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WHALES ARE DUMPING BAYC NFTS TO FUND ETH LONGS - WARNING SIGNS 🚨
A well-known NFT whale just sold 34 Bored Apes in a month, raising 326 ETH — only to lose 399 ETH on their Hyperliquid long position. That’s a net loss of over $600k.
The biggest blow came from Bored Ape #6057 , bought for 76.84 ETH four years ago and sold for just 7.65 ETH. This whale just got liquidated again 3 hours ago, and their account balance is down to $81k.
Are you tracking wallet activity like this before making your own moves?
Not financial advice. Always manage your risk.
#ETH #WhaleActivity #NFTDump #Liquidation #Crypto
💎
A well-known NFT whale just sold 34 Bored Apes in a month, raising 326 ETH — only to lose 399 ETH on their Hyperliquid long position. That’s a net loss of over $600k.
The biggest blow came from Bored Ape #6057 , bought for 76.84 ETH four years ago and sold for just 7.65 ETH. This whale just got liquidated again 3 hours ago, and their account balance is down to $81k.
Are you tracking wallet activity like this before making your own moves?
Not financial advice. Always manage your risk.
#ETH #WhaleActivity #NFTDump #Liquidation #Crypto
💎
NFT trader Machi Big Brother has sold 34 Bored Ape Yacht Club NFTs for a total of 326 ETH over the past month, according to Lookonchain monitoring data. Despite the volume of sales, the trader incurred a loss of approximately 399 ETH during this period.
One notable transaction involved Bored Ape #6057, which was acquired four years ago for 76.84 ETH and later sold for just 7.65 ETH, marking a significant loss of around 90%. This highlights the volatility and risk inherent in NFT trading, especially within high-profile collections like Bored Apes.
The recent activity underscores the ongoing challenges in the NFT market, where even prominent traders can face substantial losses amid shifting demand and market sentiment. As NFT markets mature, traders' strategies and holding periods continue to evolve in response to broader trends.
One notable transaction involved Bored Ape #6057, which was acquired four years ago for 76.84 ETH and later sold for just 7.65 ETH, marking a significant loss of around 90%. This highlights the volatility and risk inherent in NFT trading, especially within high-profile collections like Bored Apes.
The recent activity underscores the ongoing challenges in the NFT market, where even prominent traders can face substantial losses amid shifting demand and market sentiment. As NFT markets mature, traders' strategies and holding periods continue to evolve in response to broader trends.
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