Whale sells 1,010 NFTs in 48 hours in ‘largest NFT dump ever’
According to data from Nansen, nonfungible token (NFT) whale Jeffrey Hwang — known colloquially as Machi Big Brother — dumped 1,010 tokens for 11,680 Ether or $18.6 million, in the space of 48 hours. The major selling event included 90 Bored Ape Yacht Club (BAYC) NFTs, 191 Mutant Ape Yacht Club (MAYC) NFTs. Machi Big Brother promptly bought back 991 NFTs, with Thurman theorizing it could be a play to either book some profits while also conducting “one big wash trade to generate huge Blur airdrop profits” or a “pretty naked market manipulation. ”. Machi is reportedly one of the biggest receivers of the Blur (BLUR) token airdrop from upstart NFT marketplace Blur, which recently ousted OpenSea from being the top-ranked NFT platform in trading volume. On Feb. 17, blockchain analytics platform Arkham Intel indicated that Machi.
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