#Whales bought Milady NFTs and then sold them at a loss.#

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Overview

Recently, a whale bought 14 Milady NFTs after Vitalik Buterin changed his Twitter profile picture to a Milady NFT, spending 94.46 ETH (approximately $312,000). However, the 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). This incident has raised questions about the sustainability of the hype surrounding Milady NFTs, and it serves as a reminder for investors to be cautious and avoid blindly following the crowd when making investments to prevent losses.

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Analysis

Recently, a whale followed suit and bought 14 Milady NFTs after Vitalik Buterin changed his Twitter profile picture to a Milady NFT. The purchase cost 94.46 ETH (about $312,000). However, the whale sold these NFTs for 69.08 ETH (about $231,000) within 30 minutes, resulting in a loss of 25.38 ETH (about $80,900). This event has drawn attention to Milady NFTs and reflects the risks of hype and speculation in the NFT market. While Vitalik Buterin's action sparked market interest in Milady NFTs, the whale's follow-the-crowd action led to losses, indicating that blindly following the trend is not wise. The NFT market is highly volatile, and investors should invest cautiously, avoiding blind following and making rational judgments about the value of projects.

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Whale follows Vitalik to buy Milady NFT, but eventually sells at a loss.

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The whale's follow-the-trend behavior caused it to lose $80,900 in a short period of time.

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Vitalik's influence is huge, and his actions may lead to short-term market fluctuations.

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The price of Milady NFT fluctuates greatly, invest with caution.

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