Whale Ethereum Sells 500 NFT Moonbirds, Profits Or Benefits?

NFT Moonbirds. (Photo; Doc. NetNFT News)

JAKARTA - NFT (non-fungible token) is increasingly becoming a hot topic of conversation among crypto users and digital artists. Recently, a large wallet address located on the Ethereum network, known as "Ethereum whale address", made a surprising decision.

The wallet address sold 500 NFT collection of Moonbirds, which has cost up to 32 percent of its investments. This massive sale has shocked the crypto world, especially NFT collectors and traders.

At the end of last week, the Ethereum whale address sold 500 NFTs of Moonbirds collections. However, the data shows that the whale suffered losses between 9 percent and 33 percent.

The Ethereum whale address sells 500 NFT Moonbirds in several batches. The data shows that one batch of 200 NFT Moonbirds sold for more than 32 percent losses. According to NFTTrack, all transactions occurred in the NFT Blur market and the total loss reached 700 Ether or more.

Moonbirds are a very popular collection of NFTs, which emerged last year. The collection consists of 10,000 Ethereum-based NFTs featuring unique owl avatars with rare characteristics such as mohawks, eye patches, and fiery eyes.

The launch of Moonbirds created mass craze among users with a sales value of US$292 million (Rp4.5 billion) in just two days of launch. One NFT Moonbirds even sold for US$350 Ether or US$1 million (Rp15.3 billion). The organization behind the launch of the NFT Moonbirds is PROOF. Since then, Moonbirds have also carried out regular fundraising.

All transactions occurred in the NFT Blur market which also appeared last year and managed to raise more than US$11 million (Rp169.3 billion) in a short time. The NFT Blur market has also become very well known and is becoming a major market, beating OpenSea's market. Last month, the NFT Blur market launched its BLUR token via airdrop. This token allows users to participate in the management of the NFT Blur market.

However, following the massive sales of NFT Moonbirds by the Ethereum whale address, the NFT Moonbirds floor price fell by 27 percent in the past 24 hours. A popular crypto analyst, Colin Wu, reported that NFT's whale Moonbirds address began to liquidate its NFT on Blur.

The whale address lost about 719.49 ETH from the sale of 500 Moonbirds NFT. However, some fans and traders celebrate the sale of the whale by adding that the drop in floor prices gave them the opportunity to get NFT Moonbirds.

NFT market activity has grown in popularity in recent years, and massive transactions such as NFT's Moonbirds sales by Ethereum's whale address could have a significant impact on the price of the NFT collection.

Meskipun demikian, penjualan seperti ini juga dapat memberi peluang bagi pedagang dan penggemar untuk membeli koleksi NFT tersebut dengan harga yang lebih terjangkat. Kegiatan pasar NFT terus berkembang, dan peluang untuk investasi di pasar ini semakin terbuka lebar.