physical and digital items at up to 75% discount. Let's go into the details!

Saigon: A Ronin Testnet For Developers is Live!

Today, November 23rd, Ronin announced the launch of Saigon, an open testnet for Ronin. Saigon offers several benefits to developers. What exactly are they? Check out this article for more details.

MT8 and Puzzle Team
MT8 and Puzzle Team Received $70,000 for Winning the MMG Axie Masters League!

The MMG Axie Masters League were contested by eight teams, with the MT8 and Puzzle team emerging as the grand champion! They took home $70,000, or 4 million pesos. Let's take a look back at the competition and get to know the winners.

Anito Legends Will Reward OG Supporters with Tokens, NFTs, and More!

In the recent AniTalks of Anito Legends, the team revealed that they will reward their OG supporters who owned Anitos before the recent price reduction. Find more details in this article.

Sandbox Care Bears
Sandbox Care Bears Avatars Public Minting is Going Live Today!

The Sandbox game announced that the public minting will start today, November 15th, at 2 PM UTC. The fluffy and cute 3,060 Sandbox Care Bears Avatars are playable in the Sandbox metaverse. Each avatar will acquire unique features and functionalities. You can also earn SAND using them!

Star Atlas CORE Ranks No. 1 on Apple Books

Star Atlas announced on November 8, 2022, that a free version of Episode 1 of Star Atlas: CORE is available on Apple Books in over 50 countries across the world. The day after, it ranked no.1 on Apple Books!