ENS Domain Sees $1 Million Bid

ENS Domain Sees $1 Million Bid

An Ethereum Name Service domain for one of the most profitable companies in America has a million-dollar bid that expires in 24 hours. 

Amazon.eth, which was purchased for 33 ETH on Feb. 7 (about $103,000 at the time), has a one-million USDC bid set to end on July 19 at 3 p.m. ET. If the bid is accepted, it would be the highest sale of an ENS domain since paradigm.eth sold for 420 ETH ($1.54 million at the time) in October of 2021.

The wallet which made the bid added one million in USDC from a Kraken account Monday morning. 

ENS has seen more than 8,900 ETH in volume in the last month, with most of the volume concentrated on the lower-digit and word domains. A user spent 184 ETH on porno.eth June 29 — the largest word sale since the paradigm.eth sale.

Amazon was the seventh-most profitable company in the U.S. in 2021, netting $33.4 billion, according to Fortune.

More about Ethereum Name Service

The Ethereum Name Service (ENS) is the most widely integrated blockchain naming standard. It is a distributed, open, and extensible naming system based on the Ethereum blockchain. The main job of ENS Domains is to map a human-readable name like 'brantley.eth' to machine-readable identifiers such as Ethereum wallet addresses, other cryptocurrency addresses, content hashes, and metadata. While many people only use ENS Domains to route to their Ethereum wallets, they can be linked to other cryptocurrency wallets like Bitcoin, Litecoin, and Doge as well.

At the time of publish, Ethereum Name Service floor price sits at 0.001 ETH, and has stayed relatively flat over the past 24 hours on 82 ETH volume of transactions. Over that same timeframe, 3 sharp wallets have sold 9 NFTs and 1 sharp wallets have bought 1 NFTs in the Ethereum Name Service collection. Catch up on other recent Ethereum Name Service news here.

Recent Ethereum Name Service Sales

#0sold at 11/29 9:11pm for
0.700
#0sold at 11/29 9:11pm for
0.00150
#0sold at 11/29 9:11pm for
0.000800
#0sold at 11/29 9:11pm for
0.0900
#0sold at 11/29 9:11pm for
0.0150

Recent Ethereum Name Service Listings

#0listed at 11/29 9:11pm for
0.0200
#0listed at 11/29 9:11pm for
0.0234
#0listed at 11/29 9:11pm for
0.990
#0listed at 11/29 9:11pm for
1.50
#0listed at 11/29 9:11pm for
0.0234
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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