NFT Whale Dumps 14 Mutant Apes

NFT Whale Dumps 14 Mutant Apes
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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


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