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Moonbirds NFT Whale Address Sells 500 Holdings Resulting in a 719.49ETH Loss

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Moonbirds NFT Whale Address Sells 500 Holdings Resulting in a 719.49ETH Loss

On March 12, according to Blur’s market data, the Moonbirds NFT whale address (0xb8… 551a) began clearing its Moonbirds NFT holdings at Blur at about 6 p.m. on March 11, with a total clearing of about 500 Moonbirds and a loss of about 719.49ETH. In the past 24 hours, the trading volume of Monnbirds exceeded 5500ETH, and the floor price fell 23.86% to 4.66ETH.

A Moonbirds giant whale cleared 500 Moonbirds in nearly 24 hours, losing 719.49ETH

Analysis based on this information:


According to Blur’s market data, the Moonbirds NFT whale address (0xb8… 551a) has been clearing its Moonbirds NFT holdings at Blur. The whale began selling their holdings at approximately 6 p.m. on March 11, and has sold a total of 500 Moonbirds resulting in a loss of approximately 719.49ETH. This sell-off has caused the trading volume of Moonbirds to exceed 5500ETH in the past 24 hours, with the floor price decreasing by 23.86%, falling to 4.66ETH.

This news has shed light on the increasing volatility surrounding NFTs, especially within the Moonbirds NFT market. NFTs or non-fungible tokens are digital assets that exist on a blockchain and can represent ownership of anything from digital art to tweets. As the popularity of NFTs continues to grow, the value of these digital assets fluctuates significantly.

The Moonbirds NFT market has experienced a significant decline in value in just 24 hours, with the floor price dropping by almost 24%. This is especially concerning considering the bullish trend the NFT market has experienced in recent months. The sudden sell-off by the Moonbirds NFT whale has further contributed to the volatility of the market.

The loss of approximately 719.49ETH in just one night serves as a reminder of the risks associated with investing in NFTs. Investors should be aware of the high degree of volatility surrounding these digital assets and should ensure that they conduct thorough research before investing.

In conclusion, the Moonbirds NFT whale’s sell-off has resulted in a significant loss in value in the NFT market, causing the floor price to drop by nearly 24%. This further highlights the volatility of the NFT market and serves as a reminder to investors to exercise caution when investing in such assets, with a thorough understanding of the risks involved.

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