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Ethereum Whale Sells 500 Moonbirds NFTs: Profitable or Not?

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.

Infographic of Ethereum whale selling 500 Moonbirds NFTs.
Source: Coinbackyard
NFT CollectionMoonbirds
Quantity Sold500 NFTs
PlatformEthereum network
SellerEthereum whale address
Cost of InvestmentUp to 32%
Sales LocationNFT Blur market
Loss IncurredBetween 9% and 33%
Largest Batch LossOver 32% for 200 NFT Moonbirds
Total LossApprox. 700 Ether or more
CharacteristicsOwl 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 BehindPROOF
NFT Blur Market FundsOver $11 million raised in a short time
Token LaunchedBLUR token via airdrop
Floor Price Drop27% in the past 24 hours
Reason for DropEthereum Whale addresses liquidating its NFTs on Blur
Ethereum LossApproximately 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.

May 4, 2024 at 9:00 am

Updated May 4, 2024 at 9:00 am


Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions. (Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)


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.

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