#Whales bought Milady NFTs, then sold them at a loss.#
Hot Topic Overview
Overview
Recently, a whale followed Vitalik Buterin's lead in changing his Twitter avatar to a Milady NFT, spending 94.46 ETH ($312,000) on 14 Milady NFTs. However, the whale sold these NFTs for 69.08 ETH ($231,000) within 30 minutes, resulting in a loss of 25.38 ETH ($80,900). This incident has sparked concerns about the sustainability of the hype surrounding Milady NFTs.
Ace Hot Topic Analysis
Analysis
Recently, a whale followed Ethereum founder Vitalik Buterin's lead and bought 14 Milady NFTs, spending 94.46 ETH (approximately $312,000). However, this whale sold these NFTs for 69.08 ETH (approximately $231,000) within 30 minutes, resulting in a loss of 25.38 ETH (approximately $80,900). Prior to the incident, Vitalik Buterin changed his Twitter profile picture to a Milady NFT, attracting market attention and causing a short-term surge in the NFT's price. However, this whale's follow-the-trend operation ultimately ended in a loss, reflecting the high volatility of the NFT market and the high risk of follow-the-trend operations. Investors need to be cautious.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whales followed Vitalik's lead and bought Milady NFTs, but ultimately sold at a loss, indicating that market enthusiasm for the project may be waning.
Vitalik's move may have triggered a bandwagon effect among whales, but the market reaction was not as expected, resulting in losses for the whales.
Milady NFT prices are volatile and carry a high investment risk, investors should proceed with caution.
The NFT market is subject to hype, and following the trend blindly can lead to losses.