Blue Chip Traded for Mega Collar?

Blue Chip Traded for Mega Collar?
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Fidenza No. 955 was traded for 80 ETH, which was subsequently used to purchase a Mega Mutant Hound Collar ahead of the project's reveal later today.  

The Transaction: OpenSea user La_Mere sold Fidenza #955 for 80 ETH overnight on Jan. 9, and then turned around and bought Mega Mutant Hound Collar #4300 for 79.690 ETH this morning. The NFT was later relisted for 299 ETH. 

Why It Matters: Since minting for 0.25 ETH in mid-December, Mutant Hound Collars have skyrocketed up to a floor price of 1.73 ETH (an all-time high floor price of 2 ETH was reached a couple of days ago). While the project is not affiliated with Yuga Labs, the project has gotten significant buy-in from members of the BAYC ecosystem.

This was a very splashy move away from a blue-chip like a Fidenza, and a big investment into the highest-tier Mutant Hound Collar. Mega Collars were randomly mixed in the 10,000 NFT collection throughout the mint process. 

What's Next: Today at 5:00 p.m. ET, collar holders can burn the collars to reveal hounds.  

What People are Saying: Prominent Yuga holder and Mutant Cartel founder lior.eth tweeted, "Fidenza for a Mega Collar. Good trade. $106,257 biggest sale in Hounds history, less than a month since mint. Love to see it!!!!! @MutantHounds"

🕳️ Go Deeper:

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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