NFT Whale Dumps 14 Mutant Apes
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.
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