NFT Whale Dumps 14 Mutant Apes

In this post

Influential NFT collector MachiBigBrother sold 14 Mutant Ape Yacht Club NFTs this morning for ~188 ETH (or $327,000). The account also dumped 41 Otherdeed for Otherside NFTs for ~65 ETH (or $113,000).

❗Why It Matters

This sale comes during turbulent times in the NFT market, as projects are struggling to maintain floor prices. With an intimidating macro backdrop, high-risk assets are "nose diving," as Lucky Trader NFT analyst Tyler Warner suggests in one of his recent market updates (see Learn More). If more NFT whales start de-risking, popular projects and collections could see sustained declines in value.

📊 By the Numbers

Mutant Ape Yacht Club is down nearly 1 ETH from 14.3 ETH at yesterday's highs to 13.6 ETH today.

Otherdeed for Otherside is down to a 1.64 ETH floor price, also down from yesterday.

🧠 Learn More

Morning Minute | NFT Nose Dive

Author Bio

Jason Bales

Jason is an NFT lead at Lucky Trader. He has been involved in the NFT space since CryptoKitties in late 2017 and got involved in NBA Top Shot in early 2021 (Series 1 Legendary From The Top LeBron James Block, anyone?). Now, he spends most of his days yelling, "get off my lawn" at the PEPE and Nakamigos kids.

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. AI may have assisted in the creation of this content.