- The minimum value of these NFTs decreased by 26%
- Loss on some positions exceeded 32%
- For the entire portfolio, the owner received $1.15 million
- Users suspect that the PROOF team is behind the “sale”
On Saturday, March 11, an unknown “whale” sold 500 NFTs from the Moonbirds collection. All tokens were sold at a loss. As a result, the threshold cost for NFTs from the collection decreased by 26%.
On each transaction, the user lost from 9 to 33%. At the same time, 200 NFTs were sold at a loss of more than 32%. Upon completion of transactions, the balance of the user’s wallet is 0.001 ETH.
In total, he received 717 ETH ($1.15 million). The account holder transferred all the ether from the balance to another wallet, which contains other valuable tokens from the collections of CloneX, Cool Cats and Pudgy Penguins.
It is still unknown who leaked so many valuable NFTs and why. There are several theories on this.
First, the wallet was hacked. But in this case, it is not clear why the hacker simply transferred the ether to another account without using the mixer. The second is that the authors of the collection implemented the tokens.
Recall that the PROOF team publicly acknowledged connection with Silicon Valley Bank. Perhaps the developers urgently needed money, and they merged part of their own portfolio.
One way or another, as a result of this “sale”, the minimum cost of NFTs from the Moonbirds collection decreased by 26%. Now the threshold price for these tokens is 4.3 ETH.