NFTs, or non-fungible tokens, are like digital collectibles, and they’re causing quite a stir among folks who use cryptocurrencies and artists who create digital art. Recently, a big-time wallet on the Ethereum network, often called an “Ethereum whale address,” did something unexpected.
| Aspect | Details |
|---|---|
| NFT Collection | Moonbirds |
| Quantity Sold | 500 NFTs |
| Platform | Ethereum network |
| Seller | Ethereum whale address |
| Cost of Investment | Up to 32% |
| Sales Location | NFT Blur market |
| Loss Incurred | Between 9% and 33% |
| Largest Batch Loss | Over 32% for 200 NFT Moonbirds |
| Total Loss | Approx. 700 Ether or more |
| Characteristics | Owl avatars with unique traits like mohawks, eye patches, and fiery eyes |
| Launch Sales Value | $292 million in two days |
| Highest Single Sale | $1 million |
| Organization Behind | PROOF |
| NFT Blur Market Funds | Over $11 million raised in a short time |
| Token Launched | BLUR token via airdrop |
| Floor Price Drop | 27% in the past 24 hours |
| Reason for Drop | Ethereum Whale addresses liquidating its NFTs on Blur |
| Ethereum Loss | Approximately 719.49 ETH |
This wallet sold off 500 NFTs from the Moonbirds collection, taking a hit of up to 32 percent on its investment. This bold move sent ripples through the crypto community, especially among NFT collectors and traders.
Just last week, this Ethereum whale address unloaded 500 NFTs from the Moonbirds collection. But here’s the kicker: it didn’t come out ahead. It ended up losing between 9 percent and 33 percent on those sales.
The sales happened in chunks, with one batch of 200 NFT Moonbirds going for more than a 32 percent loss. According to NFTTrack, all these transactions went down in the NFT Blur market, and the total loss amounted to a hefty sum of 700 Ether or more.
Moonbirds are a hot commodity in the NFT world, popping up last year as a collection of 10,000 NFTs on the Ethereum platform. These NFTs feature unique owl avatars with cool traits like mohawks, eye patches, and fiery eyes.
The launch of Moonbirds caused a frenzy among users, with sales hitting a whopping $292 million in just two days! One Moonbird NFT even snagged a cool $1 million. The brains behind Moonbirds is an outfit called PROOF, and they’ve been doing regular fundraising since the launch.
All this trading went down on the NFT Blur market, which also burst onto the scene last year and quickly raked in over $11 million. It’s become a big player, giving even OpenSea’s market a run for its money. And just last month, the NFT Blur market dropped its token, BLUR, through an airdrop, letting users get in on the action.
But after this whale-sized sell-off of Moonbirds NFTs, the floor price took a nosedive, dropping by 27 percent in just 24 hours. Crypto expert Colin Wu spilled the beans that the Moonbirds whale address had started cashing out its NFTs on Blur.
The whale address took a hit of about 719.49 ETH from selling those 500 Moonbirds NFTs. But not everyone’s crying over spilled Ether. Some fans and traders are cheering, seeing this drop in prices as a golden opportunity to snatch up some Moonbirds NFTs for themselves.
NFTs have been gaining steam in recent years, and big moves like this Moonbirds sell-off by the Ethereum whale address can send shockwaves through the market, affecting the prices of NFT collections far and wide.
Disclaimer
FAQ
Moonbirds are a collection of 10,000 NFT owl avatars, each with unique traits such as mohawks and fiery eyes, created by the PROOF organization on the Ethereum network.
The Ethereum whale sold 500 Moonbirds NFTs on the NFT Blur market, resulting in significant financial loss.
Following the sale, the floor price of Moonbirds NFTs dropped by 27% within 24 hours, affecting the overall market valuation.
