Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’

Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’

Andrew Thurman of Nansen theorized that this massive NFT drop is an effort to obtain further BLUR token rewards while also making profits, as the Blur marketplace is scheduled to receive a second airdrop.

Nonfungible token (NFT) whale Jeffrey Hwang, better known as Machi Big Brother, sold 1,010 tokens in 48 hours for a total of 11,680 Ether, or $18.6 million, according to Nansen data.

Andrew Thurman, Simian Psychometric Enhancement Technician at Nansen, noted the trading activity of the preceding two days in a February 25 tweet thread. According to him, this is “possibly the largest NFT leak ever.”

In addition to 308 Otherdeed NFTs, 191 Mutant Ape Yacht Club (MAYC) NFTs, and 90 Bored Ape Yacht Club (BAYC) NFTs, the primary selling event featured these and other NFTs.

In addition to 308 Otherdeed NFTs, 191 Mutant Ape Yacht Club (MAYC) NFTs, and 90 Bored Ape Yacht Club (BAYC) NFTs, the primary selling event featured these and other NFTs.

Hence, Machi and other whales may be attempting to enhance NFT trading activity in order to acquire more BLUR tokens in the forthcoming round.

According to data from NFT Price Floor, the floor prices of the top collections that Were originally released have reduced by 7.77%, 9.2%, and 8.16% for BAYC, MAYC, and Otherdeed NFTs, respectively, over the preceding 24 hours.

Thurman stated in a recent article that “one man’s quest of an airdrop is destroying some markets.”

According to CoinGecko, the current price of BLUR is $0.79 and has decreased by 17.7 percent over the past week.

The Blur team announced on February 22 that “season two” of the project will shortly airdrop tokens worth $300 million.

Content Source: cointelegraph.com

Cover Image Source: wallpapers.com

The post Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’ appeared first on NFT News Pro.



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