NFT whale Jeffrey Hwang, known by the nickname “Machi Big Brother”, has sold 1010 NFTs worth 11,680 ETH in the last 48 hours, according to data from leading crypto and blockchain data platform Nansen. The dollar value of these assets is an average of $18.6 million. The same whale may be trying to make high profits in the BLUR token airdrop event.
Andrew Thurman, a technician at Nansen in the tweet He drew attention to the trading activities that took place in the last two days. Thurman stressed that “probably the largest NFT sale ever.”
As a result, the whale sold 90 NFTs from Bored Ape Yacht Club (BAYC), 191 from Mutant Ape Yacht Club (MAYC) and 308 NFTs from Otherdeed.
In what’s likely the largest NFT dump ever, in the past 48 hours Machi has sold 1,010 NFTs, including:
– 90 BAYC for 5707 ETH
– 191 MAYC for 3091 ETH
– 112 Azuki for 1644 ETH
– 308 Otherdeed for 582 ETHNEWS CONTINUES BELOWBut he’s not registering much profit for these collections. Why? pic.twitter.com/4NyMF3gzuy
— Andrew T (@Blockanalia) February 24, 2023
NEWS CONTINUES BELOW
Thurman argues that Machi Big Brother (Machi) is trying to make a profit and on the other hand, “big brother” Blur token He stated that he may have “made a massive manipulation” to make an airdrop profit. The biggest reason for this is that the whale quickly bought back 991 NFTs after these transactions.
Indeed, according to incoming data, one of the largest airdrop buyers of Blur, the burgeoning NFT market, has been recorded as Machi. The same platform recently became the leading marketplace. OpenSeaHe even managed to outdo it.
According to the data, Machi received 1.8 million BLUR from its first airdrop event and sold them for $1.3 million. The whale may also want to make high profits in the second distribution event, depending on volume.
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