Not Rekt Guys: Mando & OSF Cash In

Rektguy founders Mando and OSF completed a significant trade last night, taking advantage of the excess liquidity currently in the ecosystem thanks to Blur's airdrop and rewards program.

❗ Why It Matters

Around 9:15 PM ET, last night @CirrusNFT reported that a single seller had "just dumped 71 BAYC into Blur bids for ~5545E ($9,151,000)." A few minutes later, Mando came forward as the seller, adding that Yuga Labs had "changed our lives."

🔍 The Deets

• OSF minted 150 Bored Apes in May of 2021.
• A couple days later, Mando convinced OSF to sell several Apes around 0.4 ETH.
• In July of 2021, Mando then buys 38 Apes for an average cost of 4.16 ETH.
• A couple months later, OSF and Mando decide to combine parts of their NFT collections. By this time, OSF had sold all the Apes he minted and Mando has bought 69 total Apes.
• The two friends exited BAYC last night at an average price of 78.1 ETH. Mando says they paid full royalties to Yuga Labs on the sales, and expressed a desire to re-enter the ecosystem in the future.

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