Over 300 3AC-linked NFTs moved to new wallet address
Non-fungible tokens (NFTs) belonging to Starry Night Capital, a subsidiary of collapsed Three Arrows Capital (3AC), have been moved to a Safe (formerly Gnosis Safe) address, Nansen tweeted on Oct. 4. Starry Night Capital is a $100 million NFT-focused fund launched in 2021 by Three Arrows Capital founders Kyle Davies and Su Zhu, along with NFT collector Vincent Van Dough.
According to available information, over 300 NFTs in the address associated with the fund have been moved to a new address. Some popular NFTs moved to the new address include Pepe the Frog NFT Genesis, which it bought for 1,000 ETH (~$3.5M). Other notable NFTs moved by the address include Fidenza #718, Some Other Asshole, DANKRUPT, DECAY, and Pudgy Penguins. These NFTs previously sold for 200 to 500 ETH. Nansen stated that the remaining NFTs in the address have a combined value of 625 ETH ($847,000) at the time of the report, with 89% having low liquidity.
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