Bored Ape Trader Who Bought 1% of the Supply in January Is Dow | NFTs & DeFi 🗓
Bored Ape Trader Who Bought 1% of the Supply in January Is Down Nearly $2 Million
Since January, the entry-level price for Bored Ape NFTs has nosedived even further, leaving the unlucky trader with millions of dollars in losses, as spotted by pseudonymous crypto trader and influencer Cirrus over the weekend. Over the course of a few weeks in mid-January, the trader used popular NFT marketplace Blur to buy up 111 of the cheapest Bored Apes available—a move commonly referred to as “sweeping the floor” of an NFT collection. In the following months, they bought 12 more.
