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Machi's big brother, popular as an nft whale among crypto circles, made transactions worth tens of millions of dollars in the last 48 hours. The NFT Whale sold 1010 NFT on , in what is described as the biggest NFT discharge ever.
Machi’s NFT dump may trigger liquidation on BendDAO
According to Nansen’s Andrew Thurman, the digital art sold by Machi include 90 Bored Ape Yacht Club (BAYC) NFTs for 5707 ETH, 191 NFTs from the Mutant Ape Yacht (MAYC) collection for 3091 ETH, 112 Azuki for 1644 ETH and 308 Otherdeed for 582 ETH, among hundreds of other NFTs. Sales of these digital artworks brought in over $17.8 million to the whale.
Thurman, that is a nansen psychometric upgrade technician, revealed that Machi was not in a position to make a massive profit from selling its nfts, The main reason is that the sale was followed by millions of dollars to buy back hundreds of NFT, 57 bayc and 190 mayc, respectively. The technician nansen declared that in spite of selling a considerable part of its collection and spending a huge amount to buy it back, NFT Whale had the wherewithal to continue to purchase and sell.
Twitter users have raised concerns about the liquidation of mortgaged nfts on the nft benddao liquidity protocol, due to the decrease in nft prices from the massive sell of machi. Thurman asserted that the whale's recent transactions could be a huge fuzzy wash market in an attempt to attract additional rewards fuzzy token in his upcoming parachuting. As per Blur’s announcement earlier this week, more than 300 million BLUR will be distributed to the community. Users who promote the trading business on blur by listing and selling NFT on their platform are keen to collect more chips in the next airdrop.
